The Winton Papers Revisited

David Harding Winton Capital

Feedback in:

“Hi Michael, as you know I love your work and keep buying copies of your books for friends, family and clients. I know you say that persistence pays off and I am working hard on implementing trend following in my business and also in my investing life. I have been trying to hunt down those Winton Papers that Mr. Harding gifted to you. In Australia [name] has a Managed Account with Winton that they allow retail investors to invest in, so we have started placing client monies with Winton. I have had a number of clients call in happy that Winton and Aspect made 10% last year when Aussie equities dropped 10%. I have asked all the [name] associated with Winton if they have seen [The Winton Papers]. No such luck. This morning I attended a presentation where Winton was one of the managers. As usual Winton was last so I had to listen to two other fund managers explain how great they were even though their 5-year returns were negative (both fundamentalists). Winton was represented directly by staff. One was [name], who is a wonderful lady who had just started. I have spoken to her previously…and had inquired if she had seen the papers. She came back questioning if the “The Winton Papers” were a figment of my imagination. More importantly, employee number [blank] at Winton (that was used in his intro) was [name]. He managed to confirm that yes they existed (which I already knew; see your blog 2010/11/06), however, he did not have a copy. So I guess what I am asking is there any chance you have a soft copy of the papers? Or would you like to sell your copy? Or maybe I could rent them for a period of time? Anyways hope business and family are going well. Thanks in advance. Kind regards, [name]”

Yes, I have a copy of The Winton Papers, but I have not been granted permission to distribute.

Note: David Harding of Winton Capital is profiled in my book The Little Book of Trading. He also appears in my film Broke. He has made $1 billion USD from trend following.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.