Due Diligence. Your Offensive Line, Your Offensive Weapon. Care and diligence bring luck . Thomas Fuller. Why Due Diligence is Important. Returns are positively correlated to hours spent on due diligence. What is the right amount of due diligence?. Due Diligence Sweet Spot ~ 40 hours
Your Offensive Line, Your Offensive Weapon
Returns are positively correlated to hours spent on due diligence
Know what you are looking for and where to look for it.
“Blue oceans….denote all the industries not in existence today – the unknown market space, untainted by competition. In blue oceans, demand is created rather than fought over. There is ample opportunity for growth that is both profitable and rapid.”
Bloody Oceans – industry characteristics where companies fight and primarily compete on price.