Trend Following. Ritholtz Barry

Properties Changed So Little in 200 Years,” May 2, 2016.

6

Jean-Philippe Bouchaud, “Economics Needs a Scientific Revolution,” Capital Fund Management, December 1, 2008.

7

David Harding, “Efficient Market Theory: When Will It Die,” Winton Capital Management, February 2016.

8

“David Harding (financier),” Wikipedia, last modified December 11, 2016, https://en.wikipedia.org/wiki/David_Harding.

9

Harding, “Efficient Market Theory.”

10

Katie Allen, “Nobel Prize-Winning Economists Take Disagreement to Whole New Level,” The Guardian, December 12, 2013, www.theguardian.com/business/2013/dec/10/nobel-prize-economists-robert-shiller-eugene-fama.

11

David Harding, “Efficient Market Theory: When Will It Die,” Winton Capital Management (February 2016).

12

Van K. Tharp, Trade Your Way to Financial Freedom (New York: McGraw-Hill, 1999).

13

Richard D. Donchian, “Trend-Following Methods in Commodity Price Analysis,” Commodity Year Book (1957), 35.

14

Ari Levine and Lasse Heje Pedersen, “Which Trend Is Your Friend,” Financial Analysts Journal 72, no. 3 (May/June 2016).

15

Miles Kimball, “Robert Shiller: Against the Efficient Markets Theory,” Confessions of a Supply-Side Liberal (blog), April 14, 2014, http://blog .supplysideliberal.com/post/82659078132/robert-shiller-against-the-efficient-markets.

16

John Plender, “A New Paradox Found in Markets Theory,” Financial Times, December 9, 2012, www.ft.com/content/8e2ae5b2-3e14-11e2-91cb-00144feabdc0.

17

Eugene F. Fama and Kenneth R. French, “Q&A: Market Timing with Moving Averages,” Fama/French Forum, https://famafrench.dimensional.com/questions-answers/qa-market-timing-with-moving-averages.aspx.

18

Eric Johnson, “Benchmark’s Bill Gurley Says He’s Still Worried about a Bubble,” Recode, September 12, 2016, www.recode.net/2016/9/12/12882780/bill-gurley-benchmark-bubble-venture-capital-startups-uber.

19

Ludwig von Mises, Human Action: A Treatise on Economics (4th rev. ed.) (Irvington-on-Hudson, NY: The Foundation for Economic Education, 1996).

20

von Mises, Human Action.

21

George Francis Train, Young America on Wall Street (London: Sampson Low, 1857), 209.

22

Arthur Crump, The Theory of Stock Exchange Theory (New York: S. A. Nelson, 1903), 50.

23

Albert Williams, How to Win and How to Lose (Chicago: 1883).

24

Ibid.

25

The Art of Investing (New York: Appleton, 1888).

26

John Hill Jr., Gold Bricks of Speculation (Chicago: Lincoln Book Concern, 1904).

27

Louis Guenther, Investments and Speculation (Chicago: La Salle Extension University, 1910), 121.

28

G. C. Selden, Psychology of the Stock Market (New York: Ticker Publishing Company, 1912), 12.

29

Wall Street: Money Never Sleeps, directed by Oliver Stone (Los Angeles: 20th Century Fox, 2010).

30

von Mises, Human Action.

31

Jack Schwager, Getting Started in Technical Analysis (Hoboken, NJ: John Wiley & Sons, Inc., 1999).

32

“The History of the Motley Fool,” Fool.com, November 4, 2003.

33

John Allen Paulos, A Mathematician Plays the Stock Market (New York: Basic Books, 2003), 47.

34

“Quantitative Strategy: Does Technical Analysis Work?” Equity Research, Credit Suisse First Boston (September 25, 2002).

35

Bob Bryan, “RED ALERT – Get Ready for a ‘Severe Fall’ in the Stock Market, HSBC says,” Business Insider, October 12, 2016, www.businessinsider.com/hsbc-red-alert-get-ready-for-a-severe-fall-in-the-stock-market-2016-10.

36

Martin Estlander, “Presentation for the Association of Provident Fund of Thailand & Partners” (Association of Provident Fund of Thailand & Partners, Bangkok, February 26, 2015).

37

Mebane Faber, “A Quantitative Approach to Tactical Asset Allocation,” The Journal of Wealth Management (Spring 2007).

38

Daniel P. Collins, “Kevin Bruce: Improving on a Passion,” Futures (October 2003).

39

“Disclosure Document,” John W. Henry & Company, Inc. (August 22, 2003).

40

Ibid.

41

Carla Cavaletti, “Top Traders Ride 1996 Trends,” Futures (March 1997), 68.

42

Ewan Kirk, “Ewan Kirk of Cantab on Trend Following,” Trend Following (blog), August 15, 2016, www.trendfollowing.com/2016/08/15/ewan-kirk-cantab-trend-following/.

43

Mathew Bradbard, “Q&A with Todd Hurlbut and Ted Parkhill for Incline Investment Management,” RCM Futures – Manager’s Corner, www.rcmfutures .com/managed-futures/incline-investment.

44

Morningstar, “Interview: Cliff Asness Explains Why He Started a Managed Futures Fund,” Business Insider, March 5, 2010, www.businessinsider .com/cliff-asness-new-fund-is-for-wimps-who-cant-handle-the-market-swings-2010-3.

45

Jack Schwager, Hedge Fund Market Wizards (Hoboken, NJ: John Wiley & Sons, Inc., 2012).

46

Ginger Szala, “Abraham Trading: Trend Following Earns Texas Sized Profits,” Futures (March 1995), 61.

47

John W. Henry (presentation given to financial consultants, November 17, 2000).

48

John W. Henry (presentation, Geneva, Switzerland, September 15, 1998).

49

Patrick Welton, “Has Trend Following Changed,” AIMA Newsletter (June 2001).

50

Guest Article, Managed Account Reports 249 (November 1999), 9.

51

John W. Henry (presentation given to financial consultants, November 17, 2000).