Ep. 1290: Rob Wolcott Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 3 June 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Rob Wolcott, Co-Founder & Chairman of TWIN Global. Rob is an Adjunct Professor of Entrepreneurship at Booth, and an Adjunct Professor in Executive Education at the Kellogg School of Management. He serves on the advisory board for the Open Innovation Lab of Norway; H-Farm, the leading digital innovation ecosystem in Italy. Wolcott is also a managing partner with Clareo, an innovation strategy consultancy serving senior executives at global corporations such as Exelon, BHP, Griffith Foods, Zurich Insurance, Owens Corning and others.

The topic is his co-authored book Proximity: How Coming Breakthroughs in Just-in-Time Transform Business, Society, and Daily Life.

In this episode of Trend Following Radio we discuss:

Entrepreneurship vs traditional jobs
Optionality and portfolio careers
Digital technologies and proximity concept
Innovation in supply chains
Technological advancements
Concentration of power in large platforms
Role of dystopias and human behavior
Preventive healthcare and technology
Cultured meat and sustainability

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.
0:33.5	My guest today asks the provocative question.
0:39.5	What if you could have whatever you want produced and provided immediately and effortlessly, no matter how customized with minimal environmental
0:46.3	impact? Question mark. My guest today, Rob Walcott gets into this idea, this idea of proximity.
0:57.0	What's going to happen to all of us, society, life, the state, when everything is essentially
1:05.6	just in time?
1:08.4	Now there'll be some things we can always argue about that are never going to be just in time,
1:11.9	but a lot is going to change. And this concept of just in time, we've not thought it through
1:19.7	properly, but it's going to hit us. Are you ready? Is your family ready? Your friends ready? Your kids ready. Because if everything
1:31.1	becomes closer to the moment of demand, society changes. It shifts. It doesn't go back.
1:41.6	Now, is this necessarily a good thing? That's a whole conversation as well.
1:47.0	Without any further delay from me, let's jump right into I'm very fond of because I don't think I've had an engaged a job or a real job since really age 19, 22, somewhere in there,
2:21.4	working in the circuit city warehouse, maybe a bartender for six months. That's about it. I'm a
2:26.4	Gen X guy who kind of came along right when Netscape went public. It was pretty obvious. I better
2:31.8	do something online. Kind of sets the stage, I guess, where I want to bring up.
2:35.7	Before we've been dive into your main content, as a professor of entrepreneurship, a place like the University of Chicago, I would really love for you to set the stage and give me some perspective as an outsider looking in, hauling you from Hocci Chi Men City, Vietnam, a place where there's
2:53.1	a hell of a lot of capitalism, to say the least, and a hell of a lot of entrepreneurs.
2:57.2	I guess the way that I asked that is, I'm always surprised as a Gen X guy spurred on by
3:05.2	Andreessen launching Netscape in 95, I'm always surprised that the word job is so bandied about these days.
	...

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