Ep. 890: David Cote Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 3 August 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
My guest today is David Cote, the Chairman and CEO of the industrial giant Honeywell over 16 years, David Cote grew the company's market capitalization from around $20 billion to nearly $120 billion, delivering returns of 800 percent and beating the S&P by nearly two and a half times. Currently, David is Executive Chairman of Vertiv Holdings Co, a global data center products and services provider. He is a member of the Aspen Economic Strategy Group and on the Boards of the Council on Foreign Relations and the Conference of Montreal.
The topic is his book Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term.
In this episode of Trend Following Radio we discuss:
- Business Leadership
- Visibility and Performance
- Values and Education
- COVID Situation in the US
- Business Meetings
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 | I love going in different directions in this podcast, but I especially love the opportunity |
| 0:40.0 | to really get a chance to dive in with someone who's made a big dent. |
| 0:46.4 | My guest today, David Cody, has made that dent. |
| 0:50.9 | Was CEO of Honeywell, Fortune 100 Honeywell, for over a decade. Now, his first book, |
| 0:59.1 | Winning Now, Winning Now, Winning Later. The whole notion of how does one blend the short-term thinking |
| 1:04.9 | with the long-term thinking. I've learned over the last eight or nine years doing this podcast when you have a chance |
| 1:13.8 | to go down the path with somebody who's confident. |
| 1:18.2 | Now, I'm not saying my other guests are not confident. |
| 1:21.2 | Most of my guests are very confident. |
| 1:23.3 | But there's something about those people who achieve at the highest level. |
| 1:28.6 | There's a certain calmness, a confidence. |
| 1:31.8 | I don't know how to describe it exactly. |
| 1:34.5 | My guest today has it. |
| 1:36.5 | Without any further delay, let's jump right in with David Cody. Speaking of the American Dream, I had to go pull up the Honeywell stats tonight just to briefly see where Honeywell sat in the pecking order. And it's right up there in |
| 2:03.1 | the pecking order, a super successful company that you've had a chance to be a part of for |
| 2:07.5 | the better part of this century. And your background is pretty dang amazingly average. |
| 2:14.3 | Ordinary. Listen, I don't say that in any disrespectful way. |
| 2:18.0 | Believe you, I don't take it that way because I understand. |
... |
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