[UPDATE: Read AR's exclusive profile, Tudor returns to its
roots, in our September 2010 issue.] Is it possible to teach
someone to be a tape reader - what some might call a trend
follower or technical analyst?Certain people have a greater
proclivity for it because they don't have the need to feel
intellectually superior to the crowd. It's a personality thing.
But a lot of it is environmental. Many of the successful macro
guys today, they're all kind of in my age range. They came from
that period of crazy volatility of the late '70s and early
'80s, when the amount of fundamental information available on
assets was so limited and the volatility so extreme that one
had to be a technician. It's very hard to find a pure
fundamentalist who's also a very successful macro trader
because it is so hard to have a hit rate north of 50...