Parker painted a picture where risk for many is simply a term defined by belief rather than his view of risk, which is measured in concrete terms. He explained that he is more comfortable trading through a system than he would be if he was picking individual moves. I would hate it if the success of Chesapeake was based on my being some great genius. It's the system that wins. Fundamental economics are nice but useless in trading.
True fundamentals are always unknown.
Most of the skeptics in the audience simply seemed to not understand these statements or were plain ignorant. For Jerry Parker, the unpretentious super trader from Lynchburg, Va., the most important work occurs around the kitchen table. That's where Parker's wife, a certified teacher, home schools the family's three children. A Turtle who trained under Dennis and founded Chesapeake Capital Management in 1988. It doesn't take a huge monster infrastructure - not Harvard MBAs and people from Goldman Sachs.