Bestselling Trend Following Book
The bestselling book Trend Following: How Great Traders Make Millions in Up or Down Markets is available.
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For investors willing to engage in some insightful discussion of their core investment philosophy, the book will challenge long-held beliefs. Perhaps the most controversial argument is that Wall Street's great effort of analysis and projections of the future are of little or no use to the serious investor. According to Covel, if the objective is to have a defined strategy to put capital to work for a profit, then investors are traders and the difference is more than a parsing of semantics...Investment books that have a lasting appeal offer insight that resonates with a large number of investors. We believe Michael Covel's Trend Following will be such a book. Importantly, Covel makes the case that investors are likely to benefit from having a portion of their portfolio invested in a non-traditional approach that adapts to whatever stock or asset class is exhibiting definable trends. While this 'trader' mentality may strike some as inappropriate, this approach is becoming modus operandi for some of the most sophisticated and successful long-term investors.
Richard E. Cripps, CFA
Legg Mason Chief Market Strategist | Read Review (PDF)
Please read [Trend Following] whether you think you have an interest in trend following or are not quite sure. I guarantee you will be happy that you took the time. It, of course, covers how trend following works, how it's done, and who can do it, and it doesn't beat around the bush with generalities. But, on top of that, it really delves into the human nature of inventors and traders like I've seen few books do well, and that alone will make it worth the read...Once you begin reading the book, if you have a choice, I bet you will put it down only for meals and bathroom breaks. It's that well done...Again, get this book. Covel has hit a homerun with it.
Gail Osten, Editor-in-Chief
Stocks, Futures & Options Magazine September 2004 Book Review | Read Review (PDF)
