Top Traders Unplugged31 Heinä 2023

TTU145: All In on Trend Following ft. Jerry Parker, Founder of Chesapeake Capital

Jerry Parker, Founder of Chesapeake Capital is perhaps the most successful of the famous group of Turtles, and today we discuss what he has learned from his 40+ years love affair with Trend Following, and how he has evolved his CTA program. We debate the challenges of using the Sharpe Ratio and what improvement really look like, how he uses volatility in his trend following process and the conflicts that can arise when working with clients. We also find out why Jerry believes you can be a good manager without using stops even if this is not how he does it, why he believes in trend following plus nothing, why he felt he had no choice than to launch an ETF with that name and much more.

-----

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

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Alan on Twitter.

Learn more about Chesapeake Capital.

Episode Timestamps:

02:58 - Introduction to Chesapeake Capital

07:02 - Jerry's key trend following learnings

12:54 - Jerry's investment philosophy

17:02 - Being evolutionary without too much tinkering

22:09 - Advice on running a trend following program

26:48 - Their process for selecting parameters

32:15 - What does an improvement look like...if not a higher Sharpe?

39:25 - The role of volatility in the trend following process

44:41 - The challenges of working with clients

48:51 - What if everyone was a trend follower?

54:21 - Can you be a good manager without using stops?

57:05 - Why are the other firms "wrong"?

01:04:33 - Trend following disagreements

01:06:42 - Excitements for the future

01:08:23 - Thanks for listening

----

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

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(973)

SI421: Taking CTAs Mainstream ft. Andrew Beer

How reliable is 60/40 when stocks and bonds fall together? Andrew Beer joins Niels Kaastrup-Larsen to question the return forecasts and diversification assumptions behind traditional asset allocation....

10 Loka 1h 18min

IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans

In today’s episode we talk with London Business School professor Alex Edmans. He has spoken at Davos, testified in the UK House of Commons and reached millions through his TED Talks. He joins the show...

7 Loka 1h

SI420: The Market Might Be More Fragile Than It Looks ft. Cem Karsan

Alan Dunne is joined by Cem Karsan to examine the forces pushing bond yields higher and why he believes markets are becoming increasingly fragile. Cem argues that refinancing pressures, persistent inf...

2 Loka 1h 4min

TTU153: Why Investors Keep Getting Trend Following Wrong ft. Patrick Welton

Niels Kaastrup-Larsen and Alan Dunne are joined by Welton Investment Corporation founder Patrick Welton to explore what four decades in markets have taught him about trading, risk and managing other p...

30 Syys 1h 6min

SI419: What Happens When AI Starts Building the Portfolio ft. Nick Baltas

Alan Dunne is joined by Nick Baltas to discuss a strong period for trend following and what the latest research says about adapting systematic strategies to changing markets. They examine whether vola...

26 Syys 1h 5min

OI24: Why Power Trading Is 10 Times Crazier Than Crypto ft. Cory Paddock

Moritz Seibert is joined by GBE Energy co-founder Cory Paddock for a look inside the unusual world of proprietary power trading. Cory explains how electricity markets combine weather, physics and econ...

23 Syys 59min

SI418: Why Markets Are More Alive Than We Think ft. Richard Brennan

Niels Kaastrup-Larsen and Richard Brennan explore what the science of complex adaptive systems can teach us about markets and trend following. Drawing on research from the Santa Fe Institute, they exa...

19 Syys 1h 15min

IL53: How Bonds Quietly Built the Modern World ft. Robin Wigglesworth

Today we talk with the editor of the Financial Times’ Alphaville blog, Robin Wigglesworth. Robin is the author of A Fabulous Debt - the Epic Story of How Bonds Built the Modern World. He tells the sto...

16 Syys 1h 3min