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#98 Tom Basso: Market Wizard's Mr Serenity

The AlphaMind Podcast

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What Are You Thinking About When You're Getting Started in Stock Trading?

I think I viewed the markets and trading in general as a puzzle. A lot of people in my opinion get fooled into thinking that trading is going to pay out just like a cash machine. It's incredible hard work and it's a deep scale that takes many years to learn. What I was worried about is too many people out there are one dimensionally stock market oriented. The whole world is pretty much tied together anymore, you can't get the diversification by going off and buying some footsies. Back in the day, maybe in the 70s and 60s, maybe there was some diversification effect. There's a lot less now.

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