00:00Your team is largely in Beverly Hills, and the reporting shows that everyone's feeling pretty good, feeling pretty confident.
00:05Yeah, the music isn't stopping, which is kind of weird, right?
00:08So I've been covering M&A for quite a while now, and the rule of thumb has generally been volatility
00:13is bad for M&A.
00:14If the equity markets are rocky, CEO confidence is shaken, you can't do deals.
00:18What's coming out of the conference is people are saying the opposite, actually.
00:21Volatility has showed us, if anything, you need to be bigger.
00:24You need to be stronger.
00:25So go out and start game-changing deals.
00:27And secondarily to that, we've been in a state of perpetual crisis since COVID, basically.
00:31So you can't just freeze up and not do anything.
00:34You just kind of have to carry on.
00:35Yeah, so it feels like this is a new normal, and I wonder to what extent there's a bit of
00:39FOMO taking place.
00:40That was a big thing that was coming out of the conference as well.
00:44Jeffrey's ECM banker was saying that people can pick and choose what the best options are going to be coming
00:49on the IPO front,
00:50and that you have to move sooner rather than later because you're going to be left behind because there's so
00:53many on the runway.
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