Yesterday, I had the chance to meet Tor Olav Trøim again. His approach to investing and business is truly inspiring. He believes in the jackup thesis and has invested $40m of his own money in $BORR over the past two weeks. When was the last time you saw insider buying on that scale? What makes it even more remarkable is that, despite the attractive long-term outlook, the short-term picture remains relatively weak. But if you know something will be worth twice as much in three years, how much time should you spend worrying about next quarter? Are you really willing to risk missing a $6 move just to get a $1 lower entry price? I share his conviction in offshore. Supply is constrained, demand is growing, and the next few years could bring a further acceleration as oil companies convert additional cash flows into exploration budgets. When the Iran conflict eventually ends, deferred demand could rebound like a compressed spring, adding further pressure to an already tight market. Meanwhile, much of the market is chasing whatever is hottest: AI, datacenters, momentum, even tankers. In doing so, investors may be overlooking a rare opportunity to allocate capital to irreplaceable, essential assets in a sector where the supply response doesn´t exist. I was also struck by the respect he has for Cobas and Azvalor, two Spanish investment funds that share this long-term, business-owner mentality. We live in a world where most of us, myself included, are too focused on the immediate future: getting the next quarter right, timing entries perfectly, and avoiding volatility. Yet great fortunes are often built by playing a different game. Being able to learn from people of this calibre is something I’m extremely grateful for. 🙏