Podcasts about panic proof investing

My guest today is Tom Basso, an American hedge fund manager. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. Tom is widely known in the trading community as "Mr. Serenity" due to his calm and disciplined approach to trading. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Equal opportunity v. equal outcomes Government spending, efficiency, and economic policy Importance of education in trading Public speaking Timeless principles in trading Starting a fund management firm Elon Musk's mindset and influence Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Tom Basso, an American hedge fund manager. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. Tom is widely known in the trading community as "Mr. Serenity" due to his calm and disciplined approach to trading. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Equal opportunity v. equal outcomes Government spending, efficiency, and economic policy Importance of education in trading Public speaking Timeless principles in trading Starting a fund management firm Elon Musk's mindset and influence Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Experiencing the brutal bear market of 1973-74 impressed upon Tom the necessity to find ways to hedge risk. This began a multi year long quest to find the right combination of uncorrelated assets, technical indicators and adjust the weightings as needed to provide enough protection to fill in the potholes of equity drawdowns while retaining the bulk of upside potential. Having a sweet balance between risk and reward both in the financial markets and in his personal life has enabled Tom to maintain a serene disposition. Tom Basso's Background: Tom Basso is an American hedge fund manager. He was president and founder of Trendstat Capital Management. He has authored two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. Basso graduated from Clarkson University in Potsdam, New York in 1974, where he majored in chemical engineering. Prior to his career in trading, Basso worked as an engineer for Monsanto Company. He became a registered investment advisor in 1980 and a registered commodities advisor in 1984. Basso established Trendstat Capital in 1984 and served as its CEO until his retirement. Having retired from active trading in 2003, he now manages his own portfolios and provides guidance to aspiring traders. Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Tom Basso, a hedge fund manager who currently runs enjoytheride.world, a website dedicated to trader education. Tom was one of several traders featured in Jack Schwager's The New Market Wizards and dubbed “Mr. Serenity” by Jack. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Modern society and inflation Trading short-term, medium-term, and long-term with extreme diversification A trader's work-life balance Viewpoint on cryptocurrencies Trend following in the year 2022 Tom's happy retirement life Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Tom Basso, a hedge fund manager who currently runs enjoytheride.world, a website dedicated to trader education. Tom was one of several traders featured in Jack Schwager's The New Market Wizards and dubbed “Mr. Serenity” by Jack. He was president and founder of Trendstat Capital Management. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Modern society and inflation Trading short-term, medium-term, and long-term with extreme diversification A trader's work-life balance Viewpoint on cryptocurrencies Trend following in the year 2022 Tom's happy retirement life Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Thomas F. Basso is an American hedge fund manager. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. He was the president and founder of Trendstat Capital Management. Trendstat was closed in 2003 when assets under management fell to $65M. Tom Basso bought his first mutual fund at 12 from funds received from delivering newspapers. From those early days, covering over 50+ years, Tom has extensively traded stocks, bonds, options, commodities/futures, and FOREX. He is also the chairman of the board of Standpoint Funds, located in Scottsdale, Arizona, which specializes in all-weather investing. Listen to this podcast and know more about Basso's interesting entrepreneurial journey. Please Enjoy!          Would you please consider being 1% and leaving a short review on Apple Podcasts/ iTunes if you enjoy the podcast? It takes less than 30 seconds, and it makes a world of difference in reaching new interesting guests! To sign up for Kevin's Podcast email Newsletter and to view the show notes & past guests please visit-https://officialkevindavid.com/podcast Follow Kevin: https://mmini.me/@FollowKD

“Don't hide from risk; find it and attack it.” We were joined this week by none other than Tom Basso (Enjoytheride.world), trend following legend, author of Panic-Proof Investing and The Frustrated Investor and known as ‘Mr Serenity' from his depiction in Jack Schwager's best-selling Market Wizard series. From his ten-dollar a week paper route, to earning enough money to buy his first mutual fund, our conversation spanned a few decades and included: A chemical engineer's approach to capital markets Commodity futures as the ultimate training ground in the 1970s Black Monday, Dotcom Crash, GFC and Covid – a career shaped by ‘crisis alpha' A business mindset to asset management, and early struggles as a salesman Retiring from money management, and smiling ever since Taking much more risk in retirement than when he managed funds Improving his techniques and the evolution of his edge Solving the investment puzzle – codify your rules, size trades appropriately, and most important, work on your mental game We dug deeper into the latter point, discussing the benefits of stoicism, meditation, journaling and other techniques that can improve one's mental game, both in trading and in life. Tom also shared insights into some of the different strategies he runs and parameters he watches closely, as well as his friendship with Eric Crittenden and becoming chairman of Standpoint Funds. Thank you for watching and listening. See you next week.   This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

About Tom Basso Tom was CEO of Trendstat Capital Management, Inc., an Investment Advisor (RIA) and Commodity Trading (CTA) firm, managing $600 million at its peak. An engineer by degree, he approaches the markets with math and computers. He has now authored two books: 1- Panic Proof Investing, which is dedicated to helping investors. 2- Successful Traders Size Their Positions – Why and How? which helps traders size their trading positions. Tom was one of the traders featured in The New Market Wizards by Jack Schwager, a book on successful traders. Tom currently has a website: enjoytheride.world with educational resources for traders. Show Notes 0:01 Introduction 2:18 How to build confidence using mental rehearsal technique 4:54 Boosting the self-confidence in other areas of the life 10:31 Why self-confidence and self-esteem is crucial to follow trading strategies 14:16 How to cultivate self-awareness using a simple post on a computer screen 20:46 A simple technique to dissolve physical pain 24:10 Using the fear of missing out to deal with emotional pain and lessons from having a 50% drawdown 33:06 Managing emotions as a money manager and the #1 mistake that most money managers do and how to fix it 39:50 Dealing with burn out managing other's people money 44:04 How to get your family on board as a trader 45:05 Why you should quit identifying yourself as a trader 47:17 The importance of having other hobbies and activities too avoid overtrading and trading for excitement 52:00 The three secret ingredients to enjoy the ride in trading 56:56 How to connect with Tom Basso www.EnjoyTheRide.world https://blog.beyondtradingpsychology.com/tom-basso/ Join our Facebook group: beyondtradingpsychology.com/group

Imagine being able to hear the specifics of a Market Wizards trading plan? In this episode it becomes real. The legendary Tom Basso walks through the technicals of his trading system and how he makes profit. Louise Bedford reaffirms that trading education is your prize. Louise Bedford Mindpower The true professional never stops growing and learning. The true win in trading is your trading education so can you repeat the win again and again. Never stop learning about the markets.   Market Wizard Tom Basso Tom is most famously known as Mr. Serenity in Jack Schwager's Market Wizard series. Now retired from managing client money Tom was president and founder of Trendstat Capital Management, which at its peak handled $600 million worth of other people’s money. Tom Basso shares his view on trend following and drills down into the mechanics of his personal trading systems. In this interview we discuss: Trend following systems and exploiting trends Trading losses and how he views the next trade ENTRY AND EXIT CRITERIA RISK AND VOLATILITY CONTROL In the past Tom Basso has painstakingly answered every trading question over personal email, Facebook message, and twitter feeds. But now he has now created his own trader website www.enjoytheride.world to answer trader questions and educate. He also has a narrated version of his book ‘Panic Proof Investing’ and he adds other topics he is interested in such as golf, lifestyle and healthy cooking. Go there and check it out. You will even see a photo of Tom singing with Celine Dion tribute singer!  

My guest today is Tom Basso. Now retired from managing client money, Tom was president and founder of Trendstat Capital Management. He became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. He has had 28 years of experience managing money and over 40 years of managing his own money. With all that knowledge, his new website addresses what he feels new and old traders alike struggle with. All content on his website will be free aside from his personal training videos and a narrated version of his book “Panic-Proof Investing.” The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend following philosophy Separation of net worth from self worth How to view winning trades vs. losing trades Staying mentally young Brooks Koepka vs. Tiger Woods Dealing with stress in the markets Social media stressors Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Tom Basso is back for episode 700. Tom is featured across Jack Schwager’s “Market Wizard” series and most famously known as “Mr. Serenity.” He was featured on episode 400 of Trend Following Radio with a mega 4 ½ hour episode, and today he is back for this new episode. Now retired from managing client money, Tom was president and founder of Trendstat Capital Management. He became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. Although Tom has been retired for over 15 years he still gets emails daily from aspiring traders. While on vacation with his wife, they came up with a more efficient solution to answering all these emails. Tom decided to start an educational platform that he more candidly describes as a “Tom Basso brain dump into a website.” He has had 28 years of experience managing money and over 40 years of managing his own money. With all that knowledge, his new website addresses what he feels new and old traders alike struggle with. All content on his website will be free aside from his personal training videos and a narrated version of his book “Panic-Proof Investing.” What is it about the individual that is so important in trading? How do you become the best trader you can be? How does exercise and diet play into trading? How do you separate self worth from your net worth? How do you stay young in your energy? Michael and Tom keep their conversation on trading today more philosophical rather than technical. In this episode of Trend Following Radio: Trend following philosophy Separation of net worth from self worth How to view winning trades vs. losing trades Staying mentally young Brooks Koepka vs. Tiger Woods Dealing with stress in the markets Social media stressors

My guest today is Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager's "New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Location independence Making sure trading doesn't take up your entire life Stoicism Trend following in the emotional arena Mental exercises The psychology of trend following The “observer self” The mental aspects of success The importance of being able to lose small amounts of money Why trend following does so well when the black swans hit Basso's daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start Money management v. trading Tinkering with current systems Knowing when it's a regular drawdown v. something really going the wrong way Whether Basso is a one-system kind of guy v. multiple systems Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!  

Michael Covel talks with Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager's "New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. This is Basso’s third podcast conversation, and Covel and Basso talk about location independence; making sure trading doesn’t take up your entire life; stoicism; trend following in the emotional arena; mental exercises; the psychology of trend following; the “observer self”; the mental aspects of success; the importance of being able to lose small amounts of money; why trend following does so well when the black swans hit; Basso’s daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start; money management v. trading; tinkering with current systems; knowing when it’s a regular drawdown v. something really going the wrong way; and whether Basso is a one-system kind of guy v. multiple systems. Note: This original #200 episode has to been updated to include all Basso interviews so far. 4 hours plus!  

My guest today is Tom Basso, the trend following trader famously featured in Jack Schwager's "New Market Wizards". Basso is a hedge fund manager. He was president and founder of Trendstat Capital Management. Trendstat was closed in 2003 when assets under management fell to $65M. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He currently runs enjoytheride.world, a website dedicated to trader education. He is also the chairman of the board of Standpoint Funds. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Video of philosopher Alan Watts How Basso manages his emotions during both losing and winning periods What drove Basso to "enjoy the ride" and whether there were periods in his life when it was difficult to do so Exit strategies on winning positions Basso's use of hedges The process behind taking a developed system from testing to live trading What Basso learned from his earliest large drawdown Basso's use of money management and risk control Basso's advice to the first time programmer How to handle skeptics of trend following Whether Basso considered the notion of serenity from the very beginning of his career The career of John W. Henry Basso's coin flip entry method, and the importance of exit strategies Percent betting Diversification What would cause Basso to stop trading a particular system Comfort with uncertainty Basso's views on initial capital at risk vs. unrealized gains Fighting against your gut reaction when your system tells you otherwise Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Tom Basso, a trader who was called "Mr. Serenity" when he was profiled in Jack Schwager's "New Market Wizards". Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. Although he is now retired, there's no half-life for experience in the trend trading world, and Basso has a wealth of knowledge that is relevant to today's trader. The topic is Trend Following. In this episode of Trend Following Radio we discuss: The psychology behind his trading How he kept his - and his clients' - emotions in check; and how being an entrepreneur can make you think differently Basso also discusses his beginnings - buying his first mutual funds at age 12 - and how he moved from a chemical engineering position to his career as a trader and money manager How trading for clients can be different than trading for yourself, and the importance of concentrating on process vs. outcome. Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel interviews Thomas H. Basso, a trader who was called "Mr. Serenity" when he was profiled in Jack Schwager's "New Market Wizards". Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. Although he is now retired, there's no half-life for experience in the trend trading world, and Basso has a wealth of knowledge that is relevant to today's trader. Covel talks to Basso about the psychology behind his trading; how he kept his - and his clients' - emotions in check; and how being an entrepreneur can make you think differently. Basso also discusses his beginnings - buying his first mutual funds at age 12 - and how he moved from a chemical engineering position to his career as a trader and money manager. Further topics include how trading for clients can be different than trading for yourself, and the importance of concentrating on process vs. outcome. Note: This original #10 episode has to been updated to include all Basso interviews so far. 4 hours plus!