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Consistency and Alignment in Investment Management
The chapter emphasizes the importance of consistency in managing outside capital for investments and aligning actions with investor expectations. It discusses investment strategies focusing on cash and illiquid private investments, highlighting the significance of principals having a higher percentage of net worth invested in funds. Additionally, the chapter delves into personal transformation due to faith conversion and the impact on sharing experiences, while also touching on the advantages and challenges of running a business in a smaller town.