Jerry Parker

Jerry Parker, a veteran trend-following investor and original Turtle Trader, shares insights from his extensive trading career. He discusses the evolution from short-term to long-term trend systems and how psychology plays a crucial role in trading success. Jerry emphasizes the importance of diversification across markets, including crypto, to create robust strategies. He also highlights the significance of risk management and why trend following is essential for a balanced portfolio, offering timeless wisdom on embracing discomfort in investing.

Jerry Parker, CEO of Chesapeake Holding Company, joins Meb to discuss their new ETF, MFUT, based on trend following strategies in various assets. They highlight the importance of capturing big trends, following rules, and the benefits of trend following in a portfolio. Excitement about ETFs, the future of managed futures, and exploring alternative strategies like managed futures when the S&P trend ends are also discussed.

In this engaging discussion, trend following experts Jerry Parker, a Turtle Trader with deep roots in systematic practice, and Mike Melissinos, a volatility management pro, explore the complexities of trading through John Boyd’s OODA Loop. They emphasize the discomfort inherent in trend following and the necessity of embracing losses to catch substantial gains. Delving into the cultural contrasts between trend followers and traditional finance, they discuss risk perceptions, the importance of behavior over emotions, and why a 40% win rate can still yield success.

Renowned investors including Guy Spier, Rob Arnott, Michael Mauboussin, Steve Romick, Joel Tillinghast, Cem Karsan, Bob Ellott, and Jerry Parker share their most important investing lessons. Topics covered include self-forgiveness, action, and diversification, the importance of knowledge and flexibility, avoiding natural investing mistakes, analyzing the truth and geopolitics, investing in real opportunities, thorough homework and independent research, the significance of rebalancing, finding your investing philosophy, understanding the importance of perspective, the importance of price confirmation and having an open mind, maximizing contributions to retirement accounts, and teaching children about investing.

Guest Jerry Parker, founder of Chesapeake Capital, discusses his trend following approach, problems with the 60-40 portfolio, building a trend following strategy, charitable giving, leaving money to children, and more.