George Washington: A Trend Following Investor
November 12th, 2009
Brent and Marilynn @ Flickr
We know that George Washington was the father of our country. But was he also the father of Trend Following investing?
OK. That may be pushing things a little bit, but if you examine the career–especially the military career–Washington did use some essential techniques of great trend followers, like Rich Dennis.
Trend following is an investment strategy that couples risk minimization with return maximization. It does so through a couple key market insights:
- Identify opportunities
- Preserve capital
- Limit risk
- Let your profits run.
Let’s see how some of Washington’s campaigns match up with the trend following philosophy.
Accelerating Technology, Business Strategy, Dreams Come True, Investing, Money, Online Investing AI, Success, US Economy
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
