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I, I somehow found myself invited to a MSN client retreat that Joanne was running. We over time had licensing and product development revenue. Did they capture enough clients and or revenue to make this worthwhile? 00:10:48 [Speaker Changed] That’s where I met her, yes. But you know, I remember meeting Joanne.
They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. They’re advising clients. RITHOLTZ: Oh, really?
And I’m sitting there like, man, I’m glad I’m not licensed yet, because, you know, the last thing I wanna do is, you know, get booted outta the business before I even start. So we service the, the global private clients. So the financial advisors are, you know, a big part of what we do. We talk to them a lot.
And it created this race to the bottom on electronics prices. Let’s open this up to toys, let’s open this up to electronics. So it’s a license to steal. 00:51:46 [Speaker Changed] They just took all the clients. ’cause they had to try to compete but at a loss. 00:38:59 [Speaker Changed] Hmm.
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