Ep. 839: Rishad Tobaccowala with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 7 February 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Rishad Tobaccowala, the Chief Growth Officer at Publicis Groupe, an advertising and communications firm whose 80,000 employees worldwide are dedicated to delivering marketing and business transformation. He is responsible for supporting the leaders of Publicis Groupe's largest global clients, to help these organizations grow in a revolutionary time for all businesses.

The topic is his book Restoring the Soul of Business.

In this episode of Trend Following Radio we discuss:

The hidden key to successful transformation in any organization lies between human intuition and data-driven insights. Rishad draws on research and interviews, as well as over three decades of experience as a business and thought leader, to describe how digilog companies—ones where digital tools and analog people are integrated expertly—develop a hybrid consciousness and learn to be proactive when they see warning signs that human traits are being subordinated to technology and data only decisions.

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.
0:21.2	I am your host, Michael Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.3	My guest today is Rishad Tobacawala, and he has a new book, which is inspirational,
0:41.1	restoring the soul of business, staying human in the age of data.
0:47.3	We all need these reminders every now and again.
0:51.2	In a spreadsheet AI world with Boston Dynamics dogs sure to be on the prowl tracking
0:59.7	our every move through Skynet. It's nice. It's nice. And Rishad does this. It's nice to be
1:06.7	reminded of the human side, the art side. Because that's not going away. We can be seduced
1:15.6	by all the tech. We can be seduced by all these brilliant guys with Asperger's. But the social,
1:23.5	the human, the spirit, the art is not going away. And that means in business too. It's going to be a
1:32.1	combination going forward. It's not just going to be the spreadsheet mindset. Oh no, I'm not
1:39.9	trying to discount the spreadsheet mindset. Not trying to discount the AI mindset. It's going to be there.
1:45.7	But don't let it scare you.
1:47.7	There's a place for everyone.
1:49.9	But hey, we've all got to step up and take some control.
1:54.0	And my guest today does a great job of reminding us all.
1:58.0	Without any further delay, let's jump right into my podcast with Rishad Tobaccoala.
2:14.5	Right now in this particular point in time in history it sure seems like the spreadsheet has won
2:21.7	let me quant everything let me count everything let me apply a venture capital mindset of
2:30.1	90% losers 10% winners let's crunch math, let's get a positive mathematical expectation.
	...

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