I know it’s from 2020, but believe it or not, I just got around to reading [your] Trend Following book. I’m absolutely obsessed and I’m 29 pages in. 10/10. Possibly my favorite book of all time!
Just wanted to say it was great to see the episode released today and a fantastic job your team have done in cutting it down to be a really engaging and concise chat.
Thank you so much for having both Gareth and myself on and I would love to do a follow up in maybe 6 months or so when I am confident our new offshore fund going live this month will be at circa £100 million AUM with the pipeline we have lined up and the outstanding performance some of the current trends are delivering.
Just sending you a quick email to tell you how much the part of the last Larry Hite podcast resonated with me when the two of you talked about the resistance and negativity you will face from others if you attempt to trade your own money and/or the markets. This is definitely the case. It is a very lonely road to travel on to be a trader. Rewarding too if you are wired to deal with that. But the feeling of isolation will always be there.
People have belief systems that they buy into. And buying into them usually entails leaving no room for any exceptions. And the most common belief system they buy into is that being in the system or part of the matrix and following all the rules in terms of graduating from University and then becoming part of a big company or the government and climbing the ladder within that organisation is the only way to prosper or move forward in life. They will refuse to tolerate the notion that anybody can go around that and avoid it and end up more prosperous than somebody who follows the rules. They will ridicule any suggestion that is possible. And if confronted with unarguable evidence that somebody has the dismissiveness usually turns to veiled hostility.
Anyway, I don’t want to go on too much. But just to let you know that I think that that is an under-discussed aspect of trading.
My guests today are Richard Liddle and Gareth Abbot.
Richard Liddle is the CEO of Bowmoor Capital. He was selected for the Barclays Military Fund Management Scheme to fast track a career into fund management, but decided first to pursue his entrepreneurial interests, including co-founding a company specializing in providing homes for people with support needs and raising over £500 million for a REIT. Richard is also a former military officer with 21 years of experience serving in both the Royal Navy and Royal Air Force as a helicopter and fast jet pilot.
Gareth Abbot is the Investment Manager of Bowmoor Capital. He is a mathematician by profession and passion and is a Fellow of the Institute of Mathematics and its Applications (FIMA). Gareth has a trading, research and investment management career built over 20 years. Gareth designed and developed the Global Alpha strategy from 2003 to 2006 and continues to run the strategy and is responsible for its ongoing research and development.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
Origin story and AHA moments
Empirical foundation
Trend following
Significance of trading only 21 markets
Primary, secondary, and minor trends in their approach