The Intensity of Uncertainty

Glen, i think trend following is an attempt to fight against the lack of knowledge and uncertainty. When we talk about intensity, we'll say that the level of uncertainty associated with that topic changes. In a simple world of uncertainty, thereis a single path, you say, we know exactly where the world is going or but there may be some, you know, sort of bounds around that. Theres another level, or second level of uncertainty is is that, well, we know that there could be a good path or a bad path, that there is two paths. And then we get into higher levels of uncertainty,. There could be three or four levels or the tha we can't

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