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Capital Allocation
i found most fascinating was the fact that this is entirely a sort of captive capital. There aren't outside investors. That allows you to have what everyone says, they have a long term vision and goal but few are actually able to execute on because capital is so fickle. i joke sometimes that we started with a micro capital base, but the beauty of compounding is when you can compound at a very high rate,. Even small amounts of capital, as we found out, turn into larger amounts of capital over time.