Ep. 1174: Tom Basso Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 24 April 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
My guest today is Tom Basso, a renowned hedge fund manager, the founder and former president of Trendstat Capital Management, and the chairman of Standpoint Funds. Known as "Mr. Serenity'' for his disciplined, calm trading approach. He has helped clients worldwide with his expertise in stocks, bonds, options, commodities/futures, and FOREX. One of several traders featured in Jack D. Schwager's New Market Wizards, Tom now runs his own website.
The topic is his book The All-Weather Trader: Mr. Serenity's Thoughts on Trading Come Rain or Shine.
In this episode of Trend Following Radio we discuss:
- Retirement
- Strains in the system
- Political, cultural, societal
- Capital risk reduction and diversification
- Money management
- Trend following
Jump in!
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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!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.6 | My guest today is Tom Basso. |
| 0:36.4 | This is Tom's. I have no earthly idea how many times Tom has appeared on this podcast, a lot. He is one of my favorite guests by you, the audience out there, maybe the most favorite. Tom happens to have a new book out that you should check out, call the all-weather trader. |
| 0:54.9 | Mr. Serenity's thoughts on trading come rain or shine. |
| 0:59.1 | Our conversation today is all over the map, which, of course, is the way that I like it. |
| 1:04.2 | And Tom is a good sport, and Tom plays along, and Tom goes with the flow. |
| 1:09.8 | Without any further buildup for me, without any further delay, let's |
| 1:13.0 | jump right into my conversation today with Tom Bossa. I hope you enjoy. |
| 1:21.7 | Let's jump right in, Tom. I was thinking before I got on this call, I don't think I can take responsibility for this. |
| 1:33.7 | Maybe just a small percentage. |
| 1:35.6 | Obviously, it's been something building in you. |
| 1:39.3 | Can we officially stop talking about Tom being retired? |
| 1:46.1 | You and everybody else keeps telling me that. |
| 1:49.3 | I have this dream that the book will come out. |
| 1:53.2 | It will be well received and everything will be great. |
| 1:56.0 | I'll do a few interviews here and there. |
| 1:58.4 | I'm working on this trading platform. |
| 2:02.1 | It's going to be named SimTrader, we think. It's well along. I'm working on this trading platform. It's going to be named SimTrader, |
| 2:08.0 | we think. It's well along. I'm almost totally automated on it now, alpha testing it. |
... |
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