Jerry Parker, CEO of Chesapeake Capital, joins Joe Perry to discuss his investment framework and his storied past as one of Richard Dennis’s “Turtles.” One of 11 traders in Chicago selected by Dennis, and perhaps the most successful trader of the group, Parker lays out his strategies for following trends, portfolio diversification, and maintaining discipline. Filmed April 16, 2019 in New York.
Watch more Real Vision™ videos: po.st/RealVisio...
Subscribe to Real Vision™ on RU-vid: po.st/RealVisio...
Watch more by starting your 14-day free trial here: rvtv.io/2DWGRtL
About Skin In The Game:
What is the big money up to right now? In each episode of “Skin in the Game,” an esteemed fund manager sits down to discuss their outlook on the markets, their current portfolio positioning, and their best investment idea.
About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
Connect with Real Vision™ Online:
Twitter: rvtv.io/2p5PrhJ
Instagram: rvtv.io/2J7Ddlw
Facebook: rvtv.io/2NNOlmu
Linkedin: rvtv.io/2xbskqx
Top Turtle's Trading Tips (w/ Jerry Parker) | Skin in the Game
/ realvisiontelevision
Transcript:
For the full transcript: rvtv.io/2DWGRtL
You can't be a Marine by reading a book. You can't really be a turtle trader-- as good a turtle trader as you would, unless you worked for Richard Dennis and Bill Eckhardt. Systematic trend following has a tendency to make money when we see things that have never happened before. I heard Paul Jones speak in 1988 at UVA.
And he talked about being short Japan and making a lot of money in that stock straight. And his response was, what people don't want to hear is that I was short 5 times before that and took small losses each time. We don't vol target. We're kind of traditional classic trend followers where we risk a small amount, but if the volatility gets higher and higher as the trade becomes very, very profitable, we don't have a tendency to get out of any of it.
We just sort of let it go. And so you've got to be a little different.
Richard Dennis is one of the world's most famous traders from the Chicago pits of the 1980s. He knew his proven trading strategy could be taught to others. He gathered a group of 11 traders in Chicago to teach them this system.
These people became known as the turtles. Jerry Parker is arguably one of the most successful of these turtles. Taking his newly learned trading strategy, he founded his own CTA, Chesapeake Capital.
I had the pleasure of sitting down with Jerry recently to discuss his background as a turtle and his trend following trading strategy. Please enjoy this episode of Skin in the Game. So here we are in Skin in the Game with Jerry Parker, CEO and founder of Chesapeake Capital, and one of Richard Dennis' original turtles. Want to play a game?
Yes, I do.
All right. Let's do it.
What color you want to be?
Gold, of course.
Gold. All right. You want to go first?
No, you go first.
All right. I got it. Let's see. I'm going to pretend that this is Virginia in last year's playoffs when they went out in the first round.
21 авг 2024
