Brian Higgins
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Brian Higgins embodies The Navigator through continuous course-correction rather than static conviction. The King Street Capital Management co-founder converts adversarial short positions into long-term holdings only after exhaustive reconnaissance, treating knowledge as risk reduction within what he calls a moving picture. His self-described paranoid insecurity is the archetype's engine, keeping him perpetually scanning shifting terrain for the blind spots that others never think to check.
“Many of our biggest longs start out as shorts. Initially there's always the — we could sit there a bit of time and it could be expensive carrying shorts, so you have to be mindful of that. It does enable us to have done a fair amount of work in advance.”
“Knowledge reduces risk because this is a moving picture, not a still life photograph. There are many different variables that happen through a business, through a cycle, through a lifetime owning an investment, and markets change.”
“Paranoid insecurity: did I do enough work? Does someone else know what can happen that I'm not seeing? It keeps that drive to continue to ask those questions.”
Masters in Business: “King Street's Brian Higgins On Navigating Distressed Markets”
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