Tom Basso
Tom Basso | |
|---|---|
| Born | Thomas F. Basso |
| Alma mater | Clarkson University |
| Occupation | Hedge fund manager |
Thomas F. Basso is an American hedge fund manager. He was president and founder of Trendstat Capital Management.[1] He is the author of 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 is widely known in the trading community as "Mr. Serenity" due to his calm and disciplined approach to trading. He was featured in Jack Schwager's book "The New Market Wizards" and has been interviewed in various financial publications, including Forbes and Bloomberg, where he shared insights on market trends and trading strategies.[2]
Education
[edit]Basso graduated from Clarkson University in Potsdam, New York in 1974, where he majored in chemical engineering.[3]
Career
[edit]Before trading, Basso became an engineer for Monsanto Company.[4] Basso became a registered investment advisor in 1980 and a registered commodities advisor in 1984. He founded Trendstat Capital in 1984, and served as its CEO until his retirement.[5]
At Trendstat Capital, Basso developed and implemented systematic trading strategies, focusing on trend-following approaches in futures markets. His firm managed over $600 million at its peak and was known for its consistent performance over two decades.[6]
Retired from active trading in 2003, he is enjoying managing his own portfolios and helping new traders learn their craft.[1]
Trading Philosophy
[edit]Basso is known for his systematic approach to trading and his emphasis on risk management. He advocates for a long-term perspective and emotional control in trading. Some of his key principles include:[7]
- Treating trading as a business rather than a series of individual trades
- Focusing on the process rather than the outcome of each trade
- Maintaining a balanced lifestyle to support trading performance
- Using position sizing as a key risk management tool
Legacy and Influence
[edit]Basso's approach to trading and risk management has influenced many traders and fund managers. He continues to share his knowledge through interviews, podcasts, and occasional speaking engagements. His emphasis on psychological preparation and discipline in trading has made him a respected figure in the trading community.[8]
References
[edit]- ^ a b This is corrected information from the subject of the page, Tom Basso
- ^ "Panic-Proof Investing". blackwells.co.uk. Retrieved 2024-11-07.
- ^ "Clarkson University: Tom Basso '74 & Brenda Russell-Basso". Retrieved October 13, 2015.
- ^ "When I first met Tom Basso, I was immediately struck by his incredible ease about trading". olesiafx.com. Retrieved 1 February 2011.
- ^ "Thomas F. Basso of Trendstat Capital Management".
- ^ "Panic-Proof Investing: Lessons in Profitable Investing …". Goodreads. Retrieved 2024-11-07.
- ^ "Tom Basso: Learn from a Market Wizard - Analyzing Alpha". analyzingalpha.com. 2023-04-19. Retrieved 2024-11-07.
- ^ "Ep. 1174: Tom Basso Interview with Michael Covel on Trend Following Radio". Apple Podcasts. Retrieved 2024-11-07.
Notes
[edit]- Hartle, Thom (November 1993). "The Traders' Psyche: Tom Basso". Stocks & Commodities magazine. Retrieved 2006-09-05.
- Basso, Thomas F. (February 1, 2001). "Timing the Market Revisited". Financial Planning magazine. Retrieved 2006-08-27.
- Basso, Thomas F. (1994). Panic-Proof Investing. Wiley. ISBN 0-471-03024-4.
- Basso, Thomas F. (1992). The frustrated investor. Trendstat Capital Management. ASIN B0006F1UQM.
Further reading
[edit]- Schwager, Jack D. (1995). The New Market Wizards (New ed.). Wiley. ISBN 0-471-13236-5.
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| National | |
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- 1956 births
- Living people
- American business writers
- American chemical engineers
- American commodities traders
- American economics writers
- American finance and investment writers
- American financial analysts
- American hedge fund managers
- American investment advisors
- American investors
- American money managers
- American stock traders
- Clarkson University alumni
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- American business biography, 1950s birth stubs
- 20th-century American businesspeople