Danny Deutsch’s motto and the title of his book, Often Wrong, Never in Doubt, are about the power of confidence and moving forward even when it results in as many misses as hits. It worked for him. It doesn’t work in investing, which relies on empirical evidence, not hope. However, we find the motto does apply to the alternative investing space—given its poor performance coupled with confident messaging.
The size of this space is more than $6 trillion and encompasses real estate (for investment purposes), private equity, and hedge funds, as well as other, more esoteric forms