Changes in Trends and the Importance of Sector Weight in Trend Following Strategies

On today’s show I am talking to Mike Dever, the Founder and CEO of Brandywine Asset Management.  Mike is a Divergent Thinking Systematic Investment Manager and Author of the best selling book “Jackass Investing”. Mike has been trading for almost 4 decades and shares a wealth of insight to how he has stayed successful and how his trading approach and research has stayed current in an ever changing financial landscape.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

• The Evolution of Mike’s Trading
• How Mike almost got in to business with Richard Donchian
• How they developed a systematic trading model in the 1980s
• How Mike met and invested with Paul Tudor Jones, John W. Henry and was the first outside investor in Transtrend
• How Mike went from being a discretionary trader to become fully systematic when launching the Benchmark Program, and Why
• About the experience of running the Brandywine Benchmark Program in in the ‘90s
• How Mike discovered the importance of Portfolio Allocation in the 1980s
• The Story of Developing the Predictive Diversification Portfolio Allocation Model
• The Entrepreneurial Storm that Kept Mike away from Trading and Brandywine for Years
• The story of developing the Brandywine Symphony Program
• How many people it takes to run a system with more than 1,000 strategy/market combinations
• Exploring the track record of Brandywine Symphony Program
• Why one should avoid making decisions based on single return drivers
• 5 Themes in Brandywine’s Asset Allocation Strategy: Fundamental, Sentiment, Event, Arbitrage and Alpha Hedge
• How Marginal Cost of Production Works as a Return Driver
• Are the strategies from the 1980’s just as effective today?
• What is directional arbitrage?

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Resources & Links Mentioned in this Episode:

• Jackass Investing by Mike Dever
• Learn about Richard Donchian the Grandfather of Trend Following
• Learn about Poul Tudor Jones of Robin Hood Foundation
• Learn about John W. Henry

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Send your questions to info@toptradersunplugged.com

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

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