A good traveler has no fixed plansand is not intent on arriving.1

Mutual funds, brokers, financial news, big banks, and 23-year-old AP finance writers fresh out of journalism school, the ones who literally make up the fundamental news and predictions daily, have all been a massive sham, wittingly or unwittingly, and to say that puts a .30-06 bullseye figuratively between my eyes.

Provoke reactions. Cause some to whine. Yes, that’s what I do. Here are some friends:

• The [trend following] field is marked by unsubstantiated claims of success; a track record of failure and associated rationalizations; a lack of peer reviewed studies showing any positive results; and a collection of logical, mathematical and statistical fallacies. Although ...

Get Trading the Trend (Collection) now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.