Maybe you can tell us a story about how you've applied your incredibly due diligence powers against an investor who negotiates more deals in a month than you'll do in a lifetime and come out on top?
Because otherwise this sounds like the sort of fault-finding, monday-morning-quarterback activity where the apparent goal is for the speaker to feel superior.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
Hmm, sorry I cannot provide you any stories of my due diligence powers. I can only speak to the fact that I know my existing fiduciary duties don't make this an optional task.
I have a relative who works inside one of these large institutions and he has advised me multiple times: if we cannot verify what they're saying, you don't accept their investment -- it's as simple as that. The onus is on the investor to present themselves, and then the responsibility of accepting that investor in the group lies with management/ownership/board as designated by the corporation. Basically, you accept it or you don't.
A complex environment simply doesn't absolve me of my duties to my board.
Because otherwise this sounds like the sort of fault-finding, monday-morning-quarterback activity where the apparent goal is for the speaker to feel superior.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."