John W. Henry's Philosophy
John W. Henry outlined many moons ago the keys of successful trading:
"It's not for me to ask why the price is going up or down but rather to pay attention to what is actually happening. And over time, that gives us a big advantage."
"I don't believe that I am the only person who cannot predict future prices. No one consistently can predict anything, especially investors. Prices, not investors, predict the future."
"...when I was designing what turned out to be a trend following system...[that] approach - a mechanical and mathematical system - has not really changed at all. Yet the system continues to be successful today, even though there has been virtually no change to it over the last 18 years."
"It's not for me to ask why the price is going up or down but rather to pay attention to what is actually happening. And over time, that gives us a big advantage."
"I don't believe that I am the only person who cannot predict future prices. No one consistently can predict anything, especially investors. Prices, not investors, predict the future."
"...when I was designing what turned out to be a trend following system...[that] approach - a mechanical and mathematical system - has not really changed at all. Yet the system continues to be successful today, even though there has been virtually no change to it over the last 18 years."
posted by CL Lim at 10:53 AM
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