This podcast episode delves into Tom's insights on hedging strategies, which he compares to "filling the potholes" in his investment journey, advocating for a balanced approach that prioritizes mental well-being and risk management. He shares valuable lessons from historical market downturns, such as the 1987 crash and the 1973-74 bear market, while emphasizing the role of behavioral economics in trading. Tom highlights the significance of simplicity, diversification, and emotional awareness in developing an effective trading strategy, ultimately encouraging listeners to cultivate mindfulness and prepare for market volatility.
