Robert Blabey

And so they would

to adjust where they were sort of pointing their guns at any given time and might be in publics one day, privates, equity, debt, currencies, commodities.

You know, they were they were looking at where opportunity existed.

And I just always that always appealed to me personally.

I thought it was the smartest way to invest.

And so.

Our business model has evolved into, you know, formalizing, I'll call formalizing that.

And I think for families, that's a really, you know, smart strategy.

And it's where I dedicate my capital personally.

But I think it's also just something that, you know, I always sort of laugh.

You can pick the best strategy.

real estate manager, investor, but it could just be a bad vintage or period to be investing in real estate.

And so you spend all your time assessing and evaluating the top real estate manager, you pick that firm or individual, and then you just happen to get a bad vintage.

And so through no sort of fault of your own, you may not perform as you had underwritten your performance to be because of the vintage versus the manager.

And so

So for us, this opportunistic being able to pivot, play in different parts of the cap structure of a business or be in the public markets when things in the private markets look more expensive or vice versa to us just makes sense.

And so and so far, knock on wood, it's proven accurate.

That's a good question.

It's hard to know what others aren't doing.

What I can speak to more clearly, obviously, is what we've focused on.