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Part I > Great Trend Followers

Chapter 2. Great Trend Followers

“Most of us don’t have the discipline to stay focused on a single goal for five, ten, or twenty years, giving up everything to bring it off, but that’s what’s necessary to become an Olympic champion, a world class surgeon, or a Kirov ballerina. Even then, of course, it may be all in vain. You may make a single mistake that wipes out all the work. It may ruin the sweet, lovable self you were at seventeen. That old adage is true: You can do anything in life, you just can’t do everything. That’s what Bacon meant when said a wife and children were hostages to fortune. If you put them first, you probably won’t run the three-and-a-half-minute-mile, make your first $10 million, write the great American novel, or go around the world on a motorcycle. Such goals take complete dedication.”

Jim Rogers[1]

The best way to understand Trend Following is not by only reading formulas that make up the strategy, but by meeting the men and women who use it. Investors today are reluctant to concede that they might do better when it comes to their finances with some mentoring or guidance. While they will sign up for a cooking course, they won’t take advantage of the wisdom of either their predecessors or their peers about money. They prefer “reinventing the wheel” to modeling their behavior after proven excellence. However, since we consider role modeling to be critical to learning, this chapter profiles excellent trend followers.


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