Really insightful list! I especially like the focus on time arbitrage and running concentrated portfolios. In my own investing journey, I’ve found that less is more when it comes to holding positions in companies that I truly understand. It’s all about being patient and allowing the market to recognize value over time, rather than getting caught up in short-term fluctuations. I also agree with the emphasis on investor-manager alignment. Working with investors who share a long-term vision makes a huge difference. Thanks for sharing these examples and offering such thoughtful reflections!