The dangers of "trust but verify"
On honesty and skepticism in LP investments
Welcome back and happy Thursday!
In all forms of investment diligence, the phrase "trust but verify" is common, but the phrase is misleading at best and dangerous at worst for LPs looking for investments.
As I advise more and more LPs daily, I’ve realized that this topic isn’t so intuitive for many.
Today, I’d like to suggest a better framework for approaching trust within the context of investments and run you through a few edge case examples.
