It is all well and good to tout investment ideas, but the ultimate test of conviction is whether one backs them with hard-earned money. As stewards of your wealth, we think our own money should be invested alongside yours. In this spirit of aligning interests and ensuring we have skin in the game, we have arranged our financial affairs so that nearly all our liquid financial resources are invested in the fund. Since we feel the pain of our mistakes, you can be assured we will strive to avoid investing carelessly.