Yesterday was the last trade day of the World Top Investor competition 2007-08. The full year competition saw Hu Haochen winning with gains of 785% trading the forex markets.

Amazing performance considering that the last 12 months, saw first, a steady growth and in the last 3 months levels of volatility not seen since 2001. It was a full 12 months with good news, not so good news and bad news, with crisis, with trends and even the nationalization of a bank in the UK.

The idea behind the Efficient Market Hypothesis is that in general, investors cannot beat the market in the long run. The top 10 in the World Top Investor proved it can be done and the competition proved the EMH is an academic nonsense.

As investors we all know that there is nothing worst for a trader than getting whipped around in circles during a volatile market. Volatility hit record highs in January, and still our TOP 10 competitors performed although some endured losses larger than average.

Hu Haochen had a steady growth of his portfolio during the all 12 months of the competition, proving that there is 4 main components that contribute to profits:

1. The size of your average win
2. The size of your average loss
3. The win rate of your system
4. The capital allocated to each position.

Hu Haochen is going to be the World Top Investor for at least the next twelve months. In the meantime a star has risen in the portfolio management industry.