#1421 Tom Sosnoff | World’s Greatest Trader Reveals His Secrets
The Pomp Podcast
Anthony Pompliano
4.8 • 1.9K Ratings
🗓️ 14 October 2024
⏱️ 61 minutes
🧾️ Download transcript
Summary
Tom Sosnoff is the Founder of TastyTrade and the CEO of TastyLive. He is also an entrepreneur with over $2 billion in exits. In this conversation, we discuss economic data points that may be wrong, how he built such great products, how he thinks about trading 100 positions a day, why he makes 18,000 trades per year, and the daily mindset of a trader.
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Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's up, everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp |
| 0:07.7 | podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, |
| 0:21.1 | and tell your friends and family about the podcast. My goal is to help millions learn from the |
| 0:26.5 | world's most interesting people. So let's get in to today's episode. What's up guys? Today I've |
| 0:31.7 | got a great episode with Tom Sazzov. He is the founder of Tasty Trade and the CEO of Tasty |
| 0:36.0 | Live. He also happens to be an entrepreneur with nearly $2 billion in exits, including selling, |
| 0:41.8 | Think or Swim, the great brokerage account, for $750 million back during the global financial |
| 0:46.7 | crisis. |
| 0:47.5 | This conversation will blow your mind. |
| 0:49.3 | Tom brings a fresh perspective to understand why many of the data points that you've been |
| 0:53.2 | told, they're wrong, why he built such great products, how he thinks about trading a hundred |
| 0:58.4 | positions per day, why he makes 18,000 trades a year, and what exactly is going on in |
| 1:03.6 | the trader's mindset throughout the day giving so much information, so many different moves |
| 1:07.1 | in financial assets, and why he also thinks that he could literally just tell you |
| 1:11.2 | all the answers to various economic outcomes or political outcomes and you still couldn't trade it |
| 1:16.2 | correctly. This conversation will make you laugh and it also will inform you. Here's my conversation |
| 1:20.6 | with Tom Saznoff. Anthony Pompliano runs pomp investments. All views of him and the guests on his |
| 1:27.0 | podcast are surely their opinions and do not reflect the opinions of pomp investments. All views of him and the guests on his podcast are surely their opinions |
| 1:28.7 | and do not reflect the opinions of pomp investments. You should not treat any opinion expressed |
| 1:33.6 | by pomp or his guest as a specific inducement to make a particular investment or follow a particular |
| 1:38.9 | strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only. |
| 1:45.8 | Today's episode is brought to you by Gemini. Gemini is a fantastic platform. How do I know? |
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