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Chat With Traders

271: Tom Basso - The Sweet Balance Between Risk and Reward

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 30 November 2023

⏱️ 76 minutes

🧾️ Download transcript

Summary

Experiencing the brutal bear market of 1973-74 impressed upon Tom the necessity to find ways to hedge risk. This began a multi year long quest to find the right combination of uncorrelated assets, technical indicators and adjust the weightings as needed to provide enough protection to fill in the potholes of equity drawdowns while retaining the bulk of upside potential. Having a sweet balance between risk and reward both in the financial markets and in his personal life has enabled Tom to maintain a serene disposition. Tom Basso’s Background: Tom Basso is an American hedge fund manager. He was president and founder of Trendstat Capital Management. He has authored two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. Basso graduated from Clarkson University in Potsdam, New York in 1974, where he majored in chemical engineering. Prior to his career in trading, Basso worked as an engineer for Monsanto Company. He became a registered investment advisor in 1980 and a registered commodities advisor in 1984. Basso established Trendstat Capital in 1984 and served as its CEO until his retirement. Having retired from active trading in 2003, he now manages his own portfolios and provides guidance to aspiring traders. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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smart moves. Go to tastyTrade.com forward slash pod and see for yourself genius.

1:06.7

Tasty Trade Incorporated is a registered broker dealer and member of FINRA

1:10.9

NFA and SIPC.

1:14.0

This episode is brought to you by Krakan.

1:17.0

crypto is like finance, but different.

1:20.0

It doesn't care when you invest, trade or save.

1:23.5

Do it on weekends or at 5 a.m.

...

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