The Turtle Memo to “Cut Back” « Michael Covel: Trend Following Manifesto

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The Turtle Memo to “Cut Back”

Book News | October 27th, 2007

One of the interesting aspects of the Turtle program was the research completed by four Turtles during the program. They figured out that the rules given to them were too “hot”. Here (PDF) is the memo telling them to cut back.

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