This is one of these podcast episodes that will hopefully help you to think.

And if you already think well, it's just a reminder or a kick in the ass that you're on the right path.

So back in the day, my very first edition of Trend Following, the book, was published by Financial Times Prentice Hall.

It's currently published by Wiley. I changed publishers a few years back.

But back in the day when the first edition came out, the Financial Times newspaper, out of London,

wrote a little blurb about the book. And the title was this,

stating the obvious. Now there's a good deal of British snarky attitude here. Fine enough,

but let me read it. Investing books are meant to teach people how to get rich,

and sometimes the obvious lessons are the best.

Or at least that is what the public relations team promoting the new book, trend following,

how great traders make millions in up or down markets seem to think. The message of the book, they say, is, drum roll please, that a, quote,

trading strategy that calls for buying high and selling low, in quote, is the best strategy

for consistently making money in the markets. No wonder, Observer, an Observer was the title of this

column, no wonder Observer is poor.

We've been trying to buy low and sell high.

So now, I don't expect any favors.

Because my book was published by Financial Times,

and that's the Financial Times newspaper criticizing me.

I could care less.

This was a long time ago.

In fact, I am extremely lucky, extremely happy to have something like this.

If a major financial newspaper criticizes an author who has written an investing book

...