The guy who wins the most hands is not the guy who makes the most money in the long run. The guy who never loses a hand is not the guy who makes the most money in the long run.
Think about it. Or don’t.
Note: Shout to Tony Hsieh for the words. My film takes the thought further.
My guest today is Howard Getson, an entrepreneur and president & CEO of Capitalogix. Getson is an associate of Stendahl. Getson has a degree in psychology and philosophy from Duke University, an MBA and law degree from Northwestern, and has practiced corporate law. Getson is running a hedge fund today as well as a quant research shop, and he’s in the business of systematically finding edges through all sorts of different approaches – not only trend following. Getson started his first business in the sixth grade, and he has always had the mind of an entrepreneur.
The topic is entrepreneurship.
In this episode of Trend Following Radio we discuss:
Getson’s legal background and how being a practicing corporate attorney influenced his trading and other business practices – as well as how a diverse background can help
“E-gene”, and how entrepreneurism is at the core of what both Getson and Covel practice
How hunches can be dangerous
Turning your hobby into your business
Recognizing patterns
The “three levels of mastery” – cognitive, emotional, and physical
How minimum standards can define your life
How systematic trading can define your minimum standards
Controlling emotions through automation
Importance of travel with a focus on Southeast Asia in particular and why this area of the world is so important to keep an eye on
Listen to this episode:
Listen to this podcast on iTunes. (Please leave a rating!)
“What is striking is that the leading thinkers across varied fields–including horse betting, casino gambling, and investing–all emphasize the same point. We call it the Babe Ruth effect: even though Ruth struck out a lot, he was one of baseball’s greatest hitters.”
You have to get it–to survive. Ever hear political leaders talk like this? No, political leaders promote the nonsense that there will never be a stubbed toe again. Believe that?
