Sean Warrington of Gresham Partners sits down with David Weisburd and Erik Torenberg to discuss his investment decision-making process, extreme risk factors in diligence, and his approach to investing in emerging managers. The episode also covers reference processes in fund management, the impact of social proof and momentum in investing, and best practices of cutting-edge family offices. (0:00) Introduction to Sean Warrington and discussion on investment models (0:05) Erik Torenberg on non-obvious reference questions (0:15) David Weisburd's top fund investing signals (0:20) Multistage investing, capital deployment, and Gresham Partners insights (4:02) Investment committee dynamics, position sizing, and diligence scenarios (6:46) Gresham's venture book, platform plays, and value add strategies (9:01) Sponsor: Deal (9:43) Emerging managers and common investment process mistakes (13:02) Unique qualities in fund managers and newsletter announcement (15:37) Learning from investment cycles and social proof in fund investing (17:34) Best practices in family offices and closing remarks (19:47) Episode wrap-up and future events