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Michael Covel's Trend Following

Ep. 910: Robert M. Rosenberg Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 12 October 2020

⏱️ 77 minutes

🧾️ Download transcript

Summary

My guest today is Robert M. Rosenberg, the Chief Executive Officer of Dunkin' Donuts from 1963 until his retirement in 1998. Under his leadership, the company grew from a regional family business to one of America's best known and loved brands. Rosenberg received his MBA from Harvard Business School, and in just weeks after graduating at the age of 25, assumed the position of chief executive officer. Dunkin' Donuts was a publicly owned company from 1968 until 1989 and earned a reputation for extraordinary stockholder returns. In that 21-year period, it earned its investors a 35 percent compound rate of return. After retiring from Dunkin, Rosenberg taught in the Graduate School at Babson College and served many years on the boards of directors of other leading food service companies, including Domino's Pizza and Sonic Restaurants.

The topic is his book Around the Corner to Around the World: A Dozen Lessons I Learned Running Dunkin Donuts.

In this episode of Trend Following Radio we discuss:

  • History of Dunkin Donuts
  • Food Service Companies
  • Business Strategies
  • Planning, People and Product
  • Define Reality

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 Coval, not filtered, raw, honest.

0:27.4

That's my passion.

0:33.4

Now, this is why I do this podcast for the chance to have a 90-minute conversation with the former CEO of Dunkin' Donuts for 35 years.

0:46.8

Wow, how fortunate.

0:49.1

How fortunate of an opportunity to jump in and get some history to find out how things happened.

0:58.7

My guest today is Robert Rosenberg.

1:01.4

Now, his father started Dunkin' Donuts, and it was sort of small kicking along.

1:09.0

But Robert, once he got involved at age 25, his father made him

1:14.1

president. I believe that's the right age. We'll find out if I'm wrong in the episode. But at age

1:20.6

25, he takes over as CEO. Now, right there, what an amazing story.

1:30.2

Absolutely amazing.

1:34.9

How many people get to be there at that opportunity?

1:37.4

Well, the answer is not many.

1:50.0

And I'm so, again, happy, fortunate to dive in deep with an original American story. And I got to tell you, the Dunkin' Donuts story has crossed so many financial thresholds, IPOs, takeovers, potential hostel takeovers.

1:59.5

I mean, what a story. This is one of those books that you should

2:03.9

add to your reading list. So without any further delay, let's jump right into my conversation with

2:10.6

Robert Rosenberg discussing his book, Around the Corner to Around the World, a dozen lessons I learned running Dunkin' Donuts.

2:21.1

But I got to tell you, this is one of those books

2:23.0

where you're going to walk away with something.

2:25.6

Said, dive in.

...

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