DUE DILIGENCE IS NEARLY IMPOSSIBLE if a company wishes to hide something, or if there is fraud. Exhaustive checklists, and representations and warranties can be dodged or misrepresented, if you have gone through due diligence and found nothing at all amiss, this should be a red flag. Your final resort is to triangulate with as many sources as possible, and perhaps most importantly, follow your gut feelings. There are more war stories about incomplete due diligence than perhaps any other business topic. Be highly skeptical and don’t fall in love with an idea. Always be ready to walk away.