law, both as an advocate for change in law and being very active, can you kind of
describe any added, any other information there, but also with some of the new laws
that have been passed, your kind of opinion? Well, before we got to the question of
law, I want to talk about our strategy. Oh, yes, please. So because our focus is
on hard asset. So we're talking about energy, electricity. We're talking about waste
to energy. We're talking about materials, which would be green type materials,
green steel, for example, or going into transportation, green locomotives,
et cetera. Well, all of these are, when they are secured by off -take agreements,
then all of a sudden we have built a royalty program, which is totally predicated.
to get as market return as possible and with risk mitigated as much as we possibly
can by traveling in this universe of green, which in today's day and nature course
is quite a, quite a subject. So let me sort of segue into the law thing.
That's great. That's very helpful. Once I worked for a family office where the whole
per, the whole structure
through the numbers, it could turn out to be a panaceo of the opposite. So you
have to be very diligent, but it's a terrific investment thesis when executed
properly. Now with regards to law, obviously this administration has been very,
very active. And the situation with the Biden administration was such that there was
quite a bit of financing under the IRA, et cetera, and all of a sudden this
financing is getting held up. Perhaps the best example is this wind farm, which I
think is in Rhode Island, which involves about a billion dollars.
Obviously, in these type of situations, investors are going to have to sort of look
at these deals from a market viability standpoint, because the fact of the matter is
you do have some real investors in green steel. Bill Gates has a plant in Colorado.
You have the Swedish companies, which have the only green steel plants outside of
that in the world. But of course, you have, on the other hand, President Trump
pulling the rug out from Cleveland cliffs when they were expecting to produce green
steel. So all of these things have to sort of, the training wheels are being taken
away. So I think.
belly up. And so when the government gets involved, economics are getting corrupted
and therefore it becomes very risky. And so you have to stand on your own two feet
is what really the changes in the law, like telling us all. Thank you.
Thanks for joining us for this episode. In our next episode, we'll explore how
family offices are adapting to the modern era, managing global teams, virtually,
building relationships remotely, and uncovering some of the most exciting investments
they're making today. Stay tuned.