Ep. 180: Porter Erisman Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 10 November 2013
⏱️ 47 minutes
🧾️ Download transcript
Summary
My guest today is Porter Erisman, a former Vice-President at Alibaba Group (2000-08), China's internet giant. He witnessed it grow from humble beginnings into the world's largest e-commerce company.
The topic is his documentary Crocodile in the Yangtze.
In this episode of Trend Following Radio we discuss:
- What it was like working with Jack Ma
- Short-term vs. long-term entrepreneurs
- The lack of knowledge/insight America has for China
- The perceived threat of China to America
- Whether nationalism played into Ma's success
- The commonalities between the greatest internet entrepreneurial success stories
- Government interference with Alibaba
- How eBay was defeated by this small startup in China
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 Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.3 | My guest today is Porter Erisman. |
| 0:36.5 | His documentary film is titled Crocodile in the Yanksy. |
| 0:40.8 | It is the story of an entrepreneur, specifically a Chinese entrepreneur named Jack Ma. |
| 0:48.9 | If you've not yet heard of Jack, which I'd not heard of Jack, that's my mistake and your mistake. |
| 0:56.3 | Jack has assembled a net worth of over $3 billion. |
| 0:59.6 | All started from one little Internet e-commerce site. |
| 1:06.2 | That alone should get your attention. |
| 1:08.7 | But the reason I really wanted to have this conversation, as an American, as someone who has traveled Asia for most of 2013, |
| 1:18.5 | Porter's film is a great window in to the cultural differences and cultural similarities that exist across these many countries of our blue planet. |
| 1:33.6 | Even more specifically, it is the entrepreneurial manifesto. |
| 1:41.7 | This is one of those films where you watch and you might like, you might dislike, you might have |
| 1:46.7 | criticisms, you might have this, you might have that. |
| 1:48.5 | I don't care. |
| 1:49.4 | But it is that film you watch and you say to yourself, man, I can do this. |
| 1:55.9 | I can make something big happen. |
| 1:58.4 | And that alone, that alone, I salute Porter for making this film |
| 2:06.6 | they called him crazy jack can you see why people think it's so much hot air you |
... |
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