The Importance of Conviction in Investing

J.M. Smucker: One of your more recent funds to say we are going to opportunistically look for distressed shopping centers. I do believe actually, institutionals are going to start to come back to that asset class. But it's interesting because being in a fun business does change the way you think about that,. Smucker: You have to have conviction over the asset that you're buying and real estate is a slower moving asset class.