Thanks Lar, Txomin, Andrew and Blas for sharing great insights. I need to drop off now. Thank you!

Same. Thank you everyone.

Andrew, what do you look for in a good investor?

partner*

Lar, Txomin, Andrew and Blas everyone else. thanks so much. learnt a ton and can't wait for next time. Got to run, enjoy!

Daniel, philosophical alignment really is the starting place. You can tell very quickly by the types of questions people ask. If someone is asking what my Sorintino Ratio is, I look fairly quickly to just let them know this isn't going to be a fit. A bit more nuanced, but its also really important to understand the layers of agency. You may be talking to the head of Public Equity at an endowment... but that person reports to the head of Public Capital, and that person reports to a CIO, and that CIO reports to a board. How stable is that whole structure? Because it happens constantly that one of those roles upstream changes and then there are wholesale portfolio changes. All things equal its best to work with Principals who are both the final decision makers and owners of the capital (usually a family office).

Thank you!

For sure!

Thanks everyone! I also learned a ton!

Thanks all

thanks, everyone!

Thank you!