Jerry Parker – Understand Your Investing Capabilities and Limitations

<p><strong>BIO: </strong>Jerry Parker started his trading career in 1983 in the Richard Dennis Turtle Program. He started Chesapeake Capital in 1988. Chesapeake manages about $200M in private funds, mutual funds, ETFs, and managed accounts.</p><p><strong>STORY:</strong> Jerry has had some stinker investments in real estate and gold over the years. Two things that have cost him money in his real estate investment are overpaying and not being patient. Often, Jerry would find himself buying homes by speculating and thinking that he knew what he was doing, only to realize that he didn’t.</p><p><strong>LEARNING:</strong> Understand what you’re capable of and your limitations as well. Be afraid of situations you’re unfamiliar with and assume the worst.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“If you’re at a poker table and don’t know who the patsy is, it’s usually you.”</strong></blockquote><blockquote class="ql-align-center">Jerry Parker</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/jerry-parker-7174ab12/" rel="noopener noreferrer" target="_blank"><strong>Jerry Parker</strong></a> started his trading career in 1983 in the Richard Dennis Turtle Program. He started <a href="https://chesapeakecapital.com/" rel="noopener noreferrer" target="_blank">Chesapeake Capital</a> in 1988. Chesapeake manages about $200M in private funds, mutual funds, ETFs, and managed accounts. All of the trading is done using a Trend Following + Nothing approach. The funds are maximally diversified and include bond, commodity and currency futures, stocks, crypto, and FX forwards. Jerry is active on Twitter and Twitter Spaces at <a href="https://twitter.com/rjparkerjr09" rel="noopener noreferrer" target="_blank">@rjparkerjr09</a>.</p><h2>Worst investment ever</h2><p>Over the years, Jerry has had some stinker investments in real estate and gold. Two things that have cost him money in his real estate investment are overpaying and not being patient. Often, Jerry would find himself buying ho