Leaving money on the table generates repeat deals and superior long-term returns
Alex Rodriguez · Alex Rodriguez – Business after Baseball (Capital Allocators, EP.198) · Jun 7, 2021 · at 43:18
Alex Rodriguez discusses his transactional philosophy and how giving counterparties favorable pricing builds compounding long-term deal flow.
0:00 / 0:27exact quote · 27.9s
720p mp4 · rendered on demand · StarZero watermark
“If I can sell you this for one dollar, yeah, I can sell it to you for one 40 because I have the hammer and I have the leverage, but that'll be the last deal that I ever did with Ted, right? But if I can sell you this for nine bucks, when you know it's worth 10, then not only am I going to create good energy and alignment with you, but you're probably going to tell four or five friends that you actually like doing business with us, and there's a good chance that we're going to probably do three, four, five, 10, 12 deals together, and I'll take 90% on 12 deals.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Alex Rodriguez
Rodriguez admits his PED suspension may cost him the Hall of Fame
“This thing that I did, May cost me the Hall of Fame, and that will suck, but I have no one to blame but myself.”
Warren Buffett structured Rodriguez's $30M Yankees milestone home run bonus deal
“So he says, okay, there's five big records out there, homerun records. Willie Mays, and he goes one by one. Hank Aaron, Barry Bonds, Babe Ruth. So if you hit all those five, And you get a six million dollar bonus in each one of them. They will be happy. I said…”
A-Rod Corp prepares to acquire an NBA team and launch a SPAC
“The other thing is I have to be able to think about big ideas and then go out and execute those ideas, whether that's the NBA team we're about to acquire Whether that's our SPAC business, which is, we're very, very excited about, or whether it's creating this …”
Rodriguez prefers hiring athletes because they work late and ignore the clock
“I like athletes, because athletes, two things, they don't punch a clock. They just go out and get the job done, and if a deal has to go to three in the morning, you just get that job done, and that's something I really enjoyed about athletes.”
Modern kids aspire to be like Marc Lore as much as LeBron
“Today, kids want to be like Mark Laurie and Mark Cuban, just as much as they want to be like LeBron James. Now, LeBron James is both because he's a great businessman and a goat on the basketball court, but the truth is, is not good enough for these young guys …”
Warren Buffett insured the final three years of Rodriguez's $252M Rangers contract
“The last three or four years was almost impossible to insure because there wasn't a lot of comps. So we had no problem the first five to seven years, but Tom Hicks was having a hard time with the last three years. I guess he put word out in the market and Warr…”