
Approaching the world logically with great discipline is not only the world of Trend Followers. The following excerpts are from a New Yorker article by James Surowiecki:
Even if you set aside the accounting scams and the free palaces for C.E.O.s, these last few years would rate as some of the most dismal in the annals of corporate leadership. Intoxicated by cheap money, executives squandered hundreds of billions of dollars on doomed mergers, vacant dot-com warehouses, and thousands of miles of useless fibre-optic cable. Now their rickety empires are falling to pieces.
Billy Beane followed a different path. Beane was frugal, Beane was shrewd. In three short years, he turned a stumbling outfit into a profitable enterprise that is the pride of its industry. If he hasn't been recognized as one of the most successful executives in America, it's only because his business isn't derivatives or microchips. It's baseball.
TurtleTrader comment: Shrewd and frugal are words that could easily describe some great trend traders. We recently heard from an over-excited European day trader who described trend following as too boring. He said they were like long-haul truckers, but he only wanted to drive a Porsche. Ask yourself, what is your goal? Do you want to make money or drive fast? It is a choice. Everybody gets what they want.