Ep. 165: Tom O'Connell Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 5 October 2013

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Tom O'Connell of O'Connell Sports Management. Since 1997 O'Connell has represented over 70 professional baseball players and is a certified agent with the Major League Baseball Players Association.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

How O'Connell became the entrepreneur he is today, starting off in the club business
His plans for the baseball offseason
"Moneyball" and the use of statistics
Salary arbitration
Projecting results into the following year
The importance of risk
What O'Connell learned from working with baseball scouts
Competition amongst other agents
Comparisons to the hedge fund world
Some of the more interesting baseball characters that O'Connell has sat down with
The importance of getting out of your comfort zone

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.1	I am your host, Michael Cobell.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.1	Today in the show I have Tom O'Connell of O'Connell Sports Management.
0:38.5	Since 1997, Tom has represented over 70 professional baseball players and is a certified agent
0:44.5	with the Major League Baseball Players Association and the state of Florida.
0:49.4	This is a great story.
0:51.4	This is a fantastic entrepreneurial story about someone starting from scratch,
0:57.8	grinding it out, and having massive passion. It just so happens that one of Tom's first clients
1:06.4	might have been the first is a good friend of mine named Kevin Galaher.
1:17.7	Kevin appeared in my film, and at one point in time, through the baseball, very, very fast,
1:19.8	close to 100 miles an hour, if I'm not mistaken.
1:21.4	Kevin can correct me.
1:24.8	But anyways, six degrees of separation.
1:30.4	I met Tom several years ago, and I found out more about his business, and his business has just taken off, his sports management business.
1:33.9	And I thought it would be a fantastic story to kind of get in.
1:39.0	How does one start in the world of sports agents?
1:44.0	How does one start? Tom tells us. What a great story.
1:49.3	A lot of fun.
1:56.4	So I'm trying to, I got to get you in that frame of mind where you think back to back in the day
	...

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