Martín Escobari

And then 10%, we get 5X plus.

And these are really important.

And these, all of them, are better than the upside case in our memos.

Because good things happen that we did not see coming, but God bless and thank God.

So I always find, like, where are the lottery tickets?

Pattern recognition from having seen winning lottery tickets gives you some help, right?

If you've seen more of these, you begin to see how you can get lucky.

As important, in all those lucky scenarios, there was a spear fisherman at the top to capture an opportunity that was available to many.

but they seized it.

So it's a lot more about capital allocator at the top.

The CEO, is he someone that can spearfish?

And some people, it takes one to know one.

Some people are really good at it.

Some people...

and not steer fishermen.

Best window into growth equity since 2009.

And why?

Everything's on sale.

There's so much pressure on GPs to post DPI that we're getting 40% growers at 15 times EBITDA.

It's 30 to 40% discount to the public comps.