20VC: Alex Rodriguez (AROD) on Investing Lessons from Warren Buffet, How a Meeting with Magic Johnson Changed His Approach to Business and The Single Best and Worst Investment Decisions he has Made and Why AROD Is Not Buying More Real Estate

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 5 May 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Alex Rodriguez is a businessman and the Chairman and Chief Executive Officer of A-Rod Corp, a broad-based investment firm that bets on world-class startups and partners with leading global companies across the real estate, health and wellness, technology, and sports & entertainment industries. While best known as one of the world’s greatest athletes (a 14x MLB All-Star and a 2009 World Series Champion with the New York Yankees), for more than 25 years, Alex leads a team of experts building high-growth businesses and is co-owner of the Minnesota Timberwolves.

In Today's Episode with Alex Rodriguez

1.) From MLB to Business MVP:

How Alex made his transition from one of the world's greatest athletes to the world of business?
What does Alex know now that he wishes he had known at the start of his business career?
What is Alex running away from? How do his insecurities drive him?

2.) Lessons from Magic Johnson and Warren Buffet:

What are some of the single biggest lessons Alex has learned from his time with Warren Buffet?
How did Magic Johnson impact Alex's approach to business?
What is Magic Johnson's framework? How can others use it as a blueprint for their career?

3.) Alex Rodriguez: The Business Builder and Investor:

What has been Alex's single biggest investing hit? What did he learn from it?
What has been Alex's single worst investment decision? How did that change his approach?
Why is Alex not buying real estate currently? How does he view the future of real estate buying?

4.) Alex Rodriguez: The Father and Son:

How did having two daughters impact Alex's approach to business and life?
What have been Alex's single biggest lessons from seeing his single mother operate?
How does Alex reflect on his own relationship to money? How has it changed?

Transcript

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0:00.0	I think I learned from more and a few things. He always talks about sticking to your circle of competence.
0:06.1	Number two, he always talks about buy the best and forget the rest. And then he always talks about
0:12.6	separating emotion from investing. Being a great investor, companies, stocks, they don't care about your emotions.
0:19.9	I mean, I am excited for the show's day.
0:21.6	It is not every day we welcome one of the greatest athletes of all time to the hot seat.
0:25.6	Alice Rodriguez joins us in the show's day.
0:27.6	Alice is a 14 times MLB All-Star and is a 2009 World Series champion with the New York Yankees.
0:34.6	And in the world of business, Alice is the chairman and CEO of A- Arod Corp and his co-owner of the Minnesota Timberwolves.
0:40.3	This was an amazing discussion with lessons from Warren Buffett, Magic Johnson, incredible investing lessons both from wins and losses.
0:47.3	But before we dive into the show today, you've heard me talk about Coda and how Coda is the doc that brings it all together.
0:53.3	Well, it helps your team run smoother and be more efficient.
0:57.0	I know this because Coda helps me.
0:59.0	At 20 VC, we do so many references before each show, and that leads to a ton of data.
1:03.0	It needs to be easy for everyone on the team to access and draw from.
1:07.0	Coda makes this a dream, and so here's how Koda can help your team run smoother and be more
1:11.5	efficient. Koda allows your team to operate on the same information and collaborate in one place
1:16.5	by putting all of your data in one centralized location, regardless of format, eliminating roadblocks
1:21.6	that can stop your team in their tracks. So you'll never need to ask, where are the latest project
1:26.2	updates? Anyone know where the performance stats are?
1:28.3	This is what slows down productivity and with Coda, your team can operate on the same information and collaborate in that one place to get across the finish line faster.
1:37.3	Help your team run more smoothly, more efficiently with Coda.
1:40.3	Get started for free by heading over to Coda.io slash 20VC, that's coda.combo.com and get started for
	...

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