"“With every crisis comes great opportunity,” said Mobius. When markets are crashing, “that’s when we’re going to be able to invest and do a good job,” he said."
Got it. But WHERE is the opportunity going to be or, if it isn't predictable, how will you identify it when it comes and know where to enter?
How these top hedge & fund guys do what they do is partially a mystery to me. Only partially, because we know they get a lot of info from "inside" connections -- from other traders to politicians and Fed governors. But the rest? Has anyone ever read a good book, or even article, describing HOW to become a successful hedgie or fund manager? I DON'T believe it is mainly "talent" -- other than I attribute a lot of it to being able to keep calm in the midst of "blood in the streets" (which is a talent..although a learnable one, I am sure).
I only seem to be able to identify the long term tangible opportunities. Such a shame....
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