We start with the radar, and then we understand the business through the meaning moat management and finally, the margin of safety. You you must conclude at the end of those three pieces of this thing that you've got your hands on a really great business here or you don't have to go any farther. A thing goes into the no or the too hard box, and you're done. If it's too complicated, you don't want to buy it. Noe, the chocolace covers tin cap pay back time and the discaunt of casfal analysis that we call the margin a safety analysis. This is going to be the ten cap price of the business. And i now

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