Crash and Burn
All evolution inthought and conductmust at first appear asheresy and misconduct.1
The world changed in October 2008. Stock markets crashed. Millions lost their retirement money when their buy-and-hold strategies imploded. The Dow, S&P, and Nasdaq fell like stones. Most everyone has felt the ramifications: jobs lost, firms bankrupt, and universal fear still to this day causing daily heartburn.
No one made money during 2008. Everyone lost. Is that really true? No. There were trend following winners during October 2008, and they made fortunes ranging from +5 percent to +40 percent in that single month. How did they do it? First, let me state how they did not do it:
• Trend followers did not know stock markets would crash in October ...
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