Chat With Traders 087: Tom Sosnoff – Speaks on Life Experiences, Trading Options, and Reaching Your Potential
10 snips
Aug 25, 2016 AI Snips
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Episode notes
The Caddy Master's Hustle
- Tom Sosnoff learned early life lessons about risk and probabilities from a caddy master, Jimmy Rocco.
- Rocco hustled young caddies in a chipping game, highlighting the importance of calculated risks.
The Chipping Game
- Jimmy Rocco used carpet samples and a garbage pail to create a chipping game.
- Caddies would bet quarters on making the shot, and Rocco, a skilled golfer, would often win.
Millennial Risk Aversion
- Tom Sosnoff believes millennials are more risk-averse than previous generations.
- He attributes this to higher education debt and societal pressures, hindering entrepreneurship and creativity.