Top Traders Unplugged

TTU145: All In on Trend Following ft. Jerry Parker, Founder of Chesapeake Capital

Jul 31, 2023
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ANECDOTE

Turtle Status

  • Jerry Parker struggled to get meetings on Wall Street initially.
  • Mentioning his "turtle" status, referencing Richard Dennis's program, instantly opened doors.
INSIGHT

Strict Adherence

  • Jerry Parker adhered more strictly to trend following than other turtles.
  • He emphasizes the philosophical and mathematical foundations of the turtle program.
ANECDOTE

Experimentation and Reversal

  • After 10 years of success, Chesapeake experimented with profit objectives and dynamic position sizing.
  • This led to unexpected poor performance, prompting a return to classic trend following.
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