“The environment firmed not because markets rose, but because they stopped diverging.” Trend Following Weekly Report A hotter-than-expected May jobs report landed on Friday and turned a quiet tape into a broad risk-off reversal. With payrolls well above forecast and...
If one program beats Berkshire on drawdown-adjusted compounding, it might be luck. If seventeen do, using different models, in different countries, across different decades, it is evidence of something deeper than skill. PREVIOUS: THE GEOMETRY OF WEALTH | Episode 10...
