Trend Follower John Henry Assets Drop 80% In Year!!!

Quote from marketsurfer:

trend following is a severely flawed methodology, even in the face of overwhelming evidence, the true believers still point to the black swan survivors as proof--- sounds more like a cult or marketing tactic than a trading method.

surf
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Why are you so jealous of JWH ? You take shots at him any chance you get, but then you worship a guy who imploded like VN. At least JWH didnt burn all his investors and have to sell of his own assets to meet obligations. . At the end of the day...JWH is a legend...and a mighty rich one at that.

You should really worry about your own trading as your trades in the indexes have been pitiful.
 
Quote from marketsurfer:

I find the last paragraph where JWH explains the situation as a dearth of long term trends as an excuse most telling.

look at any charts of the assets JWH trades--- sure "looks" like substantial trends in these markets. Obviously, trend following is nothing more than guessing direction, holding and hoping.

JWH can't find the trend with all his resources, money and access----- even though these "trends" are very clear in hindsight.

The myth continues......


surf
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I have to agree. It is not as if commodities have chopped in a tight range for years on end. Indeed, there have been some significant trends in recent years in gold, crude, natural gas, currencies, and stock indices (global), to name a few.

For some reason JWH, Dunn, and others have not taken advantage.
 
scriabinop23


ur post makes no sense...i've seen all of them rally in the last couple years (while hes down 35+%)

trend following = buy when breakout or buy when MA's cross over or buy when trading above 50 day MA ...etc ...etc

lot of markets doin that...and hes losing money

i can understand in 2002-2004 with no market trends
but last 2 yrs...BIG PICTURE ..is just up up up (bid deal we had some little hiccups...stuff doesnt go up forever)

EUR/$, china, latin america, sp's , russel, etc

and your argument for him being too big...well..if hes too big..maybe he shouldnt be in those losing positions hes in either

my argument is..if he says hes trend following in his offering memorandum to investores ..then hes OBVIOUSLY lying to his investors...cause hes on the wrong side of some major trends of the last year and change
 
Quote from Rodney King:



.. "Forced" into trading markets disadvantageous to their customers? "Forced" to skip markets that would benefit their customers?.. How exactly is excessive size (ie, feepiggery) "forced" upon a fund manager? [/B]
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:D :D

feepiggery--- i sense a wikipedia entry coming soon!

:D :D
 
Quote from Pa(b)st Prime:

I suggest you read Kovner's interview in the first Schwager book.

I don't know whether to laugh or cry. My friend, I participated in one of the interviews with Jack Schwager that was included in the book.. Do you suppose I need you to tell me to go read the book? Have you ever even met Schwager? Yeesh.
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John Henry was in trouble years ago and the fact he went to Tony Robbins for advice was so "telling". Henry thought he himself was the problem, when in fact it was his approach. His recent results (past 3 years) confirm this.

Bottomline: a shrink won't help you if you are trading with a systematic methodology.
 
Quote from syswizard:

John Henry was in trouble years ago and the fact he went to Tony Robbins for advice was so "telling". Henry thought he himself was the problem, when in fact it was his approach. His recent results (past 3 years) confirm this.

Bottomline: a shrink won't help you if you are trading with a systematic methodology.
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very interesting and telling. let's hope JWH went to Robbins for personal issues and not trading issues---your post makes me think its trading issues. what's the source of this information?

thanks!

surf
 
Quote from marketsurfer:

hi jem,

are you saying due to size??

thanks,

surf
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yes and also a few years ago, I wrote a post about the fact i could get a pretty good idea about what my managers were doing based on the returns. particular if they were trend followers and only a few markets would have qualified.

I suspect that there are now a few funds that place a little money with these large guys and then use the majority of their fund to front run and or fade depending on their size.

What else would be a better way to use a data mining program and some customer money.

By the way if anyone wants to hire me I have other ideas as well.
 
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