51 Planning for Failure, Not Planning to Fail with Rob Hartman of Pacific Capital Advisors – 1of2
Summary: "Staying organized is not so hard - the really tough stuff is figuring out how to make money for people." - Rob Hartman (Tweet)<br> 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.<br> <br> Thanks for listening and welcome our guest Rob Hartman.<br> <br> <br> <br> Subscribe on:<br> <br> <br> In This Episode, You'll Learn:<br> <br> About his childhood in Upstate New York and Pennsylvania.<br> Rob’s interest in music and sports.<br> "I was an OK student - but the things I was interested in I was fanatical about." - Rob Hartman (Tweet)<br> <br> How his early Rock and Roll career faired and how he went into the financial industry.<br> How he got hired at IBM.<br> His years at IBM and the lessons it taught him.<br> How his fascination for trading started after he began a consulting business.<br> "It was the dot-com boom - this place was just going crazy here in the Bay Area." - Rob Hartman (Tweet)<br> <br> The tipping point: when he went full-in to the trading business.<br> How he learned about different strategies and tested them.<br> When he came upon trend following and what made him stick with it.<br> "The trend following approach seemed to be reasonably profitable and I could just rationalize it pretty well on a go-forward basis." - Rob Hartman (Tweet)<br> <br> What kind of trend following he started with.<br> How a drawdown taught him he needed to differentiate himself from other managers.<br> The lessons that his first expansion stage taught him.<br> The big event that happened after 2010 that changed everything.<br> "MF Global happens, and essentially overnight I’m out of business." - Rob Hartman (Tweet)<br> <br> About MF Global and the meltdown of that firm.<br> An overview of the programs that his firm runs.<br> How he manages investor expectations with a small team.<br> "What’s the single point of failure? Well clearly it’s me." - Rob Hartman (Tweet)<br> <br> How he outsources operational roles in order to cut costs and remain a one-man shop.<br> <br> Resources & Links Mentioned in this Episode:<br> Learn about IBM.<br> <br> Find out more about MF Global and events surrounding that company's bankruptcy.<br> This episode was sponsored by Swiss Financial Services:<br> <br> Connect with Pacific Capital Advisors:<br> Visit the Website: www.PacificCapitalAdvisors.com<br> <br> Call Pacific Capital Advisors: +1 650-988-9721<br> <br> E-Mail Pacific Capital Advisors via this form.<br> <br> Follow Rob Hartman on Linkedin<br> "I think of systematic trading as a wonderful way to do as much worrying as you can as soon as possible." - Rob Hartman (Tweet)
