First time visitor? Click here. | Login | Register

Send to Friend

FromTo

Captcha
This question is used to make sure you are a human visitor and to prevent spam submissions.
Copy the characters (respecting upper/lower case) from the image.

Send to Friend from TurtleTrader

Baseball, Billy Beane and Trend Following. What Do The Oakland A's Know?

Michael Covel (March 29, 2005)

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.

amazon.com

Complete TurtleTrader
Order now!

The Complete Turtle story. Legend, lessons & results.

amazon.com

Trend Following
Order now!

Now available: the new expanded edition. Order online today.

Get started

If you would like to find articles by category simply choose from the list below.

  • Market Wizards Jim Simons

    The advantage scientists bring into the game is less their mathematical or computational skills than their ability to think scientifically. They are less likely to accept an apparent winning strategy that might be a mere statistical fluke. (Read more)

Meet Michael Covel

Blog | Read bio