The Importance of Being Diligent is a blog currently managed by Star Magnolia Capital. All information used for the case studies on this website was publicly available and does not contain any confidential information. We will try to provide readers with fair and unbiased information, but we do not guarantee its accuracy. We are all human being and will make mistakes. The only purpose of this blog is to help next generation analysts to learn from the past mistakes because we forget everything too easily and too quickly. Before you make any investment decision, you should conduct your own “trust, but verify” process.

It is also important for you to understand that there is no perfect due diligence because this world is changing constantly. Yesterday’s information might be not true any more. Therefore, you have to keep learning.

Star Magnolia Capital was established by Shinya Deguchi in 2012. Prior to Star Magnolia, Shinya worked for a various investment advisory firms in the United States and conducted due diligence on over 2,000 investment managers for the last 10 years. Some of them are featured in the case studies of this website.