Myths & Truths
JACK D. SCHWAGER is Director of Futures Research and Trading at Prudential Securities. He formerly held similar positions at Paine Webber and Smith Barney, with a total of twenty-two years' experience heading up futures research departments. He is also a Commodity Trading Advisor and one of the coprincipals of Wizard Trading. Mr. Schwager is the author of the highly regarded A Complete Guide to the Futures Markets, and the Schwager on Futures series that includes the titles Fundamental Analysis and Technical Analysis, all published by Wiley. His writing has appeared in many publications, including the Handbook of Futures Markets, The New York Times, and Forbes. Much in demand as a speaker, he has lectured on a range of analytical topics, with a particular focus on great traders, technical analysis, and trading system evaluation.
PERFORMANCE ISSUES. Why "Actual" Trading Results Are Sometimes a Misnomer. Performance Reporting: Sources of Distortion and Special Cases. Measuring Trading Performance. The Apples and Oranges Pitfall. Why All Conventional CTA Indexes Are Misleading. IS PAST PERFORMANCE PREDICTIVE OF FUTURE PERFORMANCE? Are Prospectus Returns Indicative of Future Performance? Is Past Performance Predictive of Future Performance?: A Brief Review of Academic Studies. Is Past Performance Predictive of Future Performance?: A CTA-Based Analysis. INVESTMENT AND PORTFOLIO ISSUES. We Have Met the Enemy. Robin Hood Investing: Taking from the Winners and Giving to the Losers. Is Diversification Beneficial? Should Managed Futures Included in Investment Portfolios? Epilogue. Appendices. Index.