Q customers call it miraculous, game-changing, and an awakening. If that's not how you would describe your investment management tech, request a demo at ridgeline.ai. And now back to the show. At that crucible internal moment to making that decision, how did that conversation compare to others that you've had in the past or since of similar successful investments that maybe you should continue and re-up for a while or exit?
A There's moments where the market collapses and you just have asymmetry in front of you and you layer in the bed and the challenge is don't overstay your welcome because whatever created that asymmetry is probably going to present itself again On the opposite end of the spectrum, we owned an oil sands company in Canada, first deal we did. We owned a shallow water jackup drilling company in the Gulf of Mexico, and our second fund outsized ROIs in both cases. In both cases, within five years of our exit, those companies were bankrupt. It just speaks to the fact that each year we were holding Crown Rock, the technology that was being really ubiquitously applied throughout the industry in horizontal drilling techniques, Lateral lengths for the fracks. Everything was getting better every year. I'm not sure there is an analog to the question you're asking. This was very unique insofar as prices were coming against us at moments in time, three that Jay mentioned, but there wasn't that extinction risk fear. The Crown Rock deal just never had aspects of that risk factor.
AI assessment note: “I'm not sure there is an analog to the question you're asking. This was very unique”