《海龟交易法则》的作者破产，从赚取亿万到流落街头，投资到底靠什么才能走远？

Core Viewpoint - The article reflects on the downfall of Curtis Faith, the author of the "Turtle Trading Rules," highlighting the contrast between his past success as a trader and his current state of bankruptcy and homelessness, emphasizing the unpredictability of life and the importance of discipline in trading [3][4][18]. Group 1: Turtle Trading Rules - The Turtle Trading Rules, developed in the 1980s by Richard Dennis and William Eckhardt, is a well-known mechanical trading system that proved trading can be taught [5][6]. - The system is based on trend-following principles, where traders buy when prices break above certain levels and sell when they fall below others, focusing on capturing market trends [7][10]. - Key components of the system include entry signals based on price breakouts, risk management by limiting exposure to 1% of account funds per trade, and strict stop-loss rules to cut losses [7][10]. Group 2: Curtis Faith's Journey - Curtis Faith was one of the youngest Turtle Traders, achieving significant profits early in his career, reportedly earning over $10 million for his fund [15][17]. - After leaving the Turtle program, he attempted various ventures, including startups in IT and blockchain, but faced numerous failures, leading to financial ruin [19][25]. - His recent legal troubles and homelessness serve as a cautionary tale about the volatility of trading success and the risks of overextending in speculative ventures [13][28]. Group 3: Lessons Learned - The article emphasizes the importance of skepticism towards trading gurus, suggesting that even successful traders can face significant failures, as demonstrated by Faith's experience [30][32]. - It warns against excessive risk-taking and highlights the need for disciplined investment strategies, contrasting trend-following with value investing approaches [34][37]. - The narrative concludes with a reflection on the long-term nature of successful investing, advocating for diversified asset allocation as a means to withstand market fluctuations [50].