CNN Money – The most consistent hedge fund managers in this game are very matter of fact and common sense people. They have their own repeatable risk management process. They are as competitive as a professional athlete in executing it. And they are mentally flexible enough to change their positioning as the game changes.
Druckenmiller likes to look at charts. I have a beauty that’s taped on the inside of my notebook that I often show clients to depict the correlation between hedge fund strategies going back to the early 1990’s. I use the early 90’s because that’s when we started to see the divergence between the real pros in this business and the also-rans in the hedge fund world who simply chase one another’s positions.
