Hi everyone. I'm really lucky today because we've got John Elkin visiting. John is the CEO of Exor,

which is a Dutch holding company with Italian roots. They own things like Ferrari and through

Solantis. They also have brands like Fiat, Peugeot, Jeep and Maserati. They are also the largest

owner of the Economist group,

and they even have a football club called Juventis.

So pretty amazing.

All together in a fun, we own shares worth 34 billion grower,

a very warm, welcome, John. Thank you for having me, Nikolai,

and thank you for your trust with us and our companies.

Thank you. with us and our companies. Now, how do you look at Exor as a company?

Exor is a company that builds great companies with great people.

And how do you do that?

We try and do that by choosing the companies,

by committing ourselves as owners of these companies,

and aligning our ownership with the governance of these companies

and the leadership of these companies.

You have some other groups worldwide who is trying to do the same.

You, of course, have Warren Buffett's Berkshire Hathaway.

You have the Wormbergs in Sweden.

Just how would your philosophy be similar or different?

Well, those are very good examples and very respected examples by us and admired

and both have served

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