The Importance of Multiple Arbitrage

Early doors, I was open to everything. The more content I consumed and the more numbers I sort of crunched through, I was clear that it was some kind of roll up where I thought we could add the most value and create the most opportunities. So then that kind of led me down, ideally industries that were a little bit more fragmented. And now for me, it's definitely the way to go for me because of not just the value creation, which is obvious from a multiple arbitrage as well.