trend following – Observing the market

"Imagine that every day you have to got to go to a Manhattan junction on a street corner with your folding chair, thermos of coffee and sandwiches. Morning rush hour comes by and you get jostled around. Same for the evening, you get jostled around and they knock over your thermos of coffee and step on your sandwiches. You got fumes of cars and weather changes. This is a terrible way to spend your life. Until one day the parade comes by. You don't know which direction the parade is coming from, but when it does come, you have the best seat in the house. This is trend following. The secret is to just stay on that street corner." (Chris Cruden - Insch Capital Management)