Anthony Garner is a British national based in London. He left investment banking in 1992 and since then has been trading financial markets for his own account.
He is the author of “A Practical Guide to ETF Trading Systems” published by Harriman House and has also written articles on trading and investment for a number of publications.
Anthony practised as a solicitor with London law firm Slaughter and May, specializing in banking.
At Swiss Bank Corporation he produced institutional research on South East Asian stock markets including Hong Kong, Singapore and Malaysia.
He spent a year in Tokyo followed by postings to Hong Kong, Singapore and Zurich covering the Asian equity markets.
His strongly held belief is that over the long term a policy of wide, systematic diversification is likely to outperform a discretionary approach to investment.
After many years of back-testing and trading he has come to believe that market timing is a hit and miss affair and that an investor is better to position himself correctly than attempt to avoid market drawdown using technical analysis.
Market drawdown may (possibly) be mitigated by holding a portfolio of low or negatively correlated assets and hedging. But ultimately it is probably not possible to avoid all tail risk.
After many years of research and trading, he has come to realise that the financial markets are mostly populated by fools or knaves. The fools are those who, like himself, have chased the end of the rainbow. And unlike himself continue to do so. The knaves are those who peddle impossible dreams to the fools and live by selling false and dangerous nonsense.
In the middle are a bunch of honourable, decent people who manage our hard earned savings to the best of their ability.