The 7 deadly sins of private equity

One of the first things you learn in business school is that you can't let your emotions rule your finances. Yet, in the world of private equity, I see this all the time.

Decades of experience and common sense quickly disappear when professional investors are confronted with basic instincts and urges. In fact, anecdotal observation has led me to the conclusion that most private equity professionals find themselves in a bad spot, not because of any outside factors, but because they commit a variety of internal mistakes.

So what are some of these self-destructive behaviors and what can you do to avoid them? Well, if you're like me and found yourself running from nuns in your youth than you're probably somewhat familiar with what I'm talking about, so read on for private equity's seven deadly sins.