“Hi Michael, I enjoy your updates and information on trend following. Have read your book – congratulations, excellent work. We are an Australian fund manager with a quant and behavioral model which in essence is a trend following system. A value manager that I was speaking to yesterday pointed out this article in the Sydney Morning Herald (PDF) which I thought you may find an interesting read. We were discussing value investing and trend following etc etc. He just didn’t get the point. I had a great belly laugh at the word ‘insidious’ used in this article. Obviously the journalist in question doesn’t quite get it either. Kind Regards, Tony P., QLD Australia.”
Yes, the use of the word ‘insidious’ is quite humorous!