#98 Tom Basso: Market Wizard's Mr Serenity
The AlphaMind Podcast
The Mental Side of Trading
Tharp's book on position sizing is so big you could use it as a doorstop. It covers everything you ever wanted to know and then some about position sizing. My position sizing book is not a doorstop and just focuses on what I do as a suggestion, says Tharp.
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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