He now manages $183M in his WMA program – from his website:

DUNN’s WMA is a 100% systematic long-term trend-following program which began trading
in November 1984. WMA utilizes DUNN’s original trend following algorithm developed in
1974, encompassing a portfolio of financial, energy, metal and agricultural futures markets.

Dunn WMA program performance since inception

In his “other life” Dunn is chairman of the Reason foundation, a non-profit think tank who also publishes Reason magazine: Free Minds and Free Markets. Their ideas are mostly libertarian – which seems to be a common theme among some Trend Followers: maybe a case of talking their books (or is it the other way around)?

Below are 2 videos of a Dunn interview by Michael Martin from the MartinKronikle.

The first video starts with a discussion of the Reason foundation and Dunn’s political views of the markets and regulation. At around 7:00 he starts discussing how he started the fund and how they changed the composition of the portfolio for fear of liquidity issues.
Check that eyebrow action on the intro:

Dunn also discusses the difficulties of dealing with emotions while following the system.

The second video is a continuation of the interview where Dunn provides his advice on somebody wanting to get into Trend Following (starting at around 7:00)

Traditionally, it is a time to express gratitude and I’d like to express a big thank you to all the readers of the blog. I really appreciate the like-minded interaction that blogging brings.

So I have decided to keep this post light-hearted - in these times of “holiday” – with a topical early “Friday Funny”: a suggestion for an alternative to the sacred turkey maybe ;-)

So: Happy Thanksgiving to everybody! Maybe some related recommended reading for Thanksgiving weekend:

	The Black Swan – Nasim Taleb Taleb re-writes the rules of risk. An excellent perspective on conventionally accepted concepts –No review/summary yet– Look up on Amazon US | CA | UK
	The (mis)behavior of Markets – Benoit Mandelbrot A fractal view of Risk, Ruin and Reward –No review/summary yet– Look up on Amazon US | CA | UK
	Fooled by Randomness – Nasim Taleb The hidden role of Chance in Life and the Markets –No review/summary yet– Look up on Amazon US | CA | UK

I really enjoyed reading the three of them! And I am sure you would get a good time picking up any one of them.

PS: and for our friends and readers who want to learn more on Thanksgiving, here is the wikipedia link with a concise introduction and the US-specific or Canada-specific versions.