TTU51: Planning for Failure, Not Planning to Fail ft. Rob Hartman of Pacific Capital Advisors – 1of2
In starting any business, you run into unexpected roadblocks and challenges, and you learn something from each mistake. Our next guest is the founder of a trading firm who has grown his business twice and learned how to overcome the barriers in his way. We can learn a lot from someone who is ready for the unexpected whether it is good or bad.
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In This Episode, You’ll Learn:
- About his childhood in Upstate New York and Pennsylvania.
- Rob’s interest in music and sports.
- How his early Rock and Roll career faired and how he went into the financial industry.
- How he got hired at IBM.
- His years at IBM and the lessons it taught him.
- How his fascination for trading started after he began a consulting business.
- The tipping point: when he went full-in to the trading business.
- How he learned about different strategies and tested them.
- When he came upon trend following and what made him stick with it.
- What kind of trend following he started with.
- How a drawdown taught him he needed to differentiate himself from other managers.
- The lessons that his first expansion stage taught him.
- The big event that happened after 2010 that changed everything.
- About MF Global and the meltdown of that firm.
- An overview of the programs that his firm runs.
- How he manages investor expectations with a small team.
- How he outsources operational roles in order to cut costs and remain a one-man shop.
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