Hedging

“The way we manage our downside is, is, is strictly through our underwriting. We rely very heavily on our ability to assess risk and downside on, on on each individual business and on the portfolio as a whole. And we make adjustments, you know, we'll make adjus…”

“And I think one of the calling cards of Lime Rock as an investment organization is we're reluctant to use aggressive leverage structures. We used leverage less aggressively, and when we did have leverage, we used hedging aggressively to ensure that we had the …”

“In our world, it's really competitive. And what happens if there's a team that's exactly as competent as you, and they're not hedging? They're always gonna win, you know? They're always gonna beat you.”