Michael Covel's Trend Following
Ep. 1317: Tom Basso Interview with Michael Covel on Trend Following Radio
Dec 16, 2024
In this conversation, Tom Basso, an esteemed hedge fund manager and author known as "Mr. Serenity," shares his insights on a range of thought-provoking topics. He discusses the importance of equal opportunity versus equal outcomes in achieving success. Basso critiques government spending and highlights the necessity of an efficient economic policy. He emphasizes education's role in trading and discusses overcoming public speaking fears. Lastly, he touches on the dynamics of polling versus betting markets and shares personal anecdotes from his trading journey.
42:07
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Quick takeaways
- Tom Basso emphasizes the critical distinction between equal opportunity and equal outcomes, advocating for individual skill leverage in the marketplace.
- Aspiring traders should cultivate a blend of technical skills in math and data processing alongside effective communication to succeed in today's trading environment.
Deep dives
Tom Basso's Retirement Journey
Tom Basso retired at the age of 51 but continues to engage actively in trading and interviews, showcasing a remarkable shift in his life post-retirement. Initially, he took a year off from trading, focusing instead on personal activities like gardening, working out, and golfing. However, his return to the financial world was prompted by demands from friends and social media during the COVID-19 pandemic, leading to a resurgence in his popularity as a financial commentator. Over time, he has gained a large following, suggesting that his insights and positive demeanor resonate with many more people now than when he was a money manager.
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