Three Must Read Transcripts from PBS:
People wonder where trend followers’ profits come from. They wonder who the losers are. The following 3 transcripts from PBS’ NOVA and Frontline series offer great background:
NOVA: “Trillion Dollar Bet (LTCM)”
Frontline: “The Crash (LTCM)”
Frontline: “Blackout (California & Enron)”
These are as relevant today as ever. Human nature doesn’t change. Trend following wins come from the same places…year after year.
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