Conventional wisdom tells leaders to avoid hiring “job hoppers,” assuming frequent movers are unreliable and unlikely to stay. In a new study, however, researchers analyzed the employment histories and performance of 8,693 U.S. hedge fund managers across 2,129 firms over 15 years, and found that job-hoppers had a strategic skillset: While most employees experienced an initial performance dip when joining a new firm, those with four or more prior moves rebounded significantly faster—recovering to baseline in about two months, versus five for less-mobile peers. Their edge is not superior technical skill, but practiced adaptability: quickly reading culture, forming relationships, and navigating unwritten rules. Leaders should treat prior mobility as a potential asset, especially in high-change, collaborative, or culture-heavy contexts.