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Michael Covel's Trend Following

Ep. 894: Michael O'Leary Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 17 August 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

My guest today is Michael O'Leary. He was on the founding team of Bain Capital's social impact fund. Previously, he invested in consumer, industrial, and technology companies through Bain Capital's private equity fund. He has served as an economic policy advisor in the United States Senate and on two presidential campaigns.

The topic is his book Accountable: The Rise of Citizen Capitalism.

In this episode of Trend Following Radio we discuss:

  • Corporate Structure
  • Warren Valdmanis
  • Capitalism
  • Business Value
  • Gun Violence
  • Global Corporations
  • Capitalism in America

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

Click on a timestamp to play from that location

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'm holding this fine new title in my hands, this new book, called Accountable,

0:41.4

The Rise of Citizen Capitalism.

0:44.4

My guest today, Michael O'Leary, is the author of this new book.

0:48.5

And I don't know how you can get into this subject without getting controversial.

0:53.1

At least some people are going to love you and some people are going to hate you.

0:59.0

Michael argues that corporations are broken.

1:02.4

No deeper purpose than profit.

1:06.2

Now, some people might disagree with that little statement right there.

1:09.6

But that's the whole point of this podcast. Let's get it out there and let's have a little bit of an intellectual joust.

1:16.1

Michael makes the case that if corporations can be accountable to a deeper purpose, we can make

1:23.1

capitalism both prosperous and good.

1:33.7

Again, just with this simple setup, I'm sure I've got half the audience going yes and half the audience going no.

1:36.9

But that's why I love doing this podcast.

1:39.6

Let's get us all out there in the thinking circle and let's debate it.

1:46.0

Without any further delay, let's jump right into my conversation today with Michael O'Leary.

2:04.6

I'm thinking about the idea of a corporation. I happen to have one. It happens to be a C corporation. And I don't know the structure of

2:10.3

Amazon's corporate structure. It's probably quite complicated. But in a nutshell, if I had to

2:15.8

take myself back to the mid-1990s when I set up a corporation,

...

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