TTU52: Do Amazing Things Just By Showing Up ft. Rob Hartman of Pacific Capital Advisors – 2of2

Top Traders Unplugged

Niels Kaastrup-Larsen

News, Investing, Business News, Business

4.8 • 715 Ratings

🗓️ 18 December 2014

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Rob Hartman knows that showing up is half the battle when it comes to work in any industry. But his viewpoint as a solo fund manager give us deep insight into the inner-workings of a firm and how it deals with drawdowns, track record, and investors’ questions. In Part 2 of our conversation with Rob, we dive into his models and programs and how each of them works. We also learn about Rob’s background that helps round out this picture of a successful manager.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

Why Hannah Montana has some life lessons to teach.
Rob’s track record and how to read it.
What happened when he changed his strategy.
The details of the programs he runs.
How Vanguard, his flagship product, works.
How he manages his momentum trades, or trend following trades.
Why his thoughts on position sizing have evolved over time.
How he conducts his research and why he doesn’t do any discretionary trading on his models.
The risk that he focuses on as a smaller manager and how he manages that risk.
How he deals with questions about drawdowns from investors.
How Rob copes emotionally when he experiences a drawdown.
What his research process is without a research team.
What is the optimal number of rules for Rob’s models to have.
What questions investors are missing in their due diligence.
Books he would recommend for would-be managers.
The advice he gives to his kids and the lessons he wants to pass on.

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Resources & Links Mentioned in this Episode:

Van Tharp – Trade Your Way To Financial Freedom
Rishi Narang – Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading

Rob also mentions getting inspiration from Kathryn Kaminski, who was our guest on Episode 41 and Episode 42.

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Rob Hartman on Linkedin.

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	What I try to tell them and I try to practice this is, and I saw it in the workplace in my prior career, is that you're going to be up in the 95th percentile if you wake up, get up, show up.
0:15.0	And you don't have to know exactly what to do, but just start working on things.
0:20.0	And you will get amazing things done. You know, you may be brilliant, that's do, but just start working on things. And you will get amazing things done.
0:22.6	You may be brilliant, that's wonderful, but just keep showing up.
0:26.6	And if you have the right philosophy and the right belief system and the right values,
0:30.6	you combine those things and you can, I believe anybody can do just amazing things.
0:36.6	Being prepared for when things don't work out as planned is very important.
0:42.4	But planning for failure is not planning to fail.
0:46.5	Fate has ordained the men who went to the moon to explore in peace,
0:51.1	will stay on the moon to rest in peace.
0:54.4	These are the words from a speech that President Nixon had prepared in case of a failure
1:00.0	when the US launched Apollo 11 to the moon back in 1969.
1:05.6	But President Nixon did not have to use this speech.
1:09.0	Instead he used the other speech he had prepared, namely the
1:12.7	one to be used in case of a successful moon landing and return. Having a plan B and being prepared
1:20.6	for the unexpected, well, that's what we're talking about in today's episode of Top Traders Unplugged.
1:28.6	Welcome back to Top Traders Unplugged, where the best traders in the world come to share
1:33.2	their experiences, their successes, and their failures.
1:36.5	Let's rejoin the conversation with your host, veteran hedge fund manager, Neil's
1:40.6	Kastra Larson.
1:55.3	In due course, if you take care.
1:59.1	Let me, this is sort of a spur of the moment,
	...

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