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Today we will continue our conversation with Jerry Parker the founder of Chesapeake Capital and widely known as the most successful Turtle ever.

After wrapping up his position with Richard J. Dennis as a famous \\u201cTurtle,\\u201d he went on to start his own asset management firm, Chesapeake Capital Corporation.

In this episode we discuss the evolving CTA industry and the story of Chesapeake. It\\u2019s a powerful story from one of the most successful people in the industry. We really hope you enjoy it.

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In This Episode, You\\u2019ll Learn:

• How the research and complexity of systems has a backwards effect to making money
• Challenges with entering stock markets with CTA strategies
• Why counting the trades and analyzing sample size is what most investors forget to ask when seeking fund managers
• Where the CTA managers have failed investors
• How Jerry Parker handles emotions during drawdowns
• Why markets have changed so that longer term focus has proven more successful
• Learn about the philosophy of \\u201cThe Markets are the Heroes\\u201d
• Important lessons from a long, successful career in the CTA industry
• What is it that keeps investors from Turtle CTAs and choose larger financial organizations
• Why we see a skewed distribution towards profitability of long side trades and short side trades
• The key legacy traits left behind by the Turtles and if the experiment could be replicated now
• Why Jerry Parker\\u2019s contribution to the CTA space will be that he sticks with the plan and be the last one going down with the trend following ship
• Lessons for upcoming CTA managers from Jerry Parker
• Debunking trading cliches like, \\u201cyou never go broke taking a profit\\u201d and \\u201cexits are more important than entries\\u201d
• Personal habits that have contributed to Jerry Parker\\u2019s success
• How Jerry Parker would start if he were to start all over again

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Resources & Links Mentioned in this Episode:

• Ray Dalio \\u2013 Bridgewater Capital
• Learn about Jerry Parker\\u2019s Acting \\u201cCareer\\u201d on his IMDB page

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IT\\u2019s TRUE ? \\u2013 most CIO\\u2019s read 50+ books each year \\u2013 get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book \\u201cThe Many Flavors of Trend Following\\u201d here.

Learn more about the Trend Barometer here.

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