Richard Brennan, an expert in adaptive models, discusses navigating uncertainty in global markets. He dives into the alarming decline of fertility rates, linking it to economic pressures and environmental issues. The conversation emphasizes the limitations of traditional risk management and advocates for adaptive strategies that prioritize resilience. Brennan also explores the parallels between weather forecasting and market unpredictability, arguing for a nuanced approach to investment that balances adaptability with performance. This holistic look at chaos in finance and society is both eye-opening and essential.

Richard Brennan, an expert in volatility and investor behavior, shares insights on the recent market turbulence, comparing it to airplane turbulence as a metaphor for volatility. He argues against the reliance on backtesting for predicting future performance, advocating for more realistic expectations of risk and returns. The conversation highlights how human behavior influences price movements and discusses the role of trend followers in this dynamic. Brennan also addresses the benefits of including highly correlated assets in trend-following portfolios.

In this session, Richard Brennan, a seasoned trend follower who prioritizes processes over predictions, dives deep into the current market uncertainties shaping investor sentiment. He discusses the critical role of trend-following strategies amidst evolving financial landscapes and the challenges of predictive limitations in dynamic markets. Brennan also connects philosophical ideas to trading, emphasizing the significance of understanding complex adaptive systems and the interplay of technology and global dynamics, urging a disciplined approach in trading.

Learn how to outperform benchmarks in investing, the benefits of trend following strategies, system diversification for better performance, and the importance of risk management in trading. Dive into the world of portfolio building and the value of diversified trend following systems in achieving long-term success.

Richard Brennan discusses the uncertainty in the economy, absolute momentum, and how complex systems function. The podcast explores correlation in system design, trading chaotic financial markets, and the calculation of risk in complex systems.

Richard Brennan joins us for a weekly conversation on Trend Following, where we reflect on the new TopTradersUnplugged mini series and how the beginning of 2023 has been so far. We also take questions from listeners regarding backtesting methods and how Richard uses backtesting to manage risk, rather than predict expected returns. Additionally, we discuss why trend followers should be more aware of uncertainty and outliers, why Richard is a tail hunter and why he compares it to surfing, how Richard deals with change and the importance of understanding the natural cycle of transitions and stable regimes, complex adaptive systems, why everything ultimately moves towards an equilibrium condition where everything stops and how it can be corrected through math, the importance of understanding how a system operates before applying math and that everything is process driven, how Richard thinks of risk in an uncertain world and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:02:34 - Thoughts on new mini series09:46 - Battleship still floating?11:56 - Q1, Markus: Richard's biggest takeaways in his backtesting 18:12 - Q2, Tim: About inconsistencies in the selection process31:27 - Uncertainty rather than certainty49:38 - Why not focus on other trends?56:44 - Outliers - features of liquid markets?01:03:28 - Everything is a process01:12:21 - Managing risk in an uncertain world01:21:24 - Thanks for listeningCopyright © 2024 – CMC AG – All Rights Reserved----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 Here2. 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 Here3. Other Resources that can help youAnd 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 HerePrivacy PolicyDisclaimer

My guest today is Richard Brennan, a trader, risk manager and fund compliance professional. Given his leaning towards the quantifiable and verifiable, Richard is a strong advocate for systematic and diversified trading styles that avoid the need for discretionary decision making. He’s based in Australia. The topic is Trend Following. In this episode of Trend Following Radio we discuss: COVID-19 pandemic in Australia COVID-19 vaccines About Richard Brennan Trend Following Book Dunn Capital Track Record TurtleTrader Trading Story Trend Following Performance Bill Dunn and Martin Bergin Jerry Parker Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Expert in trend following strategies, Richard Brennan, discusses finding optimal trend rules, market regimes, Markov models, and AI's impact on trading competitiveness. Topics include industry performance updates, using ATR for position sizing, optimizing rules in different market regimes, skepticism in fund performance, and exploring future trend episodes.

Richard Brennan, an expert in trend following strategies, discusses the intricate connection between market behavior and complex adaptive systems. He highlights how unpredictable events, like hurricanes, impact investor dynamics and the effectiveness of trend-following strategies. The conversation delves into risk management, diversification techniques, and the significance of outliers in markets. Brennan emphasizes the importance of adapting to constantly changing signals and the intricate balance within financial ecosystems, making a case for informed, long-term investment approaches.

Industry expert Richard Brennan challenges traditional trend following strategies, advocating for a simpler narrative. Topics include optimal trend allocation, fiduciary responsibilities, evolving industry trends, marketing challenges, and the impact of crises on the economy. The podcast explores the ethical considerations of trend following, innovative portfolio strategies, and the importance of maintaining uniqueness for exceptional performance.