Hedge Fund basics: Read (Powerpoint).
Archive for June, 2005
Paul Mulvaney
Posted in Trend Following | Comments Off | Tuesday, June 28th, 2005
A good Q&A with trend follower Paul Mulvaney: Read (PDF).
Face to Face Interviews
Posted in Interviews | Comments Off | Monday, June 27th, 2005
Success and Motivation Part 2
Posted in Psychology | Comments Off | Saturday, June 25th, 2005
I also liked this second take from Mark Cuban on success and motivation (PDF).
Alternative Investments Conference
Posted in Trend Following | Comments Off | Friday, June 24th, 2005
1000 Trend Following Book Order
Posted in Book News | Comments Off | Thursday, June 23rd, 2005
One buyer bought 1000 copies of Trend Following recently. This particular buyer has specialized in the managed money arena for 16 years. While tens of thousands of copies of Trend Following have been sold so far, this is the single largest purchase from a private buyer.
The Oil Factor
Posted in Holy Grails | Comments Off | Thursday, June 23rd, 2005
Crude oil is again trending. How high or low it will go is unknown, but the books targeting “oil profits” abound. One called The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis states that:
Hedge Fund v. CTA
Posted in Trading 101 | Comments Off | Wednesday, June 22nd, 2005
An email arrived today:
“I am just wondering, what is the difference between a hedge fund and a commodity trading advisor?”
Good question. Take a read of a prior blog entry.
Reuters Misses the Point
Posted in Critics | Comments Off | Monday, June 20th, 2005
From Reuters:
“SINGAPORE, June 20 (Reuters) – Oil prices soared to a new record high over $59 a barrel on Monday, extending last week’s surge as a threat against Western consulates in OPEC member Nigeria jolted traders already worried about tight supplies. Oil prices climbed more than 9 percent, or nearly $5, last week, drawing additional buying interest from trend-following hedge funds as they surpassed the previous early April high.”
Trend followers are not pushing the market to $60. They are following a trend.
Art of War
Posted in Psychology | Comments Off | Sunday, June 19th, 2005
The Way We Live Now; See a Bubble?
Posted in Risk Management | Comments Off | Saturday, June 18th, 2005
Roger Lowenstein, who wrote the must read book When Genius Failed: The Rise and Fall of Long-Term Capital Management, offers some recent insight:
“In limiting risk, people also limit the opportunity for gain. It is common, today, for investors to own six or eight mutual funds, each of which is likely to be invested in hundreds of stocks. This will, they hope, assure that no little bump, no little meltdown, overly upsets their portfolios. But since when was investing about avoiding the bumps? Anyone investing for the longer term can safely ignore them.”
The Way We Live Now See a Bubble?
Roger Lowenstein
June 5, 2005
Avoiding the bumps is exactly what trend followers do NOT do. They accept the bumps. Lowenstein continues:
Success and Motivation
Posted in Psychology | Comments Off | Friday, June 17th, 2005
Success and Motivation – You only have to be right once!
Excerpt:
“With every effort, I learned a lot. With every mistake and failure, not only mine, but of those around me, I learned what not to do. I also got to study the success of those I did business with as well. I had more than a healthy dose of fear, and an unlimited amount of hope, and more importantly, no limit on time and effort…The point of all this is that it doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and either should you. All you have to do is learn from them and those around you because…All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.”
Mark Cuban
