Trend Following - Part 2: Pioneers and Systematic Trading

This episode provides a collection of interviews and commentary from prominent figures in the world of systematic and quantitative finance, primarily focusing on trend following and managed futures strategies. Key figures like Ed Seykota, Martin Lueck, Jean-Philippe Bouchaud, Ewan Kirk, Alex Greyserman, Campbell Harvey, and Lasse Heje Pedersen discuss the philosophical and technical underpinnings of their systematic approaches, often drawing connections between mathematics, physics, and behavioral economics. A major theme explored is the importance of removing human emotion and discretion from trading through rigorous back-testing and systematized risk management, in contrast to traditional discretionary trading. The experts also address the benefits of diversification across numerous markets and the persistent challenge of distinguishing genuine skill from luck in investment performance