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Are Private Equity Firms Counterpositioning?
i think to more finely articulate that, i opened this episode by talking about the fact that warren shows a very unique structure in choosing not to have a fund or a partnership. And so then the question becomes, is that actually power in a positive way, or is it somehow negative? Is it just a disadvantage? Are they counterposition to you? I'll make a first run at it and say, counterpositioning verses anybody that's running money.