I attended a recent conference that exposed investors to various hedge fund opportunities. Many of the opportunities were of the trend following variety or were well known opportunities from legendary global macro traders.
There were, however, several what I call “visionaries”.
These were very bright men, understanding of history and loaded with visions of where our future will be in 10, 20, and 30 years. But at the end of the day should you make a “bet” on the fundamental vision of one man looking out 20 years or should you make a “bet” on traders that have specific risk management philosophies, entry & exit approaches and portfolio selections that deal with the here and now?
It is an interesting choice.