Chapter 4. Big Events in Trend Following


“I have noticed that everyone who ever told me that the markets are efficient is poor.”

 --Larry Hite, Mint Investment Management Company

“Rare events are always unexpected, otherwise they would not occur.”

 --Nassim Taleb[1]

To comprehend Trend Following’s impact, you have to look at the performance data of great trend followers to understand why they were the winners in some of the biggest trading events of our generation. This chapter focuses on high profile trading events where trend followers won huge profits in the zero-sum game.


An investment in DUNN acts as a hedge against unpredictable market crises.

 --Dunn Capital Management Marketing Materials

Wall Street is famous for events, such as corporate ...

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