Trend Following in New York
I finished an interview today with a trend follower based in New York City. He has been at it for 30 years. His firm, like my recent Caribbean interview, also manages over $1 billion in client capital. In a wide-ranging conversation about trend following’s lack of acceptance in some quarters, he pointed out that for many people “investing with skill” is hard to understand. Trend following is a skill. You can learn that skill or you can hire a trader who has the skill. But either way skill does matter when you are aiming to beat market averages. More to come in the near future…
