$100 invested in January 2000 with F22, a simple rule for choosing five trend followers each year, would have grown to $2,347 by August 2026 in our simulation. The same $100 in the SG Trend Index grew to $434, in...
How different ways of choosing trend following programs have performed over time Data through August 2026. Edition date 26 October 2026. The study uses reported returns for programs classified in NilssonHedge as Type CTA, Style Systematic and Strategy Trend Following....
Every Outlier Begins Somewhere The Foundations Series: Ten Essays on What Systematic Trend Following Rests On Watch the Episode SERIES OVERVIEW There is a moment in every serious trader’s education when the accumulation of information stops and understanding begins. The...
Three Books, One Question Markets. Systems. Reality. Why I wrote a trilogy, and why the three books are meant to be read as one. There is more order in the world than there should be. I noticed it first in...
How different ways of choosing trend following programs have performed over time Data through July 2026. Edition date 27 September 2026. The study uses reported returns for programs classified in NilssonHedge as Type CTA, Style Systematic and Strategy Trend Following....
Listen to the full episode: Why Markets Are More Alive Than We Think ft. Richard Brennan Niels and I began this conversation in a crowded bar in Santa Fe. Not literally. The bar was El Farol, famous locally for its...
Out of Equilibrium The Santa Fe Revolution That’s Reshaping Finance Watch the Episode SERIES OVERVIEW Why do trends exist? For a trend follower, this is the fundamental question. For decades, much of mainstream financial theory struggled to explain why persistent...
There is a question that has tormented philosophers for centuries. Leibniz asked it. Heidegger called it the fundamental question of metaphysics. It still appears in late-night conversations, usually when the room has fallen quiet and someone has strayed a little...
The Programme, Complete Seven components. One integrated system. A synthesis of the System Anatomy Series: what each episode argued, how the components depend on one another, and why the intelligence was never in any single rule. Previous: System Anatomy 7:...
Execution and Process The architecture only exists in the real world if we actually execute it. Previous: System Anatomy 6: Rollover Mechanics | Next: Synopsis: The Programme, Complete A circuit breaker does not make the electrical system work. Most of...
