Fraser breaks into his trademark smile. Someone who might not know him might be misled into thinking there's a note of triumph in his expression. "Understood, Ray."
Even if he expressed that sentiment to the Canadian, he'd likely counter it with the argument that he was simply outlining all the possible outcomes for his friend to make an informed decision.
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"I like my upholstery in one piece. Thank you very much."
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Honesty, after all, is his best policy.