0:00I'll tell you one of the hardest times I had at
the company and how ultimately I put it as one of
0:06my best learning experiences. We had a bank and uh
we decided to get into the auto loan business. Let
0:12me just say if if you don't know who the sucker
is in the room, it's probably you. We we might
0:15have been that for a little bit. We were trying
to build a loan portfolio and we were buying it
0:20from finance directors and dealerships and we
ended up having a lot of credit problems. I I
0:25probably will know more about auto lending
than I'll ever know about asset management
0:29because I had to learn all the...Yeah. Exactly.
The regulators were coming down so hard on us. It
0:35was actually affecting our asset management
business. And I remember I would wake up in
0:39the morning and I'd find myself literally
in the fetal position thinking, "Oh no,
0:43I got to meet with the board or the regulators."
0:45The lesson I learned is in some of those toughest
times, probably the most important thing is just
0:50keep putting one step in front of the other.
It can be overwhelming to think about how you
0:56get out of the problem. But what you can do
is you can solve today's issue and you make
1:01those steps. And what you can't do is just freeze
and paralyze yourself from from moving forward.
