“I serendiptitously had Ed Seykota as neighbor…”

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Michael,

I started my career with E.D.&F. Man in NYC in the early 1980’s and later in London. I had the pleasure of meeting Larry Hite & Peter Matthews in New York. They started me on my trend following and quantitative asset management journey.

Between NY and London the Man Group had me work for a while in Hamilton Bermuda. While living on an incredible estate on the South Shore I serendipitously had Ed Seykota as neighbor (he lived in the main house and I lived in the guest house on the old J.P. Morgan estate). Ed was generous with his time, whiskey and cigars and I learned a great deal in the short time we were neighbors.

In London, I was around for those exciting years when Man began its initial expansion into the CTA/AI world. One of its first major acquisitions was of AHL (Adam, Harding and Leuck).

Your book is like a walk down memory lane for me and I wanted to thank you for it!

What strikes me as incredible is just how resistant mainstream institutions remain after over 3 decades of evidence as to the efficacy of trend following and the abject failure of EMT based asset management. I work for a major US Bank/Brokerage/Financial Management Firm of the ‘Too Big to Fail” ilk and the policies it pursues are clearly about managing their “liability” as opposed to managing their clients money in a results oriented manner. Fortunately, I have found a team within this environment that is swimming against the current and has fully embraced trend following to develop strategies for its clients. Our activities are viewed as subversive but are for the most part tolerated…to date.

I look forward to devouring your book and the ammunition it will provide me in my personal mission to help as many innocent investors stuck in the EMT trap!

Best regards,
[Name]

Thanks for the great feedback!