The line "All I want to know is where I'm going to die so that I never go there" has always resonated with me. (Charlie Munger, I think)

I'd be curious for folks who have been investing in self-funded searchers or other ETA / search / independent sponsor deals for a longer time what some of the ways are that you've seen investments go belly up. And if you have lessons learned from those experiences, that would be fascinating to hear!