TTU145: All In on Trend Following ft. Jerry Parker, Founder of Chesapeake Capital
Jerry Parker, Founder of Chesapeake Capital is perhaps the most successful of the famous group of Turtles, and today we discuss what he has learned from his 40+ years love affair with Trend Following, and how he has evolved his CTA program. We debate the challenges of using the Sharpe Ratio and what improvement really look like, how he uses volatility in his trend following process and the conflicts that can arise when working with clients. We also find out why Jerry believes you can be a good manager without using stops even if this is not how he does it, why he believes in trend following plus nothing, why he felt he had no choice than to launch an ETF with that name 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 Alan on Twitter.Learn more about Chesapeake Capital.Episode Timestamps:02:58 - Introduction to Chesapeake Capital07:02 - Jerry's key trend following learnings12:54 - Jerry's investment philosophy17:02 - Being evolutionary without too much tinkering22:09 - Advice on running a trend following program26:48 - Their process for selecting parameters32:15 - What does an improvement look like...if not a higher Sharpe?39:25 - The role of volatility in the trend following process44:41 - The challenges of working with clients48:51 - What if everyone was a trend follower?54:21 - Can you be a good...