Thanks for a great post, lots of food for thought. One element that this made me think about was catalysts - In your examples of switching from known names to more dislocated stocks, you are changing your exposure from (presumably) a specific catalyst for that known stock to a stock that may not have a specific catalyst besides being "ch…
Thanks for a great post, lots of food for thought. One element that this made me think about was catalysts - In your examples of switching from known names to more dislocated stocks, you are changing your exposure from (presumably) a specific catalyst for that known stock to a stock that may not have a specific catalyst besides being "cheaper". How do you think about that and manage the risks/timeline of that?
Thanks for a great post, lots of food for thought. One element that this made me think about was catalysts - In your examples of switching from known names to more dislocated stocks, you are changing your exposure from (presumably) a specific catalyst for that known stock to a stock that may not have a specific catalyst besides being "cheaper". How do you think about that and manage the risks/timeline of that?