It looks like the 5th! Edition of Stocks for the Long Run will be out in a month or two. I am highly curious to see if Jeremy will admit that trendfollowing works in this edition. He has a chapter in the book where he examines trends on stocks, shows statistical evidence that it does work then concludes it doesn’t work. This edition will have the 2008/2009 bear market in the update, so hopefully he will also report max drawdown numbers as those matter more to investors than volatility.
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It is still about 70- 80 degrees in LA, but I thought I would share this gorgeous photo from my buddy Brad Hays who lives in Garmisch Germany…
