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Ep. 442: Process, Outcome and Sport with Michael Covel on Trend Following Radio
Published 9 years, 11 months ago
Description
Today on Trend Following Radio Michael Covel reads Sam Hinkie’s resignation letter, former general manager of the Philadelphia 76er’s basketball team. His management strategy was stats driven. Sam talks about how critical it is to focus on process and not be fixated on the outcome. Process you can plan out and control, you can’t always control the outcome. The point Michael aims to make by reading the letter is not to show whether Sam was a good or bad GM. His wisdom is something we should all not just consider, but wisdom we should learn from.
In this episode of Trend Following Radio:
- Thinking about thinking
- The importance of intellectual humility
- The necessity of innovation
- The longest view in the room
- A contrarian mindset
- A tolerance of uncertainty
- Be long science
- A healthy respect for tradition
- A reverence for disruption