I have to agree, given JRT is a basically a duck flying during hunting season. It was a very good call. They are managing through the debt crises very well. The size of the margin calls was staggering but they prepared for and managed it.
Definitely a very strong team in my humble opinion. If more banks were run this well we would not have the credit crises. If we do not get a deep recession that knocks down commercial real estate this could be a real winner.