Your background is very impressive and intriguing. You definitely have a lot of valuable and unique experience.
I read your most recent post on activist investing and couldn’t agree more. I have always been a fan of activist strategies because even under an assumption of efficient markets, activism can still generate alpha in theory.
I have also heard about how process-oriented investments, such as activism or distressed investing where you have a greater influence over the final outcome, are valuable from a standpoint of downside protection.