This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

I want to wish you a happy Thanksgiving.

It has been an eventful few years.

And damn it, it's time for everybody to sit back and just take a slowdown period.

And in the spirit of that, and to also possibly make a little money, let me give you a chapter from my book trend

following. My newest edition, my fifth edition, Chapter 3 on performance data. I was inspired to

include this after a recent conversation with a trend following trader named Richard Brennan out of Australia.

We talked extensively about trend following performance data, and I thought this chapter included

here on the podcast would be good inspiration.

Without any further delay, let's jump right into Chapter 3 from my fifth edition

of Trend Follow.

Chapter 3. Performance Proof

Even if you are a minority of one, the truth is the truth. Gandhi.

What we've got here is a failure to communicate. Some men you just can't reach.

So you get what we had here last week, which is the way he wants it.

Cool Hand Luke. Anyone can tell you they have a successful method or system, but the only objective

measurement is raw data. If a claim is to be made, it must be supported. The numbers in this

volume across numerous third-party reporting services and inside disclosures on file with

American and international regulatory authorities, don't lie. You could be the skeptic and say,

...