You mentioned there about business models.

So if you were gonna maybe select a team that, an industry that would interest you most, a business model that would interest you most, maybe, you know, consumer retail or pharma or tech, what, what, what would you lean towards? Yeah, this is a really good question and it kind of links to some of the stuff that I like doing in the investment fund fund. So something that I was very fond of was thinking about maybe Warren Buffet or Terry Smith styling, investing of recurrent revenues.

So the business model that I'm quite fond of is sort of, um, um, subscription based models.

You think about maybe Spotify, which has sort of freemium to pre to premium type models where you're thinking about customers who rather than pay the money in one chunk, they're recurrent, they come back, they consistently have ongoing value.

And these, these models are very lucrative and attractive and I find 'em very personally interesting because you are looking at consumers who will always have a stable cash flow going into the company.

It's very healthy. It's why PE firms quite interested in sort of stable cash flows.

So that kind of model is very interesting to me.

I also find that if you're thinking about like models in general, it's important to think about if you go dig in a bit further to the industry in the company, what, what, what's actually going on there.

So Terry Smith, for example, would say, uh, I don't like the airline industry because it can't control many of those aspects. Whereas if you have something like Spotify, you're thinking, okay, they can control their, they can control what they're putting out, they can control sort of very, uh, cheap infrastructural costs of, of their marketing service.

So in my mind, industries that you can, industries and businesses that you can control, you have a lot of, um, decision making.

Those tend to be more successful. And those are what I'm more interested in.