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].

Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course