Top Traders Unplugged21 Jan 2023

SI227: Trend Following in an Uncertain World ft. Richard Brennan

Richard Brennan joins us for a weekly conversation on Trend Following, where we reflect on the new TopTradersUnplugged mini series and how the beginning of 2023 has been so far. We also take questions from listeners regarding backtesting methods and how Richard uses backtesting to manage risk, rather than predict expected returns. Additionally, we discuss why trend followers should be more aware of uncertainty and outliers, why Richard is a tail hunter and why he compares it to surfing, how Richard deals with change and the importance of understanding the natural cycle of transitions and stable regimes, complex adaptive systems, why everything ultimately moves towards an equilibrium condition where everything stops and how it can be corrected through math, the importance of understanding how a system operates before applying math and that everything is process driven, how Richard thinks of risk in an uncertain world and much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Send your questions to info@toptradersunplugged.com

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Episode TimeStamps:

02:34 - Thoughts on new mini series

09:46 - Battleship still floating?

11:56 - Q1, Markus: Richard's biggest takeaways in his backtesting

18:12 - Q2, Tim: About inconsistencies in the selection process

31:27 - Uncertainty rather than certainty

49:38 - Why not focus on other trends?

56:44 - Outliers - features of liquid markets?

01:03:28 - Everything is a process

01:12:21 - Managing risk in an uncertain world

01:21:24 - Thanks for listening

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

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