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Credit Application Industrial Service & Supply, Valley, Al Form

Credit Application Industrial Service & Supply, Valley, Al Form

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you obviously have filters that you apply on selecting people as you do on stocks can you tell us a little bit about what those filters are that is a key key question because when we buy businesses we don't have managers to put in them i mean we're not buying them that way we don't have a lot of mdas around the office uh that would thank god yeah that i you know i have not promised that they're going to have all kinds of opportunities and so as a practical matter we need management with the businesses that we buy and three times out of four thereabouts the manager is the owner and is receiving tens of millions maybe hundreds of millions of dollars so they're not they don't have to work and we have to decide in that time when we meet them whether they love the business or love money and we're not making a moral judgment charlie may but i i'm not making a moral judgment about whether it's better to love the business

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