The Difference Between Micro and Macro Markets

We worry about lawyers. There are too many lawyers. They're coming out of school and not getting jobs. So we've invested in the legal tech market. And we look at aircraft maintenance. We own a business that sells into aircraft maintenance. The end market, it sells and do general aviation is in decline. Fewer units of general aviation. But technology adoption was growing. Even though the mega-billion dollar end market was declining one or 2% a year, more people in that market were adopting technology. At a better clip. One by one they diversified with an acquisition that sold into the jet market. That's be honest with yourself. Understand that you were lucky. You were