"We have to be a firm of entrepreneurs. We're one of the few handful of firms in the world that can consistently write billion dollar plus checks across asset classes. >> What, made, that, group, tick?..."

"Can you, say, more, about, this, notion, of unitizing risk and return like the literal tactical way that that happened? >> So, we, think, about, the, relationship, of risk units and return units. So r..."

"It's, like, a, fundamentally, creative process. It reminds me of Richard Rainwater and all you heard about how he would structure things and kind of take all comers. Lots of whiteboards in that office..."

"We love investing and it was really about just being like trying to create solutions because our capital is so flexible. We could go sit down with any CEO or any management team. One of our core skill..."

"Our view on business building is if you don't, you know, if you don't have a compass, it's hard to know where you're going. And more importantly, it's hard to get everyone on your team matched up with..."

"It can go anywhere in the duration spectrum. So it could do you know, a two to three year investment, but we have investments in there like with Real Madrid. We have a strategic partnership with Real ..."

"Okay., Now, let's, go, back, to, Airbnb because I think this is like a classic you know early co example of the returns to flexibility. >> We, were, one, of, the, few, firms, in, the world playing off..."

"And, you know, ultimately came in and that was an interesting time because that the thing that Brian did that was really smart. He did a lot of things that were smart. The way he operated through that..."

"And our whole thing was like if we go to four or five our if we go to four if we if we go to three years of this like by the way this led to another theme on sports and live entertainment because we l..."

"Do you try typically to boil things down to a simple bet like that so that you understand it in simple terms and you're not like creating too much complexity where it doesn't >> well, we, like, comple..."

"When, you, think, about, what, success, means for the whole firm from a return and risk standpoint, how do you think about it? Like is the ultimate comparable for units of risk and return like the S&P..."

"So we literally just started through our relationships calling on the top global sports franchises in the world. You know, now we've got, you know, San Francisco Giants. We're partner with the Dallas ..."

"So, if you think about like the stadium one as an example, there's this interesting push and pull like they know the money they need and for what um they're probably optimizing for, you know, giving u..."

"If it's just a a private credit deal, it's just a yield component. You know, sometimes when we're doing joint venture, we're we're like what are the value added operations? In that case, we're one of ..."

"So, that one again my partner uh uh Mike Michael Dryden who runs our asset based finance business has known Max a long time gets on a whiteboard, they start mapping it out. It's not like you can pull ..."

"What, is, the process, by, which, you, develop the 15 to 20 themes at any given point in time? >> At, any, one, time, we, have, 50, to, 60, themes bubbling through six street because remember we have ..."

"we, have, 25, themes, running, through, the platform right now. So I'll just give you a few of them. Um number one is you know partnering with big companies, big corporates to help advance their busin..."

"Given how big this has all become, assets, number of people strategies, investments, how do you spend your own time on individual investments versus on people and on teams? Like because obviously you ..."

"In terms of running the business obviously, I think a lot about our strategic plan and executing the core strategic priorities. So, I try to think about big boulders and there's, you know, five big bo..."

"So that's one thing I learned at Goldman is like just reporting reporting like just like communication and not fancy reporting. So I always know what's going on. And then obviously I talk to I talk to..."

"Well, it's kind of ironic when you step back and think about it. You basically have all these public companies. It's all going, you know, there's less public companies. It's going more private. But no..."

"It's, starting, to, happen., I, mean,, you're starting to see with some of the larger LPs that are the traditional sovereign wealth funds or pitch funds, they're looking for access. They're looking fo..."

"And uh I had something very fortunate and also one of the most impactful things in my professional career happen is that when I we first started there was a bank called Amresco in in Dallas Texas and ..."

"So from their perspective, going back to sort of risk units, they were the first 25% of the value of the company in a first lean loan, which at the time just it kind of broke my brain. And the guy who..."

"And, by the way, that business is now I think it's over you know Julian Salbury one of my partners told me it's over $50 billion now >> wow >> but, it, all, happened, because, this, guy Steven plus >>..."

"It's, a, it's, incredible., But, that, that was one of the most selfless selfless acts and it changed changed my life. My friend Ravi Gupta has my favorite framework for this development concept which..."

"You knock down 70% of them. That's part of your toolkit. You leave the ones that you didn't knock down for the next year. those those go to the next year and then you add two more. You do that for 20 ..."

"You know, maybe there's a criticism there but we just try to make it an envir there's different forms of compensation. I think sometimes in our industry everyone thinks about one form of compensation,..."

"Yeah., Well,, I'm, fascinated, by, what you built. It's so interesting and fun to hear all about it, its history and its unique aspects and where it's led you. It's so such a fantastic conversation. W..."