Since 1974 Bill Dunn has thrived:
That chart is reality. I am no agent for Dunn, but the informational value in that chart could make a semester of finance at the local university. So much trend following insight can be gleaned from his efforts of almost 40 years trading.
On the other hand JPM makes money every day. JPM is real for today, but we all know the next Black Swan is circling looking to land. Looking to wash away the easy money strategies.