Morgan Housel – Walking and Thinking - [Invest Like the Best, EP.04]
Invest Like the Best with Patrick O'Shaughnessy
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Do You Think Due Diligence Is Better Than Venture Capital?
In venture capital the range of potential outcomes are known to just bno, you could drive a truck through them. In stock pickers or asset allicators, loto tha, due diligence is done in a spread sheet. And i think that's more dangerous because since you have data and you're building a model, if you're a stock picker,. it's easy to say, well, i built this complicated model and excel, therefore it has to be right.
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