Trend Following Black Box Descriptions Never End

Josh Charlson, director of alternative-strategies research at Morningstar:

“It’s [Trend Following] a little bit of a black-box approach: We can understand the contours of it, but it’s not easy to see all the inside mechanisms.”

In 2016 those referring to trend following as black-box should be [blank].

Blackbox Mindlessness
Black-box Mindlessness

---
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.