Recently, I read three books you have written about Trend following. Primarily, I am a value investor, but your book opened my eyes. Thank God for that. I am not saying value investing does not work but trend following is perhaps more important.
Thank you very much for having written your splendid books and educating me on trend following.
Roger Ver, also known as “Bitcoin Jesus”, started his first company in Silicon Valley while still in college and made his first million before 25. Roger is a libertarian who has dedicated his life to the pursuit of getting individuals to interact outside the state system. He has been a relentless advocate for blockchain currency, pouring all his capital and energy into the startup. Also, Roger is currently working out the details of starting a non-government run country.
Roger began turning away from government while in grade school. He was learning about the military draft in school and the idea of forcing individuals into fighting seemed backwards to him. He had read a book by libertarian Murray N. Rothbard who related the draft to kidnapping and slavery. Roger now defines government as “A small group of people that claim the right to use violence against peaceful people.” There shouldn’t be an exception for government. Other humans do not have the right to take our money or order others to kill people. Why should the government?
Roger is currently starting a non-government run territory. This non-country will have no government, but instead will be run by principles of the Anarcho-Capitalism philosophy. Right now he has over $100 million dollars of private capital committed to this non-country. Money raised will be used to purchase a plot of land for the free society to operate. He has the hope of purchasing other pieces of land and continuing to grow his non-government led society. Michael finishes the conversation asking Roger, “Looking ahead, where do you see things evolving in the next five years? Will there be a rapid adoption of crypto currency? Are we potentially close to that?”
In this episode of Trend Following Radio:
Bitcoin in Tokyo
“At the end of the day, changing hearts and minds is what counts.” – Roger Ver
Michael has audio books for Trend Following (fourth and fifth editions), The Complete TurtleTrader and Trend Commandments. He starts the podcast today playing the afterword to the 5th edition of Trend Following written by Larry Hite. He follows this reading with Stig Ostgaard’s white paper titled “The Origins of Trend Following” first published in Trend Commandments. Michael finishes up the podcast playing a full chapter on psychology from his newest edition of Trend Following.
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Trend following basics: Reminiscences of a Stock Operator by Edwin Lefèvre PDF