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Yes, we’re gonna kind of continue to see volatility with some of these, these surprises, like the deep sake example, but, but it, it hasn’t really changed our view, our very constructive view on, on the market going forward. If we go back five or six years, you are a managing director and head of specialized industries.
RITHOLTZ: We’ll talk a little bit about leadership and crew development a little later. So let’s discuss leadership and what you do to develop crew members and to identify and foster other people’s leadership skills. So, Ken ended up being one of the best bosses I’ve ever had in my career.
The cost of constructing a home is higher today than it was three years ago. So there is real inflation in cost of construction. And I think w when you combine new home sales declining and new home construction or and multifamily construction declining, that’s when I think the bite will be felt.
So we have to think about creditrisk like everybody else. But at the end of the day, emerging markets risk is about credit culture, people, how do they behave in times of duress in the past, predict how they’re going to behave in the future. I’m not going to say I do it as well in Spanish as I do in English.
But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much creditrisk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this creditrisk relative to the return it’s going to throw off?
Evaluation criteria includes governance policies and goals, environmental and social sustainability financing achievements, industry leadership, and third-party assessments. Standout transactions in 2024 include a loan to LG Energy to construct a plant in Poland for the manufacture of batteries used in electric vehicles.
00:07:40 [Speaker Changed] John Mack defined leadership. I think he’s just embodies leadership in all. And so they really put me in a position to succeed because what PGM is really about is a team construct. 00:10:11 [Speaker Changed] I’m, I’m glad you brought up the team construct.
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