Looking back at most of my 10+ baggers over 10+ yrs, a good fraction have been a bet on the person running it, not the balance sheet or other.
Examples before question:
* My AVGO purchase was a bet on Hock Tan being a uniquely savvy practitioner of **Tech PE**, a category that wasn't a category back then
* My bet to double down rather than scale out of GOOG when Larry Page took over for the 'adult' (Eric Schmidt) was the fact that Larry is not afraid to take bets no one else will take - and win
* META despite its ups and downs is my bet that there is no more dangeruous animal than Zuck when cornered - think what you may about his morality
* My change of mind about AMD from a perennial loser came with seeing Lisa Su operate and reframe their strategy as something other than a death match with Intel
I've found the value of this approach esp in markets with spiky product cycles to be that you get great opportunities to scale in on the stock, because the market keeps revising its short-term thesis, and offers multiple entry opportunities when a market transition casts the company in an unfavorable light.
**My question is this** \- has anyone on the group used this strategy successfully? And who do you think are emerging leaders who you'd bet on for the next 10 yrs (looking esp for leaders in Biotech, Energy and Material Science - AI is pretty mature at this point).
**What my question is explicitly not** \- debating this approach vs alternative (e.g. technical, fundamental, macro).