Interesting read, but I found this a missed opportunity to link AW Jones' journalistic background to some of the journalistic elements behind running a hedge fu

Interesting read, but I found this a missed opportunity to link AW Jones' journalistic background to some of the journalistic elements behind running a hedge fund. Disclaimer - it's a thought I got from watching The Big Short, which portrayed Mark Baum as a sort of investigative journalist in a hedge fund manager's clothes. He takes a lead from a source, investigates a thesis, talks to primary sources, and drops his findings in public. More compellingly, he appears to gain access to meetings and people that ordinary journalists wouldn't, simply because he's seen as part of the system. But unlike a regular investor, who can be tempted to call a spade a forklift if it meant that it would drive up the price, Baum's money comes from betting against the system. His "journalistic" pursuit of reality is motivated by skin in the game, as opposed to institutionalised bias. Of course, the motivations behind journalists and hedge funds appear different, and the incentive for truth can vary too. But since so much of journalism is hostage to its financial model (advertising), it's arguable that there's little difference in key aspects. If your goal is to make money, and the means by which you make money affect your version of reality, then it's a comparison between apples. Since hedge funds are incentivised to protect their investments against looming bear markets, they are also incentivised to see past the frothing-at-the-mouth hype that accompanies bull markets. Which I see as a mirror of the journalistic idea of speaking truth to power. I am interested in any systems that can lead to people seeking out and producing high-definition versions of reality. Journalism is but one system, and it has no monopoly on this pursuit. The world comprises many such systems. I feel hedge funds could be considered one of them. That the "first" (debatable) hedge fund was started by a journalist seems more than a coincidence.