"As anyone what has read my book would know, I don't have a continuous
track record since I took almost 13 years off from trading and even now
don't spend all of my time on trading. I wasn't even planning on writing
a book on trading until the publisher approached me and asked if I would
be interested in writing one. Trading does not hold my interest enough
to devote my life to it, that is why I retired from trading for so long.
I don't believe that any particular industry can hold my interest
permanently. I derive too much enjoyment from learning new things to
spend sufficient time in the trading industry to build a company from
scratch. I have twice in the past unsuccessfully tried to partner with
others to run funds and get back into managing other people's money. As
anyone who has been successful will tell you running a fund is not about
trading, it is much more about solid operations, selling and marketing,
so unless asame page and all competent in those respective areas a
partnership won't work. I have since decided that I won't be managing
other peoples money unless I can find some partners that have already
been successful operating and marketing a hedge fund. The industry is
too competitive to expect that a new fund has a high percentage of
success if the management does not have considerable marketing and
operating experience in a hedge fund. My own trading has diverged
considerably from the Turtle days. I find that swing trading fits my
personality better since I can put on positions for a few days and then
leave to go do something else for a few weeks or months and not have to
worry about managing any positions. For example, I will be traveling to
New York, Boston, Europe over the next few months to work on a) a press
tour for my book, b) the Trading Blox User's Conference, and c) some new
startup ideas for an internet music record label. Additionally, I am
going to spend the months of July and August in New Hampshire
volunteering for the Barack Obama campaign. This would all be pretty
hard to do if I had to watch over a global portfolio of long-term
trend-following positions."
Curtis Faith 04-23-07 12:15 PM