There has been a wide cross section of positive endorsements for Trend Following since the late April 2004 release. However, Victor Niederhoffer’s negative review may be the best endorsement yet.
Why is his negative review positive?
1.) Niederhoffer does not believe Trend Following works. He felt this way (and stated so) long before Trend Following hit the shelves. He ignores all performance data of all trend followers for the last 30 years — and continues to draw the conclusion that trend following trading is “horoscope reading”.
2.) Niederhoffer’s review appears to be a response to pages 136-139 of Trend Following. These pages cast a less than positive light on his trading technique.
