I get critics with agendas every so often. They are always sure that they have found the “hole” in trend following. Here is one. My response:
Geetesh Bhardwaj has no idea what he is talking about when it comes to trend following trading — regardless of how many degrees and awards are scotch-taped to his wall. Readers should know that Bhardwaj was a financial analyst for AIG. How much more needs to be said? AIG was one of the biggest scams to EVER hit the United States of America. We are all currently paying for the con artists and thieves who worked for AIG.
Trust me I know where I step and who I step on with my bringing the existence of trend following to a wider audience. Nearly the entire academic community, one built around efficient markets and fundamental analysis, can’t afford to have trend following be profitable. For if trend following exists, and it is profitable, people like Bhardwaj have no influence and no job.
Readers have a choice: examine the trend following performance histories of professional trend following traders going back decades OR listen to the opinions of the ivory tower elite whose primary job is to crank out academic waste product bought and paid for by the likes of AIG and Vanguard. Bottom line, if I don’t receive criticism from empty suits and college town professors tenured till death, I am not doing my job.