You're about to join Jerry Parker, Maritz Seabert, and Nealz Kostrup Larson on their raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy.

Welcome to the Systematic Investor podcast series.

Welcome or welcome back to another edition of the systematic investor series with me,

Niels Kastrolastin, where each week we take the pulse of the global market through the lens

of a rules-based investor.

Now, for those of you who are regular listeners, our conversations are indeed intended to keep you focused and inspired

to continue your rules-based investment journey.

And if you're new to the show,

I hope that today's episode will trigger your curiosity

to check out the back catalog

and listen to the past episodes that you may have missed.

For example, like the last episode of last year before Christmas with Jerry,

which may well be one of the best that we have done in the Systematic Investor Series.

Now, today's episode is the second in a two-part solo miniseries where I talk about the thought process and

design strategy that went into the trend following program that I've been running since 2007,

but that is not related to my full-time job at Don. And as I also stated in part one, is that since I joined Don in 2015,

there is no actual money in the system, but since I still run it each day before I go to work,

and since I ran it live for many years, I know that the performance numbers that I'm going to discuss

with you today are fully reliable and takes into account the trading cost that you would incur.

So I think it is a fair comparison to other trend following programs out there.

Now, the purpose of doing this comparison is not to say

that one trend following approach is better than another, but it's rather to show how they can be

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