Some of my beliefs about backtesting

When it comes to trading, I like to think differently. I'm not afraid of being a bit of a heretic when it comes to thinking about the markets. While I adopt and use 'classical' trend following and breakout principles, I also like to think for myself, outside the box.

As an example, lots of traders swear by running backtests and tuning their trading models based on the results of their testing and analysis. Certainly, in some cases with getting to grips with a basic concept, backtesting can be of some use.

The fallacy of value investing - with Neil Woodford

This week, star London-based fund manager Neil Woodford talked about his recent poor performance, mainly as a result of the huge losses suffered in his holding in Provident Financial.

Below is the chart, which tells its own sorry story: