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Michael Covel's Trend Following

Ep. 991: Tom Basso at Collin Seow Event with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 23 July 2021

⏱️ 75 minutes

🧾️ Download transcript

Summary

Please enjoy Tom Basso at Collin Seow Event on Trend Following Radio. This episode may also include great outside guests from my archive.

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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.

0:33.5

No big intro on my guest today.

0:36.1

Tom Baso has appeared many times on this podcast, a favorite guest of just

0:43.0

about everyone. I actually have at this very moment a new book out about Tom called Trend Following

0:50.4

Mindset. You might want to check that out. Tom and I just appeared on a webinar, an event in Singapore, hosted by Colin Seow.

1:01.8

Colin, a friend of mine for a long time.

1:03.6

He's had me speak at many events in Singapore.

1:06.7

And this was kind of all over the map and quite fun with Tom.

1:10.4

So sit back and I hope you enjoy this conversation with Tom Basso, one that was kindly hosted by Colin Seow in Singapore.

1:21.1

Please enjoy.

1:38.4

Thank you. I noticed that Tom liked something on my Facebook in the last 24 hours.

1:40.8

And I want to read what he liked. It was a tweet or something that I quoted from a guy named Perik Patel,

1:47.6

CFA. It looks like an Indian guy, so CFA. And he said on this tweet, the best performing assets of

1:56.3

2021 are, number one, a failing video game retailer, number two, a cinema chain close to bankruptcy,

2:05.6

and number three, a dog-themed cryptocurrency. Now, in most parts of the investing world,

2:14.1

people might start laughing, and even in the Trinfong world, we might start laughing. But I have a sneaky suspicion that when Tom saw that, yes, he might start laughing. And even in the triumfying world, we might start laughing.

2:18.1

But I have a sneaky suspicion that when Tom saw that, yes, he might have chuckled,

2:22.0

but he said to himself, I don't care what those things are. I could trade them. Is that fair, Tom?

2:28.6

That's fair. I actually like the whole thing because it shows a little bit of the absurdity of the markets

...

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