Limited Partner (LP) Investing Lessons

Limited Partner (LP) Investing Lessons

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Limited Partner (LP) Investing Lessons
Limited Partner (LP) Investing Lessons
Does due diligence matter?
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Does due diligence matter?

Trusting your gut vs due diligence

Aleksey Chernobelskiy's avatar
Aleksey Chernobelskiy
Mar 29, 2025
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Does due diligence matter?
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Welcome back and happy Friday!

Today I wanted to discuss my response to the below meme - which was very well done, if I may so myself (shoutout to Eli!).

By the way, the investment in the original post was actually just made! Fascinating story in its own right.

The short explanation of the meme: while the majority of people think due diligence is important, higher & lower IQ investors both think you should just trust your gut.

For those of you who are unfamiliar with the meme format (or probability distributions), I’d encourage you to read this over coffee this weekend - it’s actually pretty well done!

The question I’d like to discuss today is to what extent is the above meme true? To what extent does due diligence ACTUALLY matter?


Announcements (article continued below):

  1. Latest article: LP Risk Mindshift - what many professionals and entrepreneurs get wrong about risk in syndications (and what you can do about it)

  2. April LP Cohort: Starting next week. Review 4 deals with me and a small group of other LPs to learn what to look out for in deals. Please reply to this email if it’s of interest.

  3. LPs on GP-LP Match have now gotten 80+ deals for free and the platform is at 1,500+ verified LPs. If you’re an LP or GP join here in under a minute.


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