Episode 006: “The NYC Getaway: “Outliers, Diversification, and the Quest for Maximum CAGR”
Episode 006: The NYC Getaway: Outliers, Diversification, and the Quest for Maximum CAGR In Episode 006 of Turtle Talk, Rich and Adam join Jerry Parker in his New York getaway for a special face-to-face session — an unscripted deep dive into outlier hunting, maximum diversification, and the pursuit of true CAGR. Together they unpack the philosophy of classic trend following, challenge the smoothness obsession of modern approaches, and reflect on why wide nets and robust rules are the essence of enduring success. https://youtu.be/QebPl2OdLWI This month’s Turtle Talk is a little different — Rich and Adam join Jerry Parker at his New York getaway for a face-to-face deep dive into the philosophy and practice of outlier hunting. Recorded on Labor Day, the trio reflect on market adventures, harbor cruises, and the heart of classic trend following. In this special episode, we skip the usual segments and go straight to the foundations: 🌍 Maximum Diversification – why spreading the net across hundreds of markets is essential for catching rare outliers. 📉 Volatility vs. Lifting Power – compounding drag, step-ups in equity curves, and why chasing smoothness can backfire. 🎯 Closed Trade Equity & Weak Compounding – why conservative sizing preserves robustness and avoids randomness. 🔍 Dynamic Position Sizing Debate – why selling into strength risks type-two errors and dilutes true outlier returns. 🐂 The Cattle Year – feeder cattle, cocoa, and how small markets often deliver oversized contributions. 💬 Classic vs. Modern Trend – Buffett, Munger, and the tension between concentrated conviction and wide diversification. 🎙️ Expect candid debate, laughs, and plenty of lessons as the Aussie Turtles and Jerry unpack what it really means to maximize CAGR through pure outlier hunting. Coming Soon:The Aussie Turtles Trend Following Guide is nearly here — our flagship book of trend following philosophy, process, and practice. Stay tuned for the release! Got questions for the pod? Send them in: https://www.aussieturtles.com/contact-us/ Catch episode details and more at:https://www.aussieturtles.com/turtle-talk/ #TrendFollowing #TurtleTalk #SystematicTrading #AussieTurtles #OutlierHunter #ClassicTrend #JerryParker #NewYorkCitySpecial #MomentumEdge #QuantInvesting 🎙️ Turtle Talk is here to equip traders and enthusiasts with the tools to succeed in the ever-evolving world of trend following. Make sure to subscribe, rate, and share the podcast!
