Trend Following Feedback Email with Q&A

Feedback in:

Hi Michael,

Lots to say, but I’ll try to keep it succinct.

1. Your podcast: Thank you for all the work you put into this. I look forward to each episode, and I really enjoy the variety of topics and guests you bring to your listeners.

2. New book: Congratulations on already hitting #1 on Amazon! I received my copy last week, and began first by scanning all the wonderful quotes you’ve placed along the side margins. Obviously a lot of work went into this expanded and updated version, so I’m wondering… would you consider doing a special podcast episode (or perhaps post something on your website) along the lines of a “study guide” for your readers?

3. Your life: I’d be very interested to learn why you decided to relocate to SE Asia (your primary residence is in Vietnam I believe?), how it’s been for you as a American (?) making his home in another country, the good points and bad points of life in that part of the world, and advice for others contemplating a move. Have you ever done a podcast about this?

Thank you again for all the work you put into the podcasts — they actually make me look forward to my commute!

[Name]
Redwood City, CA

Study guide? Not yet. 700 pages in the new edition. I need a break! On other fronts I have talked about my “living” on the podcast a lot, but can’t direct you to one comprehensive episode. Maybe I will do that soon. Good idea.

“Your passion for [trading] definitely comes across in your work…”

Feedback in:

Hey Michael,

Just sending a quick note to let you know I’m really enjoying the podcast. Most recently the Tesla Dreams episode, but still working my way through all of it.

I’m finding a lot of value in your perspective, breaking away from crowd-think, and having a healthy distrust for the system/government, etc. I always feel some sort of mental growth, if that describes it properly, after one of your monologues.

Also currently reading ‘The Litte Book of Trading’ and enjoying it so far.

Anyway – thank you for continuing to put out the great content! Your passion for it definitely comes across in your work, which is why I’d imagine it’s received so well.

Cheers,
[Name]

Thanks!

“My book shelves are creaking…”

Feedback in:

Dear Michael:

After many years in banking and by way of industry compliance regulation limited in what I can actually do with my money (I had already become very disillusioned with buy and hold “investing” only) I decided to investigate what was possible without loosing my day job. It seemed spot FX was about it. I started to look at trading and it has been the most remarkable journey. I have discovered so much about myself to the point where my wife commented that even my interaction with our two small children (3 & 4 years old) has changed completely. I can just accept what is in front of me and that they are nearly always just being children. No build up of steam! All of the key psychological lessons that are important to being a successful trader are equally important to practice in everyday life. The moment of now, take responsibility, look at what one does and does not control, it goes on.

Although I came to your work (starting with your book Trend Following) after I had already started along this path, you have expanded my horizons well beyond what I would ever have picked up and read without listening to your podcasts. I travel weekly with work, so find time to listen to many of your interviews and then often explore the written works of the interviewees. My book shelves are creaking, so now I need to give up the day job and trade full time, so I have the time to read all the wisdom contained therein.

Thank you for that inspiration.

Kind regards
[Name]

You are welcome!

“It’s not about the strategy–it’s about the human…”

Feedback in:

Good Morning Michael:

Pursuant to your request… “Has trend following changed your life in anyway?”

Enormously. I found your book 10 years ago and began studying it immediately. I had been an investor with multiple paths and little discipline. I am now (and have been for a while) a religious follower of trend following. It is a simple path, a disciplined path, to investing success. After reading the book 5 times I began to model trend following for stocks which I use today.

“Have you made money with trend following? If so, how much? Please be specific. I want to know if you’re taking full advantage of this powerful strategy.”

Yes. With your books I have been able to create a very process oriented approach for both equities and options. The disciplined learned through your writings has allowed me to “clean up” my past “investing” (not sure you can call it that) and get on the profitable road.

“Do you find this strategy difficult to execute?”

No. In my opinion it’s not about the strategy – it’s about the human. You gave me the map.

“Will you continue using this strategy?”

Yes. I am a passionate trend follower and have no intentions of leaving “the flock.”

Michael – Thank you. Your work, writings and passion have changed many lives or helped redirect us from where we were.

Have a great day.

Best,
[Name]

Thanks for the feedback!

Trend Following Feedback

Feedback in:

Hi Michael,

I wanted to take a minute to tell you your podcast is great. I ordered your book, “Trend Following” and received it a couple of days ago. Nice work.

You asked if we started to make money with trend following. First, I should say I made all of my money investing following a value (and often contrarian) philosophy so trend following does not come naturally to me. Still, I started experimenting and developing my own momentum tools (backtesting in Matlab) following some of Meb Fabers ideas and I am getting the hang of this whole buy-high-sell-low thing 🙂 I am taking my time and will go through your book and (and most probably your turtle book) before I decide how I will introduce trend following into my investing framework (I feel lucky as my portfolio is large enough to accommodate partitioning a portion for trend following). I will be sure to let you know how things are going if/when I make the jump.

The only advice I would give is to be careful that the enthusiasm and passion you have for trend following does not come at the cost of denigrating other ways of investing (e.g. fundamental investing a la Stan Druckenmiller) as it may make you seem closed-minded when in fact you really seem extraordinarily curious.

Thanks again for all the great interviews.

Cheers
[Name]

Is Stan a trend follower?

“There is a man I think you should meet…”

Feedback in:

Michael, I play most of your podcast episodes and the one with Susan Peirce Thompson was the first one that I remember that showed your spiritual side. I was impressed. You may agree or not that it was spiritual it doesn’t really matter.

There is a man I think you should meet. His name is Vishen Lakhiani and he has written a book The Code Of The Extraordinary Mind and he has a company called Mind Valley. You might enjoy reading his book and finding out about Mind Valley. A lot of this is available on YouTube. I can see each of you interviewing each other separately.

Let me know what you think
[Name]

Thanks [Name]!

I appreciate all of your support over the years!