When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.
In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.
I enjoy the hunt much more than the 'good life' after the victory.
You learn in this business: It you want a friend, get a dog.
I'm a cynic about corporate democracy and boards.