Ep. 841: Tom Golisano Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 14 February 2020
⏱️ 43 minutes
🧾️ Download transcript
Summary
My guest today is Tom Golisano, an entrepreneur, philanthropist, civic leader, and former owner of the Buffalo Sabres NHL team—is the founder and chairman of the Board of Paychex, Inc., headquartered in Rochester, New York, with more than 15,500 employees and 100 office locations nationwide. Still active in business and philanthropy, he currently mentors the entrepreneurs who run the businesses in which he has invested, and he also oversees his family's charitable foundation. To date he has donated over $250 million to a wide range of charitable causes, including educational institutions, children's hospitals, and especially organizations working with people who have developmental and intellectual disabilities.
The topic is his book Built, Not Born: A Self-Made Billionaire's No-Nonsense Guide for Entrepreneurs.
In this episode of Trend Following Radio we discuss:
- Tested and proven, no-nonsense advice on how to navigate risk and succeed in all phases of business ownership
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. |
| 0:33.4 | Now this is a fun introduction to do. |
| 0:37.1 | Why? Because I get to say this. My guest today is a |
| 0:43.0 | self-made billionaire. Now, how cool is that? That's the goal that we all dream about. And my guest |
| 0:51.6 | today, Tom Golassano, the founder of the payroll processing company Paychecks, has made it happen. |
| 1:00.1 | You know, in this day and age where it sounds like hard work and good ideas are not all that, |
| 1:09.0 | it's so damn refreshing to jump in and have a conversation with a guy who truly |
| 1:15.9 | started at the bottom and made it happen. And you know before you hear Tom talk, there's going to be |
| 1:23.8 | some lesson, some nugget, something that can assist your life. Perhaps it's just |
| 1:31.3 | that aha moment of understanding how he thinks about something. That's what we all need. We need |
| 1:38.0 | the experience from others. We need the insight from others, those that have walked ahead of us |
| 1:42.5 | that have gone down the path. |
| 1:50.5 | And as I said from the top, it just so happens that Tom has one of those fantastic success stories that makes you stop and pay attention. Without any further delay, let's jump right |
| 1:55.6 | into my guest today, Tom Galesano and gain a little wisdom. |
| 2:11.8 | Music Tom Galesano and gain a little wisdom. So Tom, here's where I wanted to start today. |
| 2:14.9 | There's this controversy out there. |
| 2:20.9 | There's these evil, evil, evil billionaires that Bernie Sanders are talking about. They should not even exist. Now, in my mind, the idea of |
| 2:26.3 | being a billionaire has always been very simple American dream. Come up with a great idea, |
| 2:31.7 | work hard. If you get a little luck on your side, something big will happen. |
... |
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