Rebalanced into 70/30 index/individual this month. The individual sleeve is purely conviction plays I can hold 10 years.

For founders: your business is already a concentrated bet. Your portfolio should probably be boring. Boring is underrated.

Boring portfolio, interesting business. That is the whole strategy.

Anyone allocating to alternatives at a small scale? Trying to understand if it is worth the complexity under $500K.

Under $500K, complexity costs more than it returns. Keep it simple until it is not.

Angel check #6 written this quarter. My filter is now just: would I personally use this weekly?

Chris, does the "use it weekly" filter apply to B2B tools you would never use yourself?

Then the question becomes: would the buyer miss it in a week if it disappeared.

First time putting business profit into the index instead of back into inventory. Felt wrong, probably right.