Family offices have become one of the most influential and closely watched investor groups in today's market, yet many are still navigating fundamental questions around strategy, governance, and talent. In this episode of Conversations with Anthony, Alvarez & Marsal Managing Director and U.S. Practice Co-Leader of Global TAG Anthony Caporrino sits down with Bobby Stover, inaugural Executive Director of the Family Office Initiative at the University of Chicago Booth School of Business, to discuss what family offices are getting right and wrong today. They explore how to build investment infrastructure, when to insource versus outsource key functions, and the common hiring mistakes families make when deploying capital. Stover closes with a rapid-fire perspective on today's deal market, overlooked sectors, and the one capability every family office needs to develop.