May 18, 2006
The trend is your friend. Good advice.
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." Charles Darwin
Let's take this apart in a financial sense:
It is not the strongest - YOU DO NOT NEED THE MOST MONEY OR BIGGEST BALLS
Nor the most intelligent - YOU DO NOT NEED TO FIND TOPS OR BOTTOMS
Most responsive to change - DON"T BE A PIGHEADED, HOG and LIVE TO FIGHT ANOTHER DAY
Darwin believed in Trend Following. If he was a money manager, he would have had a great long-term track record!