
← The Derivative17 Sept · 1 h 20 min
RE-RELEASE: Texas Trend Following with Salem Abraham
<p>Some episodes are worth bringing back. This is one of them. Salem Abraham is a bit of a legend in the trend following and managed futures world. With 30+ years in the business, he’s got the experience, the war stories, and, thankfully, the willingness to tell them. We originally sat down with Salem a few years ago, and the conversation was too good to leave in the archives. In this re-release, we cover tiny Canadian, Texas; why you need noodles and red sauce if you’re competing to make the best spaghetti; the Turtle Traders; a tourist boat capsizing in front of the nude beach; just how low oil can go; hanging out with Boone Pickens; honeybees; sending the first computer-generated orders electronically to the CME; trend following, naturally; why an apple salad is not a fruit salad; bonds at zero; and pecan and apple orchards. You know, the usual. </p><p>Salem is the founder of Abraham Trading Company, a research-driven investment management firm that has managed alternative asset portfolios since 1988 for families, individuals, foundations, endowments, and institutions. Today, the firm runs the Fortress Fund for endowments and institutional investors.</p><p>So whether you caught this one the first time around or somehow missed it, we're digging it back out of the archives. - SEND IT!</p><p><strong>Chapters:</strong></p><p><strong>00:00-01:20= Intro</strong></p><p><strong>02:20-13:14=Canadian, Texas: Orchards, Eight Kids, and Community Capital</strong></p><p><strong>13:15-34:45=From 1987 Crash Kid to Panhandle Prop Trader: Lessons, Oil Busts, and Early HFT</strong></p><p><strong>34:46–38:45 = When Everyone’s on One Side of the Boat: Crowded Trades, Crashes, and Naked Risk</strong></p><p><strong>38:46–58:38 = Building a Hurricane‑Proof Portfolio: Bonds Are Broken, Alternatives Step In</strong></p><p><strong>58:39–1:09:59 = From Crashes to Coronavirus: Rethinking 60/40 and Birth of the Fortress Fund</strong></p><p><strong>1:10:00–1:19:49 = Salem’s Lightning Round: Favorite Things, Real Assets, and Star Wars</strong></p><p><strong>From the Episode:</strong></p><ul><li><p><strong>T. Boone Book: </strong><a href="https://www.amazon.com/First-Billion-Hardest-Reflections-Comebacks/dp/0307396010"><strong>The First Billion Is The Hardest</strong></a></p></li></ul><ul><li><a href="https://info.rcmalternatives.com/trend-following-guide" target="_blank" rel="noopener noreferer"><strong>Check out our Trend Following Guide!</strong></a><strong></strong></li></ul><