The Industrialist

The Industrialist

Target Selection & Diligence

The Limits of Diligence

Why uncertainty persists, and how experienced teams decide anyway

David Carr's avatar
David Carr
Apr 08, 2026
∙ Paid

Diligence is often described as the moment uncertainty gives way to clarity. Data gets gathered, assumptions tested, risks surfaced, confidence rising. In practice, diligence rarely resolves uncertainty — it reorganises it. Some questions get answered, others get reframed, and a meaningful portion of what actually matters remains stubbornly unknowable u…

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