We try to pick companies that dominate their niche. So we think there are lots of opportunities to sort of identify pure plays,

[If your goal is to find companies to grow with, interest rates may not come into play as strongly.] Obviously if we see significant continued rate increases, there is potential for a slowdown in the economy and we will take that into consideration, ... But a material slowdown will affect most companies out there. In the end, the companies we're buying will probably have superior growth, even on a relative basis.

Companies in business services and outsourcing, we believe provide nice secular growth and have some resilience to a generally difficult economy,

I think all eyes are on the economy and the Fed is trying to engineer a soft landing.

I'd like to see a summer rally. I guess there's no guarantee. But overall, I think we're still pretty bullish. The economy is still very strong, and global growth continues to be pretty solid, and the companies that we focus on I think can do well, even if we see some moderate slowdown in the economy.

This gives all of the opportunities now to the companies and to the replacement workers, and it makes it very, very grim for strikers.