I am here today reading through all your series here as promised.
You know, this really stuck out as some key advice:
The longer one spends in this space and invests in their knowledge, the more clearly they are able to see that outcomes are not random. While it may take a certain degree of knowledge and skill, there comes a point where complex pattern recognition becomes second-nature. There are tell-tale signs of ventures with excellent prospects, and there are red flags that stick out like sore thumbs once you learn to recognize them.
--- I think that was a powerful piece of language.