The book is an amazing refresher with a lot of new information since the earlier book. Trend following is a strategy goes against human psychology and hence it is not easy to make people understand specially in my country India. I have been applying this for last 10 years on India asset classes equities, commodities and currencies as international futures trading is not allowed to Indian citizens. The book is a must read for all investors, traders, fund managers alike and provide important lesson why buy and hold can devastate portfolios in a Japan style bear market. As previous book, it doesnt contain any ideas on how to make money but that is something the least of botheration to a trend follower. Thanks Michael to make people understand TREND FOLLOWING and request you to visit India some time so that there can be more understanding to this in India.
TF from the first edition - has been indeed a life changing for me. A new dimension, a new thought process or to say completely out of the box way of looking at the markets. I had been among the ones from millions who got slaughtered in 2008, but my jaws dropped when I had the feel of this new delighting way of thinking in the year 2011. Glad to say - have been consistently profitable irrespective of market conditions from that time onward after going through this life changing journey.
An active follower of Michael Covel - have almost listened to almost all of his podcasts and books as well.