Anger On Top of Anger
Some recent feedback:
But you are out of your league here, Covel. I’ve got an office full of traders, for one of the top hedge funds in the country, laughing at you over here on their coffee break because you are so out of your league in this discussion on statistics. Our CEO and founder agrees with us, and you have his name on your website. I’d be careful to publicly disagree and post your [incorrect] opinions on your blog until you are certain you are correct about something…Statistically, it is a certainty i am right — that there is no proof these surviving trend following managers are not just black swans who dodged bullets well enough to stay alive.
That is feedback from a man who subscribes to the million monkey theorem. His view? All trend following traders with success are simply lucky. I asked if that applied to everything in life? Microsoft, Google, etc. I asked if that applied to other styles of trading beyond trend following? I asked if it applied to his firm (which I don’t know the name of)? He did not answer.
