SI178: Value Investing vs Trend Following ft. Jerry Parker

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Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging Conversations with the Top Traders & Investors

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Jerry Parker joins us today to discuss the importance of hanging on to your outlier winners, value investing versus trend following, the optimum number of entry & signals per trade, the need to redefine ‘safe assets’, Jerry & Richard Brennans’ thoughts on Howard Marks’ remarks about Trend Following, risk parity within a Trend Following portfolio, the unpredictability of endogenous outliers, and deconstructing the old narrative that ‘Trend Following is dead’. ---- In this episode, we discuss: Letting winners run and cutting losses early Using 1 entry signal and 1 exit signal per trade versus multiple signals Redefining what are typically known as ‘safe assets’ Howard Marks’ opinion on following price Achieving effective risk parity within a portfolio How endogenous outliers are hard to predict Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Jerry on https://my.captivate.fm/@RJParkerJr09 (Twitter). ---- Episode TimeStamps: 00:00 – Intro 01:44 – Macro recap from Niels 05:24 – Weekly review of performance 11:51 – Jerry & Rich’s thoughts on Howard Mark’s opinion of Trend Following 24:46 – Why exit rules might be harder to create than entry rules 43:45 – Risk parity within a Trend Following portfolio 51:03 – The unpredictability of endogenous outliers 01:10:08 – The old narrative that ‘Trend Following is dead’ 01:13:54 – Benchmark performance update 01:15:01 A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 4. Other Resources that can help you And if you are hungry for more great resources from the trend following word...check out some precious resources that I have found over the years to be really valuable....