Capital Allocators – Inside the Institutional Investment Industry Alex Rodriguez – Business after Baseball (Capital Allocators, EP.198)
Jun 7, 2021
In this enlightening discussion, Alex Rodriguez, a former MLB superstar and current CEO of A-Rod Corp, shares his transition from baseball to business. He reflects on key mentorship moments with icons like Warren Buffett and Magic Johnson. Rodriguez elaborates on his investment strategies spanning real estate, venture capital, and ownership of the Minnesota Timberwolves. He also discusses the importance of leadership, personal accountability, and resilience, while emphasizing how past mistakes have shaped his path to success.
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Early Business Interest
- Alex Rodriguez's early business interest stemmed from his father, a baseball player and banker.
- Witnessing his mother's financial struggles fueled his desire to become a landlord.
Meeting Warren Buffett
- Warren Buffett insured Rodriguez's contract with the Texas Rangers.
- This led to a mentorship where Rodriguez visited Buffett in Omaha for advice and portfolio reviews.
Yankees Negotiation
- During contract negotiations with the Yankees, Rodriguez sought Buffett's advice.
- Buffett suggested performance-based bonuses tied to home run records.