I am grateful to @HandlerRich for bringing Neri and me the opportunity to invest in the @TASE_en, the Tel Aviv Stock Exchange. The best businesses in the world are capital-light franchises which own the right to collect royalties on a compounding base of assets. TASE is a unique non-disruptible franchise in one of the most entrepreneurial economies in the world. The TASE is a royalty on the growth of Startup Nation available at a bargain price because of the war and associated uncertainty. I was very impressed with management, their business plan and their technological capabilities. The company was effectively a mutually owned entity held by the big Israeli banks. It now is a public company with entrepreneurial management. We wanted to buy more but that’s all they had available for sale. Worth a close look. We view TASE as a permanent holding.