[Cfairbank]

Yeah that's not the point I was making. You shouldn't want to win every single deal. Your box is your box and be relatively consistent. My point is that IOU's Balance Sheet and capital structure is a clusterf*ck of epic proportions. Interesting how the Direct Lending's returns are so consistent when IOU is taking huge hits....kinda like PAF and Argon.

gotcha, my bad -- so used to the negativity of these boards that I definitely did not catch on to your accurate reference to their celebrity endorsement.