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The Mental Side of Managing Money
Joy lost their interest in the job a little bit, having to deal with people and their anxieties. I'm much more much happier just trading my own. A good money manager tries to understand that they have those anxieties or explain how they should be looking at situations. But in my case, I found myself unable to convince most clients to think like I think.
Tom Basso: Market Wizards Mr Serenity
Tom Basso first came to prominence when he was featured in Jack Schwager’s second Market Wizards book “New Market Wizards”. His chapter is called Mr Serenity. In the introduction to the interview with Tom, Jack, made a point of saying, that “although Tom’s results are significantly better than the industry average, they were ‘hardly extraordinary’. And yet, ‘Jack says, “in an important sense, Basso is perhaps the most successful, trader I have ever interviewed.” This success Jack Schwager referred to, stemmed from Tom’s ability to make money, and yet remain calm, centred and completely balanced, living the life he wanted to live, and doing the things he wanted to do, without it being dictated by the market, or his ego’s response to the market.
As you will hear in this interview, very little has changed. Tom has achieved extraordinary success, both financially, and in the way he has lived his life. And, if we are honest, trying to get both of these to happen together is an extraordinary feat.
You will enjoy this interview and will learn so much that is important to consider, when taking and managing risk, and remaining in control, in a way which allows you to ‘enjoy the ride’.
You can find out more about Tom at this website: https://enjoytheride.world/
And on Twitter: https://twitter.com/basso_tom
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AlphaMind Podcast Sponsor: The Society of Technical Analysts (The STA):
The Society of Technical Analysts provide world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver to students at the London School of Economics and has been created by many of the leading minds in the field of technical analysis.
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Twitter: Steve Goldstein bit.ly/3J9SNHQ Mark Randall bit.ly/3uqL9Ez
LinkedIn AlphaMind Group: bit.ly/3vwo6Hu The AlphaMind Project Ltd: bit.ly/3O
AlphaMind: Powering Performance in Global Markets
AlphaMind brings powerful change, growth and development to people and businesses within global markets.
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