Thank you, Raj and Mr. Machin.
Before I turn to Mr. Duvall, I have two questions.
You talked a fair bit about teams and their importance. Could you elaborate a bit more on that? I believe you emphasized 25 areas where you would have specialized teams in terms of investing. Why do you have it that way?
Second, you emphasized in your written submission the importance of “scale” in terms of your approach. Could you perhaps elaborate on that a little more as well? What do you mean by scale?