Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.joincolossus.com
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Invest Like the Best with Patrick O'Shaughnessy
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102 Subscribers
Reviews
00971ta
1 out of 5 stars
Rebecca Lynn
Awful episode - tuned out 5 minutes in
Frankieg33
5 out of 5 stars
Best Investing Podcast out there hosted by one of the best interviewers out there
Patrick filled a niche in the investing podcast world. He is able to talk broadly about investing with his guests through extremely knowledgeable framework of investing. He has had some fantastic guests on. There is much more to take away from this podcast that just investing themes. I am very excited to see who else Patrick is able to bring on and interview. I would vote for longer interviews, but understandable that the guests he brings on are time constrained.
Sonofman311
5 out of 5 stars
Love it!
Great podcast, always interesting guest and topics discussed even for folks like me who are not in the investment world.
Johnswas
5 out of 5 stars
Genius
Enough said
RJS-21
5 out of 5 stars
Rich
Great podcast
Mariann!!
5 out of 5 stars
Love it!
It’s definitely worth your time if you are trying to stay informed.
Shahrak
3 out of 5 stars
Flirting with Becoming Crypto Scam Shill
I have enjoyed and valued Invest Like the Best for several years. Patrick has great guests and typically produces episodes with interesting conversations. Recently, however, he has begun hosting various players within the NFT space. No objection there, except that his interviews with these individuals are as entirely credulous as to what they’re pushing. The most recent episode with Eric Golden, owner of the scam known as Bored Ape Yacht Club, was a step too far. I’ve always liked Patrick’s work, but he’s steering too much content in this direction. Discussing crypto and NFTs is fine. Discussing them as though they’re an unmitigated triumph is not. Starts to feel like an infomercial for junk products.
Herd Contrarian
5 out of 5 stars
A lot of what I’ve learned I learned here
Patrick - you said in episode 46 that a lot of what you’ve learned [in general, in life] you’ve learned here doing this podcast. The same goes for me, right from this podcast. Episode 46 is a great example because I’m so used to learning here that even though the summary description didn’t sound like a sure fire win, I knew the smart thing to do would be to listen. So I am. And I’m already learning more than I thought I would. Again! Thank you!
Sulyvan Robinson
4 out of 5 stars
Very interesting guests, when not peddling cryptos
Great podcasts most of the time, with outstanding investment personalities and veterans. Disappointed at the recent disproportional amount of crypto-focused episodes.
JoshCrist
5 out of 5 stars
Empowering, insightful and actionable! 🙌
Truly one of the best podcasts you can listen to. Patrick and the entire Colossus team do an incredible job leading conversations that push you past your preconceived decision making frameworks, values and reference points to arrive at a depth of understanding that separates the average investor from someone who can build a coherent thesis - and stand behind that thesis while integrating the constant stream of new information coming their way! Can’t recommend this show enough!
malfoxley
5 out of 5 stars
Great Show!
Patrick, host of the Invest Like The Best podcast, highlights all aspects of investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Carl from chicago
5 out of 5 stars
Great podcast for learning about SAAS
I listen to a wide variety of podcasts and this is one of the highest quality ones. I compare it to “how I built this” but with modern and up and coming companies which is a high compliment.
GosiaMB
5 out of 5 stars
The Best!
This is high quality content! So much knowledge shared with listeners. Thank you for all your efforts being the best in what you do!
CJThomas6
5 out of 5 stars
Great show
Packed with helpful investing info and awesome guests. Looking forward to the next episode!
RWlistens
5 out of 5 stars
GREAT
Love this show, so much good info. Mind-blowing!
Joshill:)
5 out of 5 stars
Great show!
Thanks Patrick for always breaking down investment jargon for us regular people! Love the primer guests and topics :)
tommye w-c
5 out of 5 stars
So much info!!
Great and informative podcast.
maxmillsaps
5 out of 5 stars
Great show!
Not only is this podcast informative, it is likewise enjoyable and is never boring. Learning so many things while having fun? Yes please!
Jhwahaha
2 out of 5 stars
Ok some times
OK sometimes, but every gas solution is just more government and bigger government... The show taken to its final conclusion has the whole world working under the state for their own good.
lollollol555
1 out of 5 stars
Has become too commercial...
Early interviews were insightful with thoughtful questions but this podcast has become a joke with layup questions to the guests in order to get Twitter quotes for likes and retweets.
Rishforpodcasts
5 out of 5 stars
Chamath
First episode I listened to was with Chamath and it has opened my mind in so many ways. Love it!
kirkpatara
5 out of 5 stars
Never stop learning
Episodes are a packed primer on business concepts, tech trends and industries. I’m in my first 6 years of work so to hear from these experts is like free continuing ed (and so is his book club, I recommend). Patrick continues to pick diverse guests so no two episodes are the same.
theory artist
5 out of 5 stars
Enlightenment Knowledge
Invest like the best is your knowledge broker; always increasing, only upside gains.
Gorkipark
5 out of 5 stars
The Best
Probably the best business podcast you can find. There are so many great ideas generated every week, and the way the interviews are conducted is outstanding. Always extremely well prepared and insightful.We actually applied some of the concepts I found on this podcast in our company. With pretty good results. Episode 8 about the restaurant business is extremely helpful thinking about the concepts of business innovation.
Caio Malufe
5 out of 5 stars
Well done
Love how the interviews are structured, and the people who were interviewed typically have really interesting stories to tell
Smizzle2424
5 out of 5 stars
More Than Just Investing
As an MBA grad and aspiring founder of a new business, this podcast is incredibly insightful for investment of not only funds, but time, thoughts, and more. The guests have been very strong and Patrick does a great job getting to foundational points.
DickinsonB
5 out of 5 stars
Truly Valuable Use of Time
Patrick does a fabulous job of selecting guests, conceiving questions and directing the dialogue to ensure that the episode delivers value. They do. I am an investment banker and continually learn something new each episode. Even if I already was versed in the topic, the podcast brings more illumination.
JD#15
5 out of 5 stars
Great Podcast!
I am 24 year investment professional and have found these podcasts to be incredibly insightful, educational and easy to digest. Very well done and always informative.
WillNashville
5 out of 5 stars
My favorite podcast
I always look forward to listening to this podcast. I have learned so much over the past 2-3 years listening to Patrick. He is a great interviewer, is always prepared, and gets awesome guests. Thanks
Abdallah.M
5 out of 5 stars
My go-to podcast
One of the best and most informative pods for anyone interested in technology, investing and the intersection between the two. You really learn something new with each episode !
Dmacnyny
5 out of 5 stars
Thanks
For delivering one great show after another. Always on the lookout for the next show. Incredibly interesting stuff. Have to thank my son for turning me on to this show. Keep it up.
Grusha - ElitePodcastBookings
5 out of 5 stars
Awesome Content!
Kudos! Looking forward to your upcoming shows! ~ Elite Podcast Bookings
Nick Racket
5 out of 5 stars
Great place to absorb wisdom.
I have been listening to the Invest Like the Best podcast for two years, enjoying the diversity of topics and encountering fresh thinking. Your fantastic guest lineup results in a feeling of surrounding myself with some of the smartest people in the business and investing world while I absorb critical parts of their wisdom. I would be honored to help expand that effect and help grow myself in the process.
Waveform
5 out of 5 stars
Thanks
I’m a new investor (learning) and have started my own electrical contracting business this year. Patrick’s podcast always leaves we with new ideas that I can apply to investing and growing a business. I appreciate how he carries that conversation with well thought out question.
nsandeep10
5 out of 5 stars
Can’t miss
Patrick provides great insight thru his guests... I get most of my investment ideas from this podcast. Thank you Patrick!
bplaca
5 out of 5 stars
Favorite podcast
Always interesting and informative on broad range of topics. I try not to miss one.
T in D
5 out of 5 stars
Way more than investing
Patrick and this podcast bring such a fascinating collection of people and ideas to investing & business. However, there’s so much more : these interviews become discussions about life and learning, ideas, mentors, analysis and creativity. Topics can include; very analytical approaches like old school valuation and quantitative analysis, algorithms, machine learning, to general business principles like capital allocation, moats, management etc to more philosophical discussions and topics as well- like learning, gaming, personal growth and exploration of opportunities. The key however is the host. Patrick’s breadth of knowledge, ability to connect and draw out his guests as well as his curiosity and humility all add to the quality of the interviews that make this podcast so great. I enjoy the variety of topics and love to share these podcasts with friends, family and business colleagues alike.
ruyorktimes
5 out of 5 stars
Quality
Start to finish - no bs.
yung spielburg
5 out of 5 stars
Highly recommend
The opening description really does it justice. Insightful and inspiring ways to invest ones time and money. Patrick is an admirable and interesting host, who’s show had contributed much to my personal and financial growth. Thank you, Patrick.
foxy12d
5 out of 5 stars
Things to know
Patrick is one of the best curious minds who candidly discusses poignant topics and thoughts and expands on ideas with his questions and insights and provides a basis for inquiring minds to use critical thinking to understand the world of business/finance and how people can extrapolate information and continue to educate themselves on the books he recommends and the topics he discusses at length.
startup upstart
5 out of 5 stars
I just cannot get enough of this podcast!
Patrick does such a great job with selecting topics, getting insightful guests, and topping it off with some seriously good interviewing skills. Once you add this podcast to your subscribe list, it will be your first listen every week.
HarrisonK1
5 out of 5 stars
Every Episode is a Must Listen
This is without a doubt the best investment podcast out there. I throughly enjoy each and every episode. The guests are fantastic and Patrick is extremely sharp and facilitates fascinating discussions.
oneforapple
5 out of 5 stars
Passionate. Focused, and incessant
Upon keeping a record of what I have saved in podcasts, I found “Invest like the best” as the most collected one. This podcast include many insights and sometimes, intriguing thoughts. The coverage is wide as well as deep. Patrick has the talent of inviting the right guests and making interviews both informative and entertaining. You can tell he is passionate and focused. There are only a few podcasts still going strong in the quarantine time. This is one of it.
deathroker
5 out of 5 stars
Newbie
Thanks to you guys I’m learning how to invest when I go to I always listen to you guys
J. Barshop
5 out of 5 stars
A magician at work
The insight that Patrick brings to bear is still mind blowing to me every. Single. Time. It’s like watching one of these street magicians work. I’ll find myself re-listening to snippets several times over and it’s just as impressive every time.
SDORVA
5 out of 5 stars
Kid on Xmas
The show is fantastic. If investing is your passion, this is your Podcast. Patrick picks great guests and gets them into a flow state. I feel like a kid on Xmas whenever there is a new Podcast.
Avid listener124836383
5 out of 5 stars
Great guests and hosting
Patrick has done a great job of attracting thoughtful investors to this podcast. He also lets them speak! He doesn’t force the direction of the conversation with too many questions. Really enjoying this series and constantly jotting down notes.
Kayres87
5 out of 5 stars
Fix typos in episode descriptions
In the recent episode with Peter Zeihan, several typos in the podcast description. Wanted to share the podcast with others, but it looks unprofessional in its current state.
arama713
1 out of 5 stars
Background Noise “Investing Through the Crisis”
Background noise in the latest episode is simply inconsiderate!
yayumivip
5 out of 5 stars
My favorite podcast
Absolutely my favorite podcast. Highly relevant even for minor, hobbyist investors like myself. I have never written a review of a podcast before but do so now as a small repayment for the many hours of free education and enjoyment I have received from this show. Really great, thank you.
sunnydaylei
5 out of 5 stars
A surprise discovery, not really for investing
This is the best show I’ve discovered recently, thanks to Spotify recommendation. I was suspicious at first since I’m not in the finance world, nor close to investing, VC, banking or any of that, though being in the Bay Area. I’m so glad I gave it a try. The title doesn’t do justice for this show. It’s not the investing 101, how to get a job in finance kind of stuff I was expecting, only much better. The host is such a great listener and questioner - asking all the appropriate questions at the right time, and only that. I could feel that his guest is enjoying the conversation as he is, and as I am. It’s authentic, informative, and just at the right level of detail and intimacy. I envy that he knows so many smart and interesting people and gets to have such nurturing conversations. It’s been a feast, thank you all for sharing. I feel inspired and learned after every episode. I so wish to join a live conversation like this someday myself!
Polmkel
5 out of 5 stars
Cultivating Conversations | High-Caliber Content
Personal story: After listening to countless episodes, I felt this podcast had earned the right as an “Interest” on my resume. One of the first things my now manger mentioned was this inclusion. He’d just had a friend recommend the podcast to him. I got the job, my first in finance. Appreciate it Patrick. Official Review: Patrick is a phenomenal communicator and host. After each episode I feel/am a better man for having listened. Regardless of subject (and the variety is brilliant), Patrick and guests never fail to impart high quality wisdom. Have highly recommended and will continue to do just that. Let’s just say, I’m “Interested.”
Slackerville3
5 out of 5 stars
Broad Discussions About Finance And Tech
By far the most diverse range of interview topics/guests of any investing podcast. Patrick is great at sitting back and letting his guests do the talking. Random tangential interviews along with deep dives into private businesses, blockchain technology, and Fintech’s future; it’s a joy to start each new podcast. The enjoyable meandering path of the podcast seems to mimics Patrick’s own journey of learning and networking in the investing world.
Like a house made out of stone
5 out of 5 stars
Interviews with very thoughtful people
I just listened to a great interview with the founders of Instagram (Ep. 143). So many great insights. My favorite so far was Ep. 123, The Future of Politics. I will say that not every episode has been a hit for me, but so many have been so good that I still give it 5 stars. I highly recommend giving it a few tries if you don’t connect with the first one.
jahanzaveri
5 out of 5 stars
Amazing show
This show is fabulous. Just listened to episode 152- very insightful
Bbg123
5 out of 5 stars
Incredible interviewer
One of the best interviewers. Asks specific, very useful questions. Just incredible.
DC Podcast Guy
5 out of 5 stars
Top Notch
Patrick brings in a range of guests that make this good for financial and non-financial professionals alike. Broadly applicable lessons that make for a can’t miss podcast each week, especially since bringing in more CEOs/Founders
FiveisFun
5 out of 5 stars
Very Informative
This is an amazing podcasts which explores some very interesting ideas. I loved the recent episode with Daniel Ek who got me hooked on this podcast when he recommended it on How I Built This. My suggestion would be to lighten up on the jargon!
letterj00
5 out of 5 stars
Great informative content
I learn so much from each episode and spend a lot of time researching each topic.
GolfFanBoi69
5 out of 5 stars
A1 pod
As a non investor have found this pod extremely insightful and applicable across any discipline Some amazing guests and Patrick is a phenomenal interviewer
RJH64
5 out of 5 stars
Among the Best
One of my top 5. Very thoughtful guy, great interviewer
Mburns92
5 out of 5 stars
My favorite Pod Cast
Go ahead and hit subscribe! You will want to tune in weekly for engaging conversations with Patrick and his guest. He covers the gamete featuring guest from inside and outside the industry and has a talented way of tying it back to investment philosophy. His desire to learn and energy is evident in the interviews!
TheBus00
5 out of 5 stars
A Favorite
This has become one of my favorite podcasts. The intelligence and curiousity of Patrick and his guests always take the conversations in interesting directions.
Feuerball99
5 out of 5 stars
Might be the best investing podcast
I have started to listen to Patrick’s podcast and I am impressed by the diversity of guest and topics. Also, the host‘s narration and sound/clarity is almost unsurpassed. Highly recommended!
investistaire
5 out of 5 stars
The best
Consistently insightful, world-class interviews, and entertaining to boot.
Runner Bill
5 out of 5 stars
Closing question
Patrick, I always end your podcast with a smile because you end the interview asking about gratitude. Thank You!
Family Guy 2K13
5 out of 5 stars
Alpha
Amazing content! Mic drop caliber content!
Lindenin
5 out of 5 stars
Very Impressed
I would swear that this host is 45 years old and has been a professional interviewer for 20 years. He really does an excellent job finding great guests, and then bringing out the best in them. The show is really focused on the guests, not the host, but the host has enough expertise to really converse with anyone. Excellent.
Ray Wiz
5 out of 5 stars
Insightful and interesting
Excellent podcast covering a wide range of topics from a veriety of investment areas. Good balance of insightful questions with time for the guest to give an answer informed by thier deep expertise informed by thier expereinces. There is always something new to take away from these organic free-form discussions. And I love tha Patrick always refocuses us back on the kindness of others that inevitably provided a pathway to where we are today at the end of each podcast.
JHVG@1953
5 out of 5 stars
Why Invest Like the Best Is Among the Best Podcasts
It is nice to have a host who asks a handful of food questions, then sits back and listens as if he were a member of the audience. Too many host ask lengthy/preachy questions and talk over their guests.
JCavanaro
5 out of 5 stars
This podcast makes me smarter. Thank you!
I enjoy each episode as they open up new thoughts, ideas and ways to think, work and interact. Many thanks to Patrick and his amazing guests!
EMM Oregon
5 out of 5 stars
Kindest Thing? Access to Great Conversation
What's the kindest thing anyone's every done for me? Well, it's not actually the podcast BUT this podcast is IMMENSELY kind. Thank you for giving this CFA charterholder who previously stayed home with her four kids for 14 years supporting her military husband, access to these thought provoking conversations in a format that is accessible. It makes me a better investment manager and benefits my clients. How else would I be part of this great conversation in a practical way in this season of my life? Patrick, I hope you read this. Thank you.
MHKWR
1 out of 5 stars
Annie Duke? Unsubscribe button
Love the show but this definitely how would Annie say it exposes a leak. I will be unsubscribing just do a little googling and see if you think you should be taking any advice from this person who stole, cheated and lied to make any dollar she has and I’m not talking about on the poker table!
Jstevens127
5 out of 5 stars
Amazing
This is the best podcast out there. Full stop, end of story.
Downtime6
5 out of 5 stars
Always Learn Something New
I've been listening to Patrick's Podcast since episode 5. I'm an avid listener of podcasts and am constantly pruning podcasts based on available listening time. I always find time to listen to Invest Like the Best. I don't work in finanace, but after each episode I walk away learning something new, thinking differently or looking at the world from a different perspective. If you like learning, I'd suggest listening to a few episodes. Don't have time to listen, Patrick also posts show notes on the Podcast website! Thanks for producing the Podcast Patrick, I look forward to learning more together.
Freemarkit
5 out of 5 stars
Most intelligent host around
Most intelligent host around. Many other podcasters are just good at promotion and lack the interview skills. This guy is on point! Get more blockchain topics please. Thanks!
River Jangda
5 out of 5 stars
Fantastic interviews from all facets of investing
One of my favorite podcasts in all genres, the quality of guests and depth of interviews are extremely educational and entertaining. Keep it up Patrick!
x88866
5 out of 5 stars
Patrick’s Pod
If you want to propel your grey matter; listen no further. Grateful that Patrick uses his gifts to help us all get greater insights.
Pwilz123123213
5 out of 5 stars
Smart and savvy
Listening to this podcast ranges from investing to technology to lightweight data science. It's wonky, it's intelligent, and it is not targeted at the lowest-common denominator: it doesn't talk down to the audience. I love it and it's one of the few podcasts I consume regularly.
Cjpowersjr128
5 out of 5 stars
This is fantastic!
I continue to learn so much from each episode. Patrick does a wonderful job of asking great questions and getting the most out of each conversation. Patrick’s knowledge of business, investing, leadership, and capital allocation is world-class. As someone who recently started a podcast, I’ve taken several notes from this podcast on how mine can improve. Thank you for providing great content!
gdawgstar
5 out of 5 stars
Subscribe to this
Some of the best quality content there is on finance, investing, tech and more
AspiringInvestor
5 out of 5 stars
Best Podcast There Is
Simply the best podcast I’ve come across. The brilliant guests, the transparency to let us into your world, and the thought provoking questions you ask. It’s everything one could ask for. It’s not an understatement to say that I’ve been inspired by so many of these as I continue my quest to finish every single episode (almost there!). Just thought I’d leave a note here expressing my gratitude as I get close to the (sad) end where I have to wait on new releases...
K Shim
5 out of 5 stars
I’m addicted
What a fantastic library of podcasts. Thoughtful, engaging, educational, enlightening and plain funny at times too. You have thoroughly improved my commutes and made waiting at airports so much more bearable. Thank you Patrick.
RCTCX
5 out of 5 stars
Totally worth my time
This podcast is so good that after listening to the most recent episodes I decided to go back all the way to episode 1 and listen every single episode. Totally worth my time.
Tjfont
5 out of 5 stars
For the wonky at heart
Patrick is a superb host and the content - while often sounding like a data science for dummies class - is fascinating. He invites excellent guests to dive deep into their corners of investing. This is definitely not a "how to" guide to investing; I don't see myself applying much of it to my personal money management. But it does take me to that next level of understanding on how markets operate.
Croz78
5 out of 5 stars
Perspicacious, Powerful & Positive
Patrick has the most interesting guests, and asks the best questions. This podcast is thought-provoking and Enriching in and almost spiritual way. I feel larger, better and smarter after listening to his podcast.
Brownanteater
5 out of 5 stars
Great Podcast !
Patrick invites interesting and unique guests on the Podcast to explore the many layers and niches of Finance, business, and life.
Fhurcvj
5 out of 5 stars
Polished, Helpful - From Marketing Professional
Patrick’s core audience is investors, but as a marketing professional with an MBA I have found almost every episode to be helpful, applicable. Highly recommend.
sb///
5 out of 5 stars
///
Without doubt, THE best podcast around!
tech in kc
5 out of 5 stars
Pretty awesome
Listening to your podcast makes me really believe that now is the most interesting time to be alive. Thank for being a cool dude too.
mmoore84321
5 out of 5 stars
One of the 3 best investment podcasts
After listening to all 100+ podcasts, I rank Invest Like the Best among the top 3 investment podcasts. Period.
shermacman
5 out of 5 stars
Week after week of excellence
Week after week Patrick O'Shaughnessy's podcasts range from simple humility to complex economics. Really excellent.
0611Esti
5 out of 5 stars
Highly recommend
Outstanding interviews of a wide variety of investing gurus, each with their own approach and insights. If you love ideas and insights (not all in alignment with your style) from very smart people you will love this podcast.
Frank Sola
5 out of 5 stars
Best all around podcast!
This isn’t just a great podcast on investing it’s much more. Anyone who wants to learn and understand better this is for you. It’s a LIFE podcast!
Thinking John
5 out of 5 stars
Great Podcast!
I have been listening to Invest Like The Best for over 18 months. Patrick is sharp, thoughtful, interesting and has a hunger to learn. If you like investing, ineteresting topics and long form podcasts you will likely enjoy this one. Investing and way beyond, into Crytpto, entrepreneurship, health hacking, unusual asset classes, and more. Keep up the great work Patrick!
McKinley Slade
5 out of 5 stars
Knowledge Bombs
Of all the podcasts I’ve listened to, no one can match Patrick’s ability to truly listen to his guests and guide the conversation in a direction that leads to genuine answers from a deep place. The guests are always brilliant and the amount of information that gets packed into an hour never ceases to amaze me. Can’t say enough good things about this show, and you will undoubtedly become more intelligent by listening to a few episodes.
RodSFBay
5 out of 5 stars
Stay curious.
The host and guests are not just crazy smart, like many other podcasts. This podcast has such open-ended, engaging conversation about what is important, and why. Investing and life. No agenda, just curiosity. So good!
Cshlittle
5 out of 5 stars
Stunningly good -- more "meta" investing than just investing
Very worthwhile podcast -- every sinegle one I've listened to bears a relisten. This is not your typical investing podcast -- it's very meta. You will get conversations about basketball, Perez' deployment age, and more in a wide-ranging and even-handed series by a really good and insightful host. I came to it because of one specific guest and have stayed for the rest.
Zentao1507
5 out of 5 stars
Excellent finance podcast which avoids falling into "the formulaic podcast" trap
I started following ILTB after the Hash Power specials (which to this day remain the best episodes given the amount of editing work Patrick put into them). But I stayed for all things not crypto. To be honest, I don't listen to all episodes - there's probably 1/3 I'll discard given either the topic or the guest don't fit my appetite (or time constraints). But the 2/3 I've listened to in almost one year have been very good. Covering a wide range of topics, this podcast stands out from the million investment podcasts out there. And even though Patrick now has resorted to Q+A he still manages to do it in a way which is insightful and incisive. He clearly knows his guests and shows up with prepared interviews. Give it a try!
Ricardito C
5 out of 5 stars
Great speaker, thoughtful questions
I started listenting to the podcast for a glimpse into what professional investors were thinking about. And while I received many nuggets of investing wisdom, the best part is the amazing mix of life lessons littered throughout the podcast. Come for the investing, leave with both investing ideas and lifelong lessons!
Stof1989
5 out of 5 stars
Best investment podcast out there
Patrick is one of the best interviwers out there. He has managed to get some incredibly knowlegebale guests on the show.
Peter is the man
5 out of 5 stars
Epistemology at its finest and most useful
This is not just a show about investing. This is the most useful and interesting epistemological investigations out there (in podcast form). The thoughtful and intelligent questions are always asked, the guests are 95% of the time great and the host is unbelievably well read. I cannot recommend this show enough.
andycease
5 out of 5 stars
Love the variety
The name of the podcast doesn’t do the show justice in just how wide ranging his guests. Very interesting.
Ozarka!
5 out of 5 stars
Quality content
Patrick brings in really knowledgeable guests and I enjoy the high quality conversations!
the delta delta
5 out of 5 stars
Truly a feast of ideas on investing and quality living.
Patrick has done an amazing job, episode after episode, month after month. His choice of content, his amazing speakers/invitees, his temperament and his eloquence all lend to food for thought and provide a jumping point for more in-depth reading. Simply awe inspiring podcast!
Citizen3754
5 out of 5 stars
Letting Great Minds Loose
What I love most is that this podcast allows guests to go on runs and share their expertise virtually uninterrupted. The guests share technical knowledge and are extremely knowledgeable in their fields. I'm convinced I'm listening to some of the greatest minds on this podcast. There is something about financiers that really tap into the core of humanity and philosophy and psychology and the very essence of life. I can't get enough. Keep up the great work!
Jbob1105
5 out of 5 stars
Deep insights
Learned about this podcast from The Meb Faber Show. Now on my must listen list. Deep and insightful conversations with great guests.
M. Schaaf
5 out of 5 stars
Informative Guests and Facinating Topics
Not cheesy and gimmicky, just well articulated and informative topics with incredibly insightful guests. Excellent program, I'm addicted now and look further into the guest's works and follow their social media accounts after every episode - they're just that intriguing! I also like that they often don't compromise the program by dumbing things down to an unentertaining-spoon-fed banter about things you hear in 100 level classes.
Yohji1
5 out of 5 stars
Best investing and life wisdom podcast EVER!
It was serendipity really how recently I came across Patrick’s podcast, but from the moment I listened to the first episode I chose at random (Khe Hy), I was hooked! I’ve gone through many episodes so far, and the consistency of the super high quality guests to the incisive questions from Patrick to the free flow of ideas is nothing short of amazing and crazy insightful. If you consider yourself a lifelong learner and are intellectually curious about a wide variety of topics (not just investing), you’ve come to the right place. As an MBA/CFA charterholder and an M&A practitioner (not to mention former student of Mauboussin’s at CBS), I thought I understood finance and investing, but the insights & wisdom that Patrick and his guests convey through these episodes about those topics (and more) rivals all my formal training and years of experience combined. I frequently go back to listen to a few of these episodes again in order to reflect on the themes, topics and even specific statements made by the guests and/or Patrick. I can say unequivocally that this podcast has sharpened my perspective and appetite for life, investing, knowledge and learning in a fundamentally profound way. My biggest regret is not finding this sooner... Thank you Patrick for all your efforts on this! I know it’s incredibly hard work to make the podcast as super professional as it sounds, but I trust it’s gratifying work for you and I selfishly pray that you continue this good work for decades to come...
PatrickSEA1
5 out of 5 stars
A wealth of learning in every podcast
Each one of these go fairly deep into a different area across a breadth of topics in the investment and life areas. The learning in each one is immense and worth listening to several times. Every thought of turning this into a course? It feels like a mini Finance degree...
pineboxpete
5 out of 5 stars
Great podcast
Very enlightening. Highly recommended.
Jetman624
5 out of 5 stars
Fantastic
This is the best investing podcast available on ITunes. Patrick is incredibly smart and articulate. His guests are the same. He asks great questions and does an excelent job of shutting up and letting them answer. Every episode is "can't miss" material.
Neill Moynihan
5 out of 5 stars
One of the Best Podcasts Available
First, I am not an investment professional. I started listening to this podcast after I saw a tweet that Brad Stuhlberg would be on and I really liked his book. This was a great listen and some of my favorite episodes are Josh Wolf, Brad Katuysama, Tim Urban, Team Ritzholz and many others would be a great place to start. I had our team (I'm a sales manager) listen to Patrick and Brad and this was a huge hit and more importantly had much practical application. Ironically, my father gave me one of Patrick's father books years ago. Inside comment: kindest thing I do is share this podcast with my team and my friends and everyone really enjoys and learns from these. Keep up the great work!
TNKash
5 out of 5 stars
Does not get better....
What makes this podcast one of the best is who he interviews and how he does it. Unlike a LOT of other podcasters, Patrick knows how to keep his mouth shut and just listen. He directs the flow, but let’s his interviewer open up, which is great, because of the talent he seems to get access to. Great job, keep it up!
Brad Gershon
5 out of 5 stars
Relevant, Factual and Helpful
Nothing better than listening to industry experts talk about relevant topics in the markets. Patrick and all of his guests are incredibly knowledgeable and intelligent.
A dog named Murphy
5 out of 5 stars
Simply the Best
Always exceptional. Patrick is well-prepared, asks the right questions and promotes learning and discovery across many disciplines. Great podcast.
Bellpepper22
5 out of 5 stars
Legend
Pats a straight shooter
Ankitp3490
5 out of 5 stars
Step up from planet money
I love planet money but as I knew more about finance I needed deeper and more focused content. This guy nails it. Hash power series deserves some award if it exists.
dicksoni
5 out of 5 stars
Content worth consuming
This podcast spurs my creativity and is thought provoking. Worth keeping up with each episode. Patrick - my only criticism is the call to action at the end of each episode. Not sure if this is intentional, but relative to the show it is low energy. I'd be curious what change in interaction you'd get if you adjusted this.
Lukethomas91
5 out of 5 stars
Great podcast
Such a great podcast! Well-done. A better version of the investors podcast with more interesting guests/topics.
TAMMA Capital
5 out of 5 stars
Lessons
The life lessons learned in listening to this podcast are far greater than the business lessons learned
Tanney9
5 out of 5 stars
A wealth of knowledge
Patrick has really become an excellent podcast host. You MUST catch the Hashpower series. It’s an extensive look at the current Crypto / Blockchain hype.
Camerondilts
5 out of 5 stars
New favorite podcast
Enjoy the dives into different corners of the Finance and investing world. Patrick is concise but thorough and well thought out. Makes you want to change careers and jump into his world full time. Great work keep it up
jgally33
5 out of 5 stars
Connor Leonard
99% of Patrick's guests/podcasts are excellent......this particular one was exceptional in both the focus and depth of Patrick's questions to the candor for which Connor explained his investing strategies including specific examples that cemented the learning for the listener. This would be one to have a transcript.
Tbench90
5 out of 5 stars
Phenomenal Podcast
Got into this with the Dhani Jones episode, which is FIRE. Very thoughtful, great questions, great guests. Definitely worth your time.
Barwic01
5 out of 5 stars
Don’t miss out on this gem
When Patrick releases a new podcast, it always jumps to the front of the line in my podcast queue. There are nuggets of insight in every episode that go beyond investing that you can use in your own personal life. I started listening to this after the first year and have been listening to all the old episodes to catch up
Lanefrog
5 out of 5 stars
Hash Power
Just mind blowing. Loved all three episodes, super fun tech crunch info. Understanding now more than ever, that the more you learn the more you realize we know very little. Great podcast Patrick! Keep up the great work.
Phild2400
5 out of 5 stars
A thinking mans podcast
I find the Investing Like the Best Podcast to be one of the most intelligent podcasts out there today. As someone who listens to multiple finance/ investing podcast on a regular basis, it is refreshing to hear someone who is actually interested in what they’re talking about without the ridiculous overhyping nonsense that you get in most financial investment podcast and who also allows his guest to expand on that idea and complete thoughts. I somehow always feel smarter when I hear intelligent people talk and this podcast definitely hits that mark.
JamesPetersLV
5 out of 5 stars
A breath of fresh air
Patrick is a true learner and asks questions attempting to learn more from everyone he interviews. His humility and knowledge make this podcast a must listen.
Slurveball
5 out of 5 stars
Amazing discussions
For a CFA, financial advisor or anyone trying to get into this field, this is "must listen to" stuff. Best podcast out there
Frosty686868
5 out of 5 stars
Hash Power FTW!
All of Patrick’s episodes are top notch with extremely interesting guests, however the last three episodes have deviated from his normal format in an amazing way! Hash Power has been the most interesting podcast series I have ever listened to, filled with an abundance of knowledgeable guests that give great insight into the world of cryptocurrencies. I hope he has more episodes like this in the future as I learned a ton and truly enjoyed every second of it!
sbl130
4 out of 5 stars
Where Are the Women??
Podcast is insightful and some interesting investors but where are the women? After listening to several podcast there is a bit of a reoccur echo chamber feel of ego stroking. Patrick there are many thoughtful, successful women investors out there find them.
guycooper
5 out of 5 stars
One of the best
Patrick is a natural conversationalist. Very open minded and asks the right questions. If you're curious about the cutting edge of investment, this is the podcast.
Paul Syd
5 out of 5 stars
Podcast that makes you think (not just about investing)
Patrick is an voracious consumer of knowledge and does an incredible job disseminating his thoughts and those of his guests to help you understand topics across the board of investing. Haven't missed a Podcast yet and continue to learn something new with each one.
NCMeat
5 out of 5 stars
Simply Brilliant
A great interview style coupled with awesome preparation and an undeniable thirst for knowledge produces superior content time after time. One of the only podcasts I often listen to multiple times per episode. Very nice!
Cttrop
5 out of 5 stars
Great Insight
Don't let the title fool you! This is an incredible podcast that always provides insight into all aspects of life, not just investing. Thank you Patrick for opening my mind to these conversations and exposing me to different thinking from all of your guests. Favorites are Boyd Varty, Peter Attia and Brad Stulberg.
ErikBison
5 out of 5 stars
Highly recommend!
Patrick and his guests share inspiring and actionable lessons on how to succeed as an investor. Highly recommend recommend listening and subscribing to Invest Like the Best if you want the knowledge AND mindsets to reach your financial goals through smart investing strategies (and live your ideal life as a result)!
szaydel
5 out of 5 stars
A lot of thought inducing commentary
Each and every episode leaves me with many hours of of wisdom to digest, and it keeps on coming, with each episode seemingly learning from previous ones and becoming better.
smterry73
5 out of 5 stars
Best Investing Podcast Available
Not only is Patrick is a terrific host, but he also gets the rock stars of finance on his show. After trying multiple investing podcasts this is without a doubt my favorite one
Blue-Sky2017
5 out of 5 stars
Must listen for any one remotely interested in business and finance
I've listened to hundreds, maybe approaching 1000's?... This is one of my favorites! I wish he did more that one a week. Patrick gets amazing guests and has such a warm, easy style that the conversation just flys by.
C_Be
5 out of 5 stars
Appointment Listening
This is by far one of my favorite listens each week. Patrick is a great interviewer and knows how to dig deep with his guests on various investment topics / ideas. You can tell that Patrick has a thirst for knowlege and is passionate about sharing that knowlege with others. There are nuggets of wisdom, pragmatic strategies, and tactical advice in each episode that have a wide array of applications beyond investing.
JBATL23
5 out of 5 stars
Great stuff
Keep the insightful discussions coming.
value pond fisherman
5 out of 5 stars
Compulsory podcast for serious investors and lifelong learners
Listening to this podcast is a must for lifelong learners with a passion for investing, growth and making a difference. Listen, take notes, and apply the learnings. This podcast allows you to meet many extraordinary individuals that share their wisdom. Take that wisdom, reflect on it, and apply it to your life. Thank you Patrick
Afryan1
5 out of 5 stars
Genuine interviews
O'Shaughnessy's approach yields some great discussions. He has a genuine interest in his guests, and prompts reflective discussions. He likes "practitioner philosophers", which results in guests who have practical experience, and good awareness. The podcast title put me off at first - but the show is 100% genuine.
hokirob
5 out of 5 stars
Solid podcast
This one is rather deep -- Patrick will interview guests for a solid hour, sometimes near two hours. The guests are usually very interesting people. I've only bailed on a couple of them, the bulk of them are great to the end. If you haven't tried this one, it is worth a try.
stewy42
5 out of 5 stars
Great podcast
The guests Pat has on are A1. The conversation flows and they bring up very good points and are constantly on the edge of the investing world.
Freakin fart face
5 out of 5 stars
A++
Very good podcast with really interesting guests. Really enjoyed Danny Mosses Pod.
Sld434
5 out of 5 stars
Stimulating and Forward Thinking
Enjoy every episode and feel I get to listen to great minds that otherwise I wouldn't know about.
CaptainUnderpants696969
5 out of 5 stars
Very informative podcast
Great podcast to listen to regardless of your interest or skill in investing. The guests are fantastic and Patrick is very intelligent and has a fantastic mindset for helping others achieve.
JohnLoza
5 out of 5 stars
10.0 for "Top Ten Lessons..."
What a great episode! Not even a mention of investment philosophy or practice, but instead, Patrick reveals some amazing life lessons that everyone can adopt! Keep up the great work Patrick!
Morris Kitler
5 out of 5 stars
The BEST investing podcast around
Covers all asset classes, something for everyone. Great line up of guests, Patrick goes deep with all of them. Highly recommend.
KunalRa
5 out of 5 stars
My Favorite Podcast
Invest Like the Best is by far my favorite investing podcast. Patrick's thoughtful approach to interviewing a wide variety of guests ranging from famous investors to thought leaders and all-star college students makes listening to the podcast every week both engaging and unpredictable. His book recommendations and thoughtful guest questions are also highlights that keep me thinking long after the interview is over. Keep up the great work!
trexismeiamhim
5 out of 5 stars
Great Content
Easily some of the best content I've come across in my many years of listening to podcasts. I hope that everyone stumbles across these hidden gems and enjoys them as much as I do. Patrick is an excellent interviews and I've never felt bored during an episode. I recommend these podcasts to my close friends and even acquaintances. The material is good and the book suggestions are sometimes even better. Keep up the good work, Patrick!
K HH
5 out of 5 stars
One of the best podcasts out there
Patrick is a skilled interviewer and brings in unique perspectives from amazing guests and such a wide range of industries. A must listen podcast, even if you're not in the investing biz!
Out-Foxed
3 out of 5 stars
Bailed on the Bail Bondsman
First and foremost I'm a huge fan of your podcasts. Not just the content and guests but your questions and prep work are second to none. It's always a wonderful 2 way conversation and you follow-up and anticipate so well, there's rarely if ever a missed opportunity to drill into a topic until it been completely and expertly exhausted. However, I couldn't reach for the stop button fast enough on your latest podcast with Ira Judelson (and Danny Moses)! What a self-centered, insecure and egotistical jerk. Who cares about his exploits at Rao's?! I applaud you for seeking new ideas, angles, businesses and voices but this particular voice was unlistenable and borderline offensive. Admittedly I gave up early but I generally know what I like pretty quickly. And this one didn't measure up.
DaddyLight
5 out of 5 stars
Firehose!
You're killin' me O'Shaughnessy! It's one thing to be drinking from a firehose of data and information. It's quite another to be drinking from a firehose of IDEAS! I walk away from every one of these with my brain on fire, my podcast player on repeat, my porch full of books from Amazon to add to my must-read list, and my computer searching for journal articles mentioned. Keep up the good work.
Brooke Craven
5 out of 5 stars
Awesome Podcast
Patrick, host of Invest Like the Best, highlights all aspects of investing in this can't miss podcast. Patrick and his expert guests offer insightful advice that is helpful to anyone that listens!
AJworldchamp
5 out of 5 stars
Off the Beaten Path
Uncommon guests like Brent Beshore and Boyd Varty put this show over the top- keep it up. Your interviewing style is great Patrick, you are really good at this. I'd love for you to add maybe a set of a few questions that you ask every guest on the show - like role model, how do you personally invest, most influential book, etc.
Tcostan1
5 out of 5 stars
Must listen podcast
If you work in the investment industry or just consider yourself a student of the markets, then this is a must listen to podcast. Great guests and subject matter. Thanks Patrick!
JerryMN
5 out of 5 stars
Great investing discussions
I've listened to several investor pods, but this is one of the best. Deep discussions and super insightful. Not at all pushy. Worth a listen, especially if you already have an understanding of markets.
rthomas4
5 out of 5 stars
Excellent!
I stumbled upon the investor field guide by researching a guest on the show. I have learned so much, my eyes have been opened to an entire series of investment options that I had no idea existed. As a millennial looking to beat the market and create generational wealth, this podcast has been instrumental to cultivating a mindset of growth and opportunity. Thank you so much Patrick for challenging, enlightening and inspiring me with every episode.
Evan BW
5 out of 5 stars
Host is a great guy
Emailed him a series of questions and he answered each one. His guests have strayed to more esoteric areas since I started listening. Interesting, but more positioned at high net worth individuals.
Rob_Park
5 out of 5 stars
Must listen
It's one of the few podcast that I make sure not to skip an episode.
alexrwheeler
5 out of 5 stars
Amazing podcast.
In depth interviews with great guests.
NCTX45567
5 out of 5 stars
Early Listener
Best selection of guests I've seen
eaglebadger
5 out of 5 stars
Great Stuff
I never "Podcasted" till I heard your interviews. Now I do. I was looking for investment insight, but now I'm looking for people, and paradigm shifters... and my own conversations are more collaborative. I was skeptical of peer mentorship, and I still am, but I have no reserves of listening in on these snippets of your peer mentoring. Shepard
KWelch36784
5 out of 5 stars
More than Investmenting
I came to this podcast like most I imagine: investing. However, I find myself contemplating my life and goals more than thinking about investments after Patrick's podcasts. This was an unexpected treasure. The quality and diversity of guests that most of us haven't heard of on this podcast are fantastic, and Patrick leverages his experience and knowledge to produce entertaining and insightful episodes each week. I cannot recommend this podcast enough.
Team Gree
5 out of 5 stars
Insightful
Great interviewer, topics, and guests. I've listened to many of these more than once.
Frankieg33
5 out of 5 stars
Best Investing Podcast out there
Patrick filled a whole in the investing podcast world. He is able to talk broadly about investing with his guests through extremely knowledgeable framework of investing. He has had some fantastic guests on. There is much more to take away from this podcast that just investing themes. I am very excited to see who else Patrick is able to bring on and interview. I would vote for longer interviews, but understandable that the guests he brings on are time constrained.
Ryder Cleary
5 out of 5 stars
Patrick is a great host
Great podcast for people interested in the investing profession
CluelessFunda
5 out of 5 stars
Illuminating
There are now quite a few podcasts that have a value tilt. While that is great news, sometimes they end up interviewing the same guests around similar times. What I like about this podcast, is the level of preparation that Patrick brings to his interviews, eliciting fresh insights from people who I have heard speak/interviewed before. He's smart, well-prepared, and unafraid to challenge some of his guests politely. I look forward to listening to it every week.
boglerules
5 out of 5 stars
Incredibly impressive
Far and away the best podcast of the year. Delightfully hard to box into a category. Is it investing? Entrepreneurs? Philosophy? Patrick is an insightful PERSON who interviews brilliant accomplished PEOPLE so you get some of the above - and a lot more. You will be glad you subscribed. I never miss an episode !
gsrkb
5 out of 5 stars
Compelling ideas, good interviews
I've listened to 14 episodes and enjoyed every one. It's risen to the top of my podcast quench’s.
NikkoKrydesn
5 out of 5 stars
Morningstar podcast AWESOME
Host asked all the right questions, engaging podcast. As enjoyable as it was educational
Jonathan Ballenger
5 out of 5 stars
Joe Mansueto Interview
Been working for Joe for almost 8 years now, and this was truly a great interview. I have enjoyed this podcast for some time, and I hope listeners will strengthen their understanding of Morningstar's mission in helping investors achieve better outcomes. Big fan of Patrick, and forever grateful for Joe.
Bill Dotrieve
5 out of 5 stars
Must Listen
I thought this podcast would be more white noise in an increasingly crowded space, but has quickly become my favorite and a must listen. Patrick's seemingly unparalleled appetite for reading and surprisingly adept interviewing skills provide incredibly valuable insights and information with a pleasant variety of fascinating people and subjects. Highly recommended.
Ray Sheedy
5 out of 5 stars
Great content and guests from thought provoking host!!!
Patrick and I share many similarities, we both started in the financial industry straight out of college in 2007, have two little kids, and enjoy reading and learning. I thoroughly enjoyed his book millennial money and his father's book as well what works on Wall Street. The podcast talks about many interesting topics and I have found the content to be top notch. It is clear that Patrick is a die hard quant investor. I think the merits of quant investing are many. I always wonder what the future of quant investing will be. It seems everyone has access to the same info these days and the us stock market is sliced and diced in every kind of way 10 times over. I look forward to learning more from Patrick and his guests as time goes on.
Quixotism22
5 out of 5 stars
Thoughtful & Insightful
Patrick conducts really good interviews - he gets very accomplished guests (although many aren't 'famous'), and asks thoughtful, informed question. The conversations that result are insightful - I always learn something. (I work in investment management and have the CFA designation.) Definitely a great listen.
ishkurti
5 out of 5 stars
Worth the Time!
I recommend listening to this podcast if you enjoy the topic of investing, like to read and seek to be exposed to areas and concepts you may be missing. I started listening to ILTB with some reservation. I thought it would be just another outlet to hear the same guests from other more established podcasts. I was wrong. Patrick is an excellent interviewer and his conversations with guests almost always end up unlocking some kind of thought train that takes me to unintended, unexplored areas ripe with potential. I use the podcast as a reference guide to books and subjects worth exploring. I use it as a Cliff's Notes version for areas I am not able to get into immediately. As an investment professional, I use it to expand my reach into non-finance subjects in a non-intimidating context. Lastly but importantly, the shows are packaged superbly. Their duration is respectful of the listener's time. Patrick also seems to have mastered verbal ticks that plague far more established podcasters. This adds profoundly to the perceived quality of conversations. If you can listen to only one investing podcast, make Invest Like the Best it! You will not be disappointed. Ilir Shkurti, CFA
Ipse_Dixit_fc3
5 out of 5 stars
Great Podcast
Great guests and content. Genuine and not selling anything. Favorite of business podcasts I follow.
PaulCOMN
5 out of 5 stars
Excellent
Always learn something new. Great guests and each episode is very interesting.
TMT2234
5 out of 5 stars
Great
Phenomenal guests & Patrick is very thoughtful
Rich76_911s
5 out of 5 stars
Fantastic
The show has been consistently amazing and insightful. Patrick's conversations with his guests have been incredible to listen to and have certainly deepened my knowledge base and have inspired my own quest for knowledge. Really a remarkable find for me. Thanks Patrick, you and your guests are truly inspiring.
AnonymousBY
5 out of 5 stars
Must follow !!
Incredible speakers on the show with a great host. One of the best shows when it comes to investing .
rlew48
5 out of 5 stars
Great guests and intelligent discussion
Great guests and intelligent discussion. This podcast quickly moved to my "must listen" playlist.
NoleDevil
5 out of 5 stars
One of my favorite investment podcasts
Patrick O'Shaughnessy has created a thoughtful and worthwhile investing podcast that will introduce you to some of the thought leaders in the finance, business, investor activism and investment management. The conversations are respectful and edifying. Who wouldn't want to hear from people such as Credit Suisse's Michael Mauboussin, the WSJ's Jason Zweig, Morgan Housel, Betterment's Jon Stein, Ted Seides or Vanguard heavyweights Gerry O'Reilly and Jim Rowley- amongst a cadre of other great guests? I'm particularly looking forward to an upcoming episode with Larry Swedroe of Buckingham Asset Management- a thought leader who doesn't pull punches. Patrick, you're doing a great job. Keep up the good work! Always an interesting discussion.
RylandCapital
5 out of 5 stars
Investing, but more
While always staying true to the investing themed core, Patrick O keeps mixing it up to give each podcast a little something more. Not to mention the gangster intro beat that always gets you stoked for the coming interview. If you are a lover of investing you will be a lover of this podcast -rylandcapital
Dboduch
5 out of 5 stars
Awesome podcast. Highly recommend!
What a great podcast! Highly recommend. Patrick brings a wealth of knowledge to the podcast and his guests are incredible thought-leaders. Combine the two and you get very entertaining episodes! I have learned a ton from this podcast already and look forward to many more episodes. I would also encourage you to check out Patrick's book "Millennial Money: How Young Investors Can Build a Fortune." Quick read with a simple, yet powerful message!
Mike Dariano
5 out of 5 stars
So good
Conversational and educational. If you like Farnam Street, Brain Pickings, or MR you WILL like this.
Irrelevant Investor
5 out of 5 stars
Must Listen
One of the my favorite things about this podcast is that aside from being a world class quant, Patrick is also interested in so many areas of life besides for just finance . He does a great job getting his guests to talk about the good stuff; their journey, things that are important to them, the nicest thing somebody has ever done for them, and other interesting questions that you don't ordinarily hear on a finance podcast. The guests are incredible, the questions are well thought out, I look forward to listening to his new guests every week.
contrarian_invest
5 out of 5 stars
great conversations
These conversations are very thoughtful, and avoid the formulaic approach of many other podcasts. The discussions wander from investing topics to other topics, but the show never loses interest or meaning. At >1 hour each, they go by fast. Best of all, Patrick brings on superb guests (Jason Zweig, Morgan Housel for example).
Dabigfart5
5 out of 5 stars
Great podcast
Patrick does a great job at providing in-depth interviews that will add value to you unlike most podcasts that do short interviews that just scratch the surface.
pewterzzz
5 out of 5 stars
Perfect
Thanks.
CaraF13
5 out of 5 stars
Thoroughly Enjoyable & Gained actionable tools!
What a delight this Podcast is! I was pleasantly surprised at the angle the host takes on interviewing his guests who are investment experts. Some of the Golden Nuggets I took with me were: 2 tools to success are-Critical Thinking and Self Control, Read with a Red Pen, Permission to point out bogus beliefs! Thank you for also discussing great reads, that was so fun and inspiring! InterviewValetCF
Listener on the run 205
5 out of 5 stars
Interesting interview
Good stories, interesting insights on literature and markets
JoshC7490
5 out of 5 stars
Excellent podcast
Insightful with great guests. Definitely recommend.
Highroller136
5 out of 5 stars
Great Guests and Great Content
Very well done podcasts. The guests and Patrick have a great rapport and as a result the conversations are excellent. Also, It's awesome how Patrick highlights books mentioned throughout the conversation so each podcast will peek your interest on new books to read.
Former loyal customer
5 out of 5 stars
Potentially the best investing podcast
Only a couple episodes in, but I think this has the potential to be the best investing podcast out there. Patrick asks great thoughtful questions. This podcast will definitely make you smarter.
Aspiring PM
5 out of 5 stars
Great Start
I'm always in search of fresh insight in the money management business, and Patrick brings that with thoughtful interviews. After Masters in Business, this is one podcast I'll stick with and be eager to listen to each episode.
DSotiroff
5 out of 5 stars
Well Done
I've been following Patrick's blog for years, back when it was titled Millenial Invest. I've always found his content to be smart and insightful. The first episode didn't disappoint. Looking forward to hearing more
D. Shepley
5 out of 5 stars
Excellent start
I am very much looking forward to this podcast building upon a great start. Talking to and hearing from skilled investors offers listens insights in to investments and life.
Jake10321
5 out of 5 stars
Great thought leader... worth a listen
I've been a follower of Patrick for some time and his podcast thus far matches his blog in terms of providing listeners with strategies that improve investment skills, time management, and life skills. Worth a listen.
Mpassy18
5 out of 5 stars
Wealth of Knowledge
Patrick and guests are extremely knowledgeable about investing, and the topics they discuss provide some amazing life lessons that go beyond just money management. I can tell right away that I am going to walk away more enlightened by this podcast.
Podcast information
- Amount of episodes
- 397
- Subscribers
- 102
- Verified
- No
- Website
- Explicit content
- No
- Episode type
- episodic
- Podcast link
- https://podvine.com/link/..
- Last upload date
- March 21, 2023
- Last fetch date
- March 21, 2023 4:20 PM
- Upload range
- WEEKLY
- Author
- Colossus | Investing & Business Podcasts
- Copyright
susbcribers
- Avi Goldfarb - The Economic Impact of AI - [Invest Like the Best, EP.321]My guest today is Avi Goldfarb. Avi is a Professor at the University of Toronto’s Rotman School of Management, the Rotman Chair in Artificial Intelligence and Healthcare, as well as the co-author of two bestselling books on AI and its economic impact. His most recent book, Power and Prediction, is probably the best piece of content I have read in explaining how AI may reshape business models, systems, and products. We recorded this before GPT-4’s release last week which, if anything, makes Avi’s ideas on AI’s impact all the more poignant. Please enjoy my conversation with Avi Goldfarb. For the full show notes, transcript, and links to mentioned content, check out the episode page here. -- This episode is brought to you by Tegus. Tegus is the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:15) - [First question] - His initial reaction to chat GPT when it first launched (00:07:08) - Prediction Machines; The impact price has on how much something is used by humans (00:11:07) - The shift from steam powered factories to electric ones and the transition between the two in regards to systems and application solutions; Power and Prediction (00:17:06) - Midpoints between a point solution and a systems solution and applications that are being built in the middle of them (00:19:10) - What application, system, and point solutions feel like today in the world of AI (00:27:03) - The transition from a world governed by rules to one by decisions (00:30:58) - How the power of prediction moves us from a binary to a decimal framework (00:34:48) - Ways power disruption will occur as we navigate the emerging AI frontier (00:44:33) - Other functions like personalization that entrepreneurs should think about putting into their products and features (00:47:18) - How we should be thinking about the generation of information and data (00:51:32) - A future where technology either desimates or empowers specific industries (00:54:16) - What he’s most excited and worried about given the emerging frontier of AI (00:55:41) - The kindest thing anyone has ever done for him0 comments0
- Auren Hoffman - A Deep Dive on Data - [Invest Like the Best, EP.320]My guest this week is Auren Hoffman. Auren is the CEO of Safegraph, which curates data on physical locations. He also founded LiveRamp, a public data connectivity business. Auren knows more about data businesses than almost anyone I know and that is the topic of today’s discussion. We look at the business of data from every angle and finish with a fun masterclass on how to host a dinner party. Please enjoy my conversation with Auren Hoffman. For the full show notes, transcript, and links to mentioned content, check out the episode page here. -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a long-time user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:16] - [First question] - His 2x2 matrix for categorizing different types of data businesses [00:04:59] - An example of what he calls a religion company in his matrix [00:07:03] - His notion of data currency [00:08:23] - His definition of a great business [00:09:46] - An example of a so-called application religion company in his proverbial matrix [00:11:24] - Co-op and non-profit business models within and outside of the data sphere [00:13:35] - The truth application quadrant of his matrix [00:15:00] - The more pure-data-oriented truth category of the matrix [00:16:18] - How data has exploded in prevalence for the business world as a whole [00:18:57] - How to think about the end market for data and its demand [00:21:09] - Characteristics of a good data set and how to identify it [00:23:14] - Other factors that impact the usability of a data set [00:24:30] - Optimizing data collection itself [00:26:30] - The slow growth that’s typical of early-stage data companies [00:27:27] - Market share considerations for data businesses [00:28:47] - Brand-building for data companies and how it can supercharge market share [00:30:03] - Common struggles for data entrepreneurs [00:31:55] - How he found a big problem that he could feasibly solve with data [00:34:01] - The genesis of his business; SafeGraph [00:35:15] - Progress in privacy protocols for gathering and mobilizing people’s data [00:37:08] - The power of self-maintained and user-maintained databases [00:38:34] - The kinds of data that SafeGraph gathers and how he foresees it expanding [00:40:16] - Typical customers and use cases for SafeGraph’s data [00:41:08] - How SafeGraph and other companies protect against data theft [00:42:12] - Frequency of change as a proxy for the value of a given data set [00:43:27] - How to optimize the systems of a business to continually gather and maintain accurate databases [00:45:32] - Categorizing inbound data based on the most important criteria [00:47:07] - The founder personalities he finds in the data industry [00:48:36] - The most noteworthy or quintessential data businesses in his opinion [00:49:53] - Why he feels the data truth quadrant of his matrix is underdeveloped [00:50:30] - Bloomberg as an important data company to study [00:51:42] - The importance of transparency in business and in data distribution [00:53:07] - Failure modes that he sees most commonly in data-based startups [00:53:53] - Data businesses becoming application businesses and vice-versa [00:55:29] - Innovations in the join keys and mechanisms that enable data to travel [00:57:35] - The great dinner parties he’s known for [00:59:50] - How he makes the dinner parties appeal to introverts [01:03:11] - Dead people he would most like to have as dinner guests [01:04:09] - Questions he would ask the most influential religious figures [01:04:58] - Why he thinks people are generally good and want to be inspired and passionate [01:06:20] - The kindest thing anyone has ever done for him1 comments1
- Invest Like the Best with Patrick O'Shaughnessy Mar 7 · 1h 6m Trae Stephens - Find Good Quests - [Invest Like the Best, EP.319]My guest this week is Trae Stephens. Trae is a partner at Founders Fund and co-founder and Executive Chairman of Anduril. Trae’s philosophy can be boiled down to finding good quests, which has led him to investing in businesses that work closely with the government on societally important issues. Clearly, that extends to co-founding Anduril and I would highly recommend listening to my Business Breakdowns episode on Anduril if you haven’t already. In this conversation, we discuss the importance of lobbyists, why the high-tech defense firms of the past became stale, and how he hunts for disagreeableness in founders. Please enjoy my conversation with Trae Stephens. For the full show notes, transcript, and links to mentioned content, check out the episode page here. Listen to Founders Podcast Founders Episode 136 - Estee Lauder Founders Episode 288 - Ralph Lauren -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:17] - [First question] - Why Trae thinks most high-margin businesses are bad for society [00:04:28] - What would he change to impact energy technology most if he were in charge [00:06:18] - His investing focus on dynamism and mission-driven tech companies [00:09:42] - Analyzing why relatively few people strive to make society-level advancements [00:11:35] - What he’s done as a parent to enable his kids to develop passions [00:12:41] - The most noteworthy adventures in his career [00:14:41] - Founding Anduril and what it taught him about the tech industry [00:18:40] - The cutting-edge of defense technologies today [00:21:29] - What Shyam Sankar of Palantir taught him about defense tech [00:23:34] - Why some of the biggest defense tech companies have stopped innovating [00:28:29] - What he and Anduril have learned about sales and scaling in the public sector [00:32:12] - Where lobbyists and decision makers play in to defense tech business models [00:35:22] - His take on Peter Thiel’s notion that competition should be avoided [00:38:24] - The importance of being psychologically disagreeable when building a start-up [00:39:54] - The origin story that stands out the most from companies he has interviewed [00:41:12] - How he developed an investor mindset on his unorthodox path to the venture world [00:43:57] - What he has learned from playing supporting roles and aligning with great leaders [00:46:11] - Important but uncommon lessons about entrepreneurship [00:48:21] - Venture investing lessons he’s learned from Lauren Gross [00:50:00] - His first VR project and aspirations for the future of VR [00:54:50] - The role of religion and spirituality in his business philosophies [00:59:13] - Why he tries to capitalize on morality as opposed to sin [01:03:57] - The kindest thing anyone has ever done for him0 comments0
- Doug Leone - Lessons from a Titan - [Invest Like the Best, EP.318]My guest this week is Doug Leone. Doug led one of the world’s most successful venture firms, Sequoia, for over 25 years after he was given responsibility for the firm by its founder, Don Valentine, in 1996. Alongside Mike Moritz, the pair managed its expansion from a single $150m early-stage fund into an $85 billion global powerhouse. It was a privilege to sit down with Doug and learn from him. We talk about his tough start at Sequoia, get into the technicalities of great go-to-market motions, and survey his advice for other investors in the industry. A key theme that will stick with me from this conversation is Doug’s insistence on keeping things simple and clear. Please enjoy my great conversation with Doug Leone. For the full show notes, transcript, and links to mentioned content, check out the episode page here. -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:21] - [First question] - What Don Valentine’s heart was like [00:06:30] - The most productive and unproductive parts of Don’s toughness [00:09:01] - Being the opposite of insufferable and how it was different when he was younger [00:10:55] - Why it’s so important to understand someone’s core motivations [00:14:18] - Questions or topics he returns to when getting to know people [00:15:31] - How much time he believes it can take to really get to know someone [00:16:44] - The most formative experiences he had prior to becoming an investor that impacted his investing the most [00:20:37] - What venture looks like to him today relative to his prior career [00:23:51] - His style of approaching emerging technology markets like AI as an investor [00:26:37] - Whether or not he’d go into venture today if he was in his late 20s [00:28:30] - Commonalities between the very best at going to market effectively [00:31:11] - The key components of great product positioning [00:32:10] - Helping companies circumnavigate mediocre positioning [00:33:25] - Generating demand and leads and doing it well [00:37:15] - How interacting with companies early on has changed over the ears [00:41:12] - Whether or not new entrants into venture should build firms with enterprise value [00:46:14] - Sussing out the killer gene in somebody [00:47:25] - What high school was like for him when he first came to the US [00:49:04] - How successful people can instill the lessons learned from hardship into their children [00:50:45] - The most common failure modes he’s seen for investors [00:52:30] - Whether or not competitive advantage can be architected ahead of time when building a company [00:53:52] - Whether or not his view on competitive advantage has changed [00:55:21] - The early 2000s clawback at Sequoia and what navigating that period was like [00:59:06] - What he’s learned about picking the right LPs and partnering with them [01:00:40] - The most interesting question an LP has ever asked him [01:02:18] - Making sure that performance is on everyone’s minds all the time [01:04:04] - What the components of a fantastic investment memo are [01:05:00] - Which dinner companions he’d pick to educate a newly successful founder [01:05:29] - What first popped out at him as black magic when he started investing [01:07:59] - The kindest thing anyone has ever done for him1 comments1
- Tim Urban - Idea Labs and High-Rung Thinking - [Invest Like the Best, EP.317]I’m excited to share this conversation with Tim Urban. Tim is, in my opinion, one of the best and most engaging writers of our era. He’s tackled many of the most interesting topics in the world from AI to procrastination. I interviewed him in 2017 in an episode we called “Grand Theft Life”, and it remains one of my favorite episodes ever. In the 6 years since that episode, he hasn’t published almost anything. That’s because he’s been writing the book we discuss in this episode. The book is called “What’s Our Problem”, in which Tim investigates the big issues facing society. The reason I love Tim’s writing so much is its density of ideas and ridiculously clear explanations: a rare combo that makes reading a joy. I hope you enjoy this great round two with Tim Urban, and go buy and enjoy his great new book. For the full show notes, transcript, and links to mentioned content, check out the episode page here. Listen to Founders podcast. -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:50] - [First question] - What it’s been like spending seven years thinking about a single topic: Tim's book, What’s Our Problem? [00:05:05] - How he’s come to articulate the big question he’s trying to answer in his book [00:07:58] - A dinner experience where a single question showed just how much of a problem there was to solve [00:09:47] - Group ideology and the different ladder rungs of human thinking [00:17:28] - The concept of a social golems and genies and their implications for society [00:23:02] - His favorite genies and golems throughout history and their impact [00:29:07] - Examples of canonical high functioning genies across history [00:34:20] - The key ingredients within liberal democracies that allow for and correct golems [00:40:44] - Media’s role in shaping ideas and society and what’s changed about it in today’s media landscape [00:46:46] - What else is going on that has him worried about modern institutions that are failing as social immune systems [01:01:15] - The gap between what we say publicly versus what we feel privately and the growing pile of unsaid things [01:07:18] - What’s to be done in order to help society repair itself [01:14:09] - Whether or not the direction we’re most afraid to run is where we should [01:17:37] - Thoughts on AI having written extensively on it and the new wave of emerging tools [01:22:13] - The role and impact of leadership in regards to golems and genies1 comments1
- Dan Rose - How Stunning Founders Operate - [Invest Like the Best, EP.316]My guest today is Dan Rose. Dan is the chairman of Coatue Ventures and has one of the most interesting collections of experiences of anyone I’ve talked to. He spent 20 years at Amazon and Facebook in their early days, working closely with Jeff Bezos, Andy Jassy, Mark Zuckerberg, and Sheryl Sandberg. He’s had a front-row seat to the defining products and founders of our era and his lessons from those experiences do not disappoint. Please enjoy this great discussion with Dan Rose. For the full show notes, transcript, and links to mentioned content, check out the episode page here. -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:27] - [First question] - The story behind Amazon’s Kindle and the lessons it taught him [00:09:19] - Amazon’s philosophy of working backwards and the most creative solutions he and his team had to come up inside of that framework [00:13:04] - What he did to convince publishers to get on board with his vision [00:16:02] - His overall experience of the relationship between innovation and constraints [00:18:43] - Thoughts about the fine line between genius and nutcase [00:22:02] - What the key points of his theory on partnerships would be [00:24:28] - When advising portfolio companies becomes relevant [00:26:09] - The dark arts of building companies that could be adopted by partnerships [00:28:40] - Why he thinks the best technology companies drive strategy through product [00:29:24] - What unites the communication layer between great leaders communicating a vision well [00:32:23] - Resolving micro management while also giving skilled talent their own space [00:36:07] - Where Javier Olivan fits into his ideal executive team [00:36:57] - What about growth requires its own expertise [00:37:35] - What makes Dave Schneider an ideal sales leader [00:39:08] - The most stressful period of time while working at Facebook [00:42:51] - General thoughts on great versus good business models in tech [00:45:36] - Topics where Jeff Bezos and Mark Zuckerberg would disagree the most [00:47:13] - Defining the platonic ideal of a great investor approaching corporate enterprises [00:50:25] - Overview of the investing environment we’re in today from coast to coast [00:53:45] - Other questions he loves and thoughts on Bezos asking people if they felt they were lucky or not [00:55:07] - What made Sheryl Sandberg so successful; Lean In [01:00:35] - Why he started his career at Life Mastery selling personal growth seminars [01:05:47] - What will define the next generation of leaders [01:07:59] - A product he would build if he could that doesn’t exist yet [01:08:59] - The kindest thing anyone has ever done for him0 comments0
- Jeff Green - Modernizing Advertising - [Invest Like the Best, EP.315]My guest today is Jeff Green , the CEO and co-founder of advertising platform, The Trade Desk. The Trade Desk is the second advertising exchange Jeff has built, having sold his first venue to Microsoft in 2007. He started The Trade Desk in 2009 and has built it into a $30 billion public business. In our discussion, we talk about the parallels between The Trade Desk and an equity exchange, why Jeff chose to align with ad buyers not sellers, and how he shapes the culture of his firm. Please enjoy my conversation with Jeff Green. For the full show notes, transcript, and links to mentioned content, check out the episode page here . Listen to Founders podcast Founders Episode #136 A Success Story: Estee Lauder Founders Episode #288 Ralph Lauren Invest Like the Best with David Senra: Passion & Pain -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:09] - [First question] - What he’s learned about human behavior and how it’s impacted his business [00:05:45] - Big differences in generational and perennial behavior [00:06:56] - The strong link between vulnerability and creativity [00:07:42] - The necessary preconditions that allowed him to build Trade Desk the way he did [00:10:53] - What it would have felt like as an early stage employee at Trade Desk [00:12:43] - The hardest parts about maintaining his type of company culture [00:14:05] - How much of his company culture is interwoven systemically or whether it arises naturally based on talent choices [00:15:59] - Defining what talent means to him and the dimensions of it that matter [00:18:32] - Laying out what a compelling vision is to him and in the general sense [00:22:03] - What he’s learned about delivering messages effectively [00:23:49] - The founding story and history of Trade Desk [00:28:33] - How he thinks about the key stakeholder groups around Trade Desk’s platform [00:30:50] - Figuring out who Trade Desk’s key customers were and identifying them writ large [00:34:55] - The composition of the universe and market of those who buy advertising [00:36:11] - Practical product implications based on their choice of service [00:40:16] - Building inventory legibility and its dimensions and importance [00:44:26] - What it’s like building a business that serves the biggest corporations in the world and what the revenue curve is like for that [00:47:55] - The time between the first line of code to a multi million dollar revenue stream [00:50:29] - Markers for technology companies he’d look for that could achieve a similar scale [00:53:35] - How not being able to simulate poverty or hunger translates into his parenting [00:57:10] - Describing the margin differences between Trade Desk and Google [00:59:00] - What stands out as the defining moment in his firm’s history [01:01:50] - The kindest thing anyone has ever done for him0 comments0
- Carl Kawaja - Dealing with Regime Change - [Invest Like the Best, EP.314]My guest this week is Carl Kawaja. It’s the second time I’ve had Carl on the show and my first conversation with him is one I go back to often. Carl is a portfolio manager at Capital Group, where he’s quietly overseen a huge portfolio for decades. He is one of the top investors operating today as well as one of my favorite people. The investing world has changed quite a bit since Carl and I first spoke in mid-2021 so this was a great chance to use Carl’s curious mind and wide range of experiences to discuss the regime change taking place across capital markets. In true Kawaja fashion, we go all over the map and discuss Apple, the Amazonian rainforest, baseball, the oil & gas industry, Muhammad Ali, and more. Please enjoy my great discussion with Carl Kawaja. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus, the modern research platform for leading investors. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it's quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:44] - [First question] - What the market feels like to him today [00:06:00] - The pros and cons of the cost of capital and experimentation [00:09:09] - Things we can learn from Oil & Gas stocks and resource commodities in general [00:14:38] - Pulling apart the key lessons from Berkshire’s purchases of IBM and Apple [00:20:37] - The practical implications of wanting to land more soft-wins in investing that aren’t apparent out of the gate [00:25:52] - How he approaches and considers products and product cycles writ large [00:31:10] - The Systems Bible [00:33:15] - Thoughts about making money from value based strategies [00:38:31] - His methodology to go about finding the next diamond in the rough [00:42:48] - A New Innings [00:45:13] - The Arc of Boxing ; Lessons from Muhammad Ali fighting Cleveland Williams [00:48:54] - Someone he thinks is an exemplar in both business and the world [00:54:37] - Don’t Sleep There Are Snakes [00:59:41] - The role fossil fuels play in the energy transition and the current regime change [01:07:35] - What we can learn from uncontroversial transitions in the past0 comments0
- Invest Like the Best with Patrick O'Shaughnessy Jan 24 · 1h 3m Daryl Morey - Systems Thinking in Sports - [Invest Like the Best, EP.313]My guest this week is Daryl Morey , who is President of basketball operations for the Philadelphia 76ers. Daryl is a computer science graduate but has become one of the NBA’s most successful General Managers during his time with the Houston Rockets and the 76ers. Together with my friend and past guest of the show, Sam Hinkie, Daryl pioneered the analytics movement in basketball. He’s been so influential his style has its own name, “Moreyball”, a nod to Michael Lewis’s book about baseball, Moneyball. Daryl is also the co-founder of the MIT Sloan Sports Analytics Conference, which has become the gold standard forum for leaders in sports analytics. I had a blast talking to him about negotiation tactics, systems thinking, hiring, and a ton more. Please enjoy this great conversation with Daryl Morey. Listen to Founders podcast Founders Episode #136 A Success Story: Estee Lauder Invest Like the Best with David Senra: Passion & Pain For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:15] - [First question] - The basic principles of sports and what makes for a great sport [00:09:54] - How resource concentration influences outcomes in various sports [00:13:13] - The degree of certainty in predicting sports outcomes based on existing data [00:16:32] - Using the concept of KPIs to optimize for certain characteristics to win games [00:18:45] - Training teams on specific systems and plays versus leveraging individual talent [00:21:07] - Why superstar athletes are key to success in basketball [00:24:02] - Dealing with constant expected value calculations to appease stakeholders [00:25:30] - Building the organization’s back office to find talented athletes [00:28:32] - How he and other GMs make organization-level decisions [00:34:12] - Why he’s involved with basketball as opposed to other sports [00:36:17] - How he uses his frameworks to figure out systems outside of mainstream sports [00:37:41] - Problems with the rules and economic factors of professional soccer [00:41:53] - Suggestions to mitigate huge point spreads that make viewers disinterested [00:42:54] - Trends he’s observed in the worlds of music, movies, and books [00:45:33] - His perspective on developing one’s own career path [00:48:22] - How challenges in his youth benefited him in the long run [00:49:28] - The person he would call for advice if he was stuck in a foreign prison [00:51:01] - His emphasis on first principles and why he supports free speech [00:52:31] - Takeaways from a Harvard negotiation class he took [00:57:07] - The power of refining the terms and definitions of a deal post-negotiation [00:58:51] - The four people in the world that intrigue him most [01:01:40] - The kindest thing anyone has ever done for him1 comments1
- Miles Grimshaw - The DNA of Software Companies - [Invest Like the Best, EP.312]My guest today is Miles Grimshaw . Miles is in his early thirties and is a General Partner at Benchmark. His experience and success belie his age. He was an early investor in Segment, Benchling, and Airtable, all before they had 30 employees. I have learned a ton from Miles about software investing and that’s why I was excited to have him on the show. We discuss his biological approach to investing, whether pure API companies can be good businesses, and what most has his attention right now. Please enjoy this conversation with Miles Grimshaw. Listen to Founders podcast Founders Episode #136 A Success Story: Estee Lauder Invest Like the Best with David Senra: Passion & Pain For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern Saas platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:57] - [First question] - His notion of the investor as a biologist or a physicist [00:05:24] - Why he seeks out new companies with unique business models [00:07:53] - How his investments are based on present and future needs in the market [00:11:55] - Evaluating the genetics of a nascent or small company [00:13:38] - The half-life of information as it flows through a company or platform [00:17:26] - Unpacking how software companies can survive re-evaluation periods [00:21:03] - The power of environment creation and facilitation [00:25:10] - The importance of user conferences [00:25:45] - A company’s potential for a differentiated second act as a sign of good genes [00:30:21] - Product quality, timing, and reinvention in tech startups [00:33:10] - Why it’s crucial for companies to avoid copying their heroes [00:37:41] - Breaking down market perspective on pure API companies [00:41:29] - His views on software targeted to vertical versus horizontal markets [00:44:29] - Carefully leveraging relationships with core customers [00:48:06] - Operational lessons from his experience with the companies he’s invested in [00:50:26] - His maxim that software development is as much an art as a science [00:51:12] - His idea of a product magician in the software industry [00:52:19] - Effects of new products and categories at the forefront of the space [00:58:21] - How software founders should prepare for 2023 [01:01:41] - How both market structure and product shape the genetics of a business [01:04:32] - The challenge of pricing and packaging for SaaS companies [01:06:42] - Cardinal sins in software investing [01:07:42] - The kindest thing anyone has ever done for him1 comments1
- John Fio - Creating Magic for Consumers - [Invest Like the Best, EP.311]My guest today is John Fiorentino . John is a product inventor and entrepreneur who, in the space of a few years, has bootstrapped four products; Gravity Blanket, Moon Pod, Moon Pals, and Birthdate Candles which have collectively sold hundreds of millions of dollars of revenue. Our conversation is quite different than normal. Alongside his successful brands, John has had a range of life experiences – from starting as a Jazz musician to working for Justin Bieber - that give him an original worldview. I was especially interested in his points around product positioning, creating magic for consumers, not letting yourself become the product, and how to build enduring brands. Please enjoy this great conversation with John Fiorentino. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:25] - [First question] - The amazing story behind Gravity Blanket [00:08:51] - What he’s learned about positioning relative to product [00:13:17] - How fundamental truths drive creativity in commerce [00:16:17] - Real-world examples of magic as he defines it [00:19:50] - The investability of consumer businesses from his perspective [00:25:25] - His contrarian thoughts on venture-backed startups [00:28:00] - How unique personalities create compelling IP and monetize it [00:38:28] - The fine line between creative power and self-destruction for brand founders [00:45:13] - The importance of consumer business goals being larger than oneself [00:48:45] - The story of the Moon Pals weighted stuffed animals [00:53:15] - How investors undervalue IP and mythology [00:57:20] - Leveraging uniqueness as a founder to boost your brand power [01:00:53] - His eye-opening experience working on Justin Bieber’s team [01:05:20] - How he identifies potential magic-makers and enables them [01:09:16] - An odd commonality between high-level successful people [01:12:14] - Whether or not one could map out their own archetype framework [01:15:23] - The dangers of focusing on one’s own persona and image as the product [01:18:19] - The kindest thing anyone has ever done for him1 comments1
- Amjad Masad - The Future of Software Creation - [Invest Like the Best, EP.310]My guest today is Amjad Masad . Amjad is the founder and CEO of Replit, whose mission is to bring the next billion software creators online. Replit has built a browser-based coding environment that makes coding more fun, collaborative, and approachable. We discuss how that is possible and why the way most of us interact with computers today is suboptimal. We then go into the effects of AI on software creation and its broader impacts on technology. Please enjoy my conversation with Amjad Masad. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:18] - [First question] - The Steve Jobs black-pill [00:06:02] - Speculation on the near future of programming [00:09:38] - Potential convergence of simple software and coding tools [00:11:23] - What an IDE is and how it works [00:12:44] - The definition of REPL and the role of Replit in the space [00:14:21] - Decreasing friction in a programming environment using primitives [00:19:47] - Real-world effects of Replit’s low-friction design [00:23:27] - His perspective on new coding and AI technologies [00:30:29] - Promises and limitations of the user-friendly programming movement [00:33:16] - The dynamic nature of IDE technology and its challenges [00:39:53] - How he’s priming his team to react to new technologies like the upcoming GPT-4 [00:43:58] - Recommended skills and training for the AI world of the future [00:47:21] - The impact of IDE and AI tech innovations on existing tech giants [00:51:56] - His mixed but optimistic views on the trajectory of AI [00:54:40] - Recommendations for the curious listener without a programming background [00:56:50] - The role of smartphones in the IDE movement [00:58:28] - The kindest thing anyone has ever done for him1 comments1
- Rebecca Lynn - Finding Your Customers - [Invest Like the Best, EP.309]My guest this week is Rebecca Lynn . Rebecca co-founded early-stage investor Canvas Ventures in 2013 and is regularly featured as one of the best VCs in the market. She has deep positioning and go-to-market experience, which she honed during her time at Procter & Gamble, and that's the focus of our discussion. We cover the details of great marketing, why you should say no to customers, and how she has built Canvas. Please enjoy my discussion with Rebecca Lynn. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern Saas platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:37] - [First question] - What she’d do a great job teaching if she could teach a singular 401 level course [00:05:20] - Defining what the umbrella concept is [00:06:10] - What about her career at P&G applies most to the kinds of companies she spends her time with now [00:12:06] - What types of questions she asks to help someone building a product understand their marketing angle [00:15:34] - The top three things people do wrong when running a survey in tactics or strategy [00:19:33] - Categories of questions where surveys are always helpful and effective [00:21:06] - What the Go-To-Market Council is and what it does [00:28:21] - The ways that most funnels are commonly broken [00:31:17] - Defining great positioning and what it accomplishes [00:33:36] - How her knowledge and ideas most impacted the way she built Canvas [00:35:04] - Lessons learned about the world of digital health and the quantified self [00:39:15] - The base level attributes that most indicate investment potential when she’s investing in a company [00:42:32] - The shifts in the world that most have her attention today [00:46:10] - What has her worried systemically about venture investing [00:49:37] - The kindest thing anyone has ever done for her1 comments1
- Michael Mauboussin - Sharpening Investor & Executive Toolkits - [Invest Like the Best, EP.308]My guest this week is Michael Mauboussin . Many of you will know Michael and his work well. He’s Head of Consilient Research at Counterpoint Global, one of the sharpest investment minds I know, and a frequent guest on this show. In this discussion, we go deep into his recent work on market share, returns on capital, and capital allocation - all of which are coming under increasing scrutiny for different reasons. Please enjoy this great conversation with my friend Michael Mauboussin. Listen to Founders podcast Founders Episode #136 A Success Story: Estee Lauder Invest Like the Best with David Senra: Passion & Pain For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:46] - [First question] - Overview of Michael’s recent research on market share [00:05:48] - Market share dynamics in modern history [00:08:43] - How market share data is useful for investors [00:12:30] - Investing in early breakout companies from low-concentration markets [00:14:34] - Surprises from his recent research project [00:15:29] - Using the value stick for stakeholder satisfaction [00:19:12] - Examples of value creation using the value stick [00:23:33] - Market power in relation to markups and willingness to pay [00:32:00] - Identifying a company’s real ROIC numbers [00:44:00] - How important absolute ROIC is when picking investments [00:47:07] - Research on capital generation and allocation trends [00:54:25] - Characteristics of great capital allocation strategies [00:59:26] - Surprises in the market since his deep-dive research [01:02:54] - Artificial intelligence and other sources of disruptive innovation1 comments1
- Invest Like the Best with Patrick O'Shaughnessy Dec 13 · 1h Jeremiah Lowin: Explaining the New AI Paradigm - [Invest Like the Best, EP.307]My guest this week is Jeremiah Lowin . Jeremiah has been on the podcast a number of times over the years. He’s one of my oldest friends who has been a sounding board for me throughout my career. Today he is the founder and CEO of Prefect, which helps companies automate and orchestrate their dataflows. In full disclosure, Positive Sum is an investor in Prefect. We didn’t plan this conversation, but when OpenAI released ChatGPT, I called Jeremiah for a primer on what’s happening under the hood and how best to contextualize this product amidst the growing AI movement. We have these conversations often, but this time I decided to record it so we can all learn from someone I consider to be a leading mind in the fields of data science and machine learning. We start off in the weeds and zoom out as the discussion unfolds. Please enjoy this conversation with my friend, Jeremiah Lowin. Listen to Founders podcast Founders Episode #136 A Success Story: Estee Lauder Invest Like the Best with David Senra: Passion & Pain For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:38] - [First question] - What a pre-trained transformer is [00:06:12] - What latent representation means in the context of AI models [00:09:57] - Models using math to interpret input data and generate images accurately [00:11:43] - Whether or not understanding AI complexity in light of the results they arrive at will become a black box scenario [00:14:13] - A high level history of the companies involved in generative AI [00:17:51] - The precursory technology that makes generative AI art possible [00:21:01] - What people are doing to improve AI models in between versions [00:26:39] - Things that are literally happening during AI training [00:29:44] - The power dynamics and barriers to entry for building AI models [00:33:38] - Whether or not AI models might one day function as a utility like electricity [00:36:01] - Coding using GitHub Copilot and what it’s felt like to use it [00:40:30] - How he’d approach starting an AI company from scratch [00:44:40] - Developing this technology beyond general and into specific use cases [00:49:44] - The secret sauce for defensibility in the AI model space [00:53:02] - What he’s watching more closely as the story unfolds [00:56:32] - Whether or not he thinks that these toolkits will eventually learn how to use other systems like Unreal Engine on our behalf1 comments1
- Bill Lenehan: Investing in Commercial Real Estate - [Invest Like the Best, EP.306]My guest today is Bill Lenehan. Bill is the CEO of Four Corners Property Trust, a listed REIT and one of the leading owners of restaurant real estate in the US. Their portfolio is made up of 982 properties across 47 states. Real estate is something most of us own, whether as an investment or a home, and Bill’s insight into the asset class at this particular moment in time is fascinating to hear. Please enjoy my conversation with Bill Lenehan. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:19] - [First question] - Recent increases in mortgage rates and a frozen housing market [00:08:55] - Projected real estate trends over the next decade [00:13:38] - How a company’s ROI can be more consistent with backing from a real estate firm [00:16:41] - Risk-return rate and risk exposure in real estate compared to other asset classes [00:20:09] - The skills, traits, and circumstances that make a top-level real estate investor [00:22:38] - Stand-out learnings from his time at Farallon Capital Management [00:33:20] - The value of shopping malls and offices in a post-COVID, e-commerce US [00:39:27] - Pros and cons of different types of real estate investments, including REITs [00:43:22] - The impact of climate change on the real estate market [00:45:39] - The role of modern technology in investing and in real estate infrastructure [00:51:10] - Hard costs of building and renovating for the future [00:54:20] - How hard costs and supply levels impact rates of return and housing costs [00:57:17] - How the retail industry is adapting to consumer trends [01:01:23] - Why retailers need to adapt to a changing economy and how they’ll do it [01:04:03] - The relative magnitude of change in today’s real estate market [01:06:51] - The role health and wellness plays in real estate and finance [01:09:28] - What it feels like to be investing in 2022 [01:12:23] - The kindest thing anyone has ever done for him1 comments1
- Ron Howard and Brian Grazer - Box Office Business - [Invest Like the Best, EP.305]Today I’m joined by two Hollywood greats, Ron Howard and Brian Grazer . They have produced, directed, written, and acted in a number of the most popular films and tv shows ever made, including Apollo 13, A Beautiful Mind, 24, and Frost/Nixon. Their partnership is one of the longest running in Hollywood, and the business they founded in 1985, Imagine Entertainment, has won 49 EMMY awards, 11 Golden Globes, and 10 Academy Awards. There are few better storytellers in the world and it was a thrill to talk about curiosity, trust, and business building with them both. Please enjoy this great conversation with Ron Howard and Brian Grazer. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:44] - [First question] - The value of trust and how Ron built it up over time with Brian [00:08:34] - The spark that allowed Brian to trust and work with Ron [00:14:45] - Ray Stark calling Brian and threatening him over their mermaid movie [00:16:37] - Keeping their creative spark alive as their business scaled and matured [00:20:20] - Principals like the universality concept that they return to most commonly [00:23:24] - Seemingly bottomless wells of inspiration that they both pull from [00:26:18] - Curiosity precedes innovation and the curiosity conversations Brian has [00:30:15] - The pitch format Brian uses to try and secure a guest for a curiosity talk [00:32:16] - The role of engaging with conversations or ideas Brian disagrees with [00:33:56] - How curiosity shapes the nitty gritty of Ron’s directing and producing [00:37:41] - The biggest mistakes they’ve come across that people make telling stories [00:40:27] - Pinpointing the defining moments of their careers outside of the obvious wins [00:44:27] - Thoughts about how the industry has changed across their careers [00:47:19] - How they’ve gotten better at taking a project from nothing to the finish line [00:49:53] - The kindest things anyone has ever done for them0 comments0
- Shane Battier - The No-Stats All-Star - [Invest Like the Best, EP.304]Today’s episode is a special one, in a format that may turn into a series. It is a conversation between Ravi Gupta and Shane Battier . Ravi is a partner at Sequoia, one of our most popular past guests, and a good friend. Shane is Ravi’s friend, and one of the most successful basketball players ever, having won championships and awards at the high school, college, and NBA levels. I spent 10 years as a purely quantitative investor, so naturally I was obsessed with data in sports. When I was meeting with prospective investors, Michael Lewis’s book Moneyball—which chronicled the data analytics revolution in baseball—was my go-to analogy to explain what I did… “Moneyball, but for investing.” I used that line for years. I’ve learned firsthand that it’s wise to follow your curiosity, no matter how strange or different it may be. The podcast is my curiosity tour, and years ago it led me to Sam Hinkie—who is himself on the Mt. Rushmore of analytics in sports. Sam introduced me to Ravi. Then Ravi sent me Michael Lewis’ article written about Shane called “The No Stats All-Star.” I highly recommend you read it. All this serendipity around friends, data, investing, and sports gave me an idea: why not ask Ravi to interview Shane? There were so many valuable ideas in the Michael Lewis article, I thought we’d get even more in a real taped interview with someone that knew Shane well, and that’s exactly what happened. Ravi likes the idea of playing for the front of the jersey, not the back. It is hard to imagine someone that lived that more than Shane. Shane shares his story, lessons learned from various coaches, and using data as an advantage. He also explains the four kinds of teams he’s encountered, which I found simple, and memorable. I hope you enjoy this great conversation, and if you have ideas for other iconic duos we could bring on in a similar format, DM me on Twitter. Thanks to Ravi and Shane for kicking off Thanksgiving week for us all. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:03:53] - [First question] - What people measure in basketball, what matters when it comes to winning, and why he was called a replaceable cog in the No-Stats All-Star [00:08:38] - Some of the plays that impact the overall points during a basketball game [00:11:44] - The role that preparation and understanding game analytics plays in the ability to do something different and succeed at it [00:14:33] - The power of curiosity and obsessing over details [00:16:16] - Embracing his role and how being a role player applies to life outside of the court [00:20:47] - Where his obsession for winning and being a good team mate comes from [00:23:23] - Some of the things great leaders and coaches did to inspire him [00:28:51] - An overview of the four types of teams and fundamental aspects of them [00:34:50] - What a person can do to elevate their team and make it a winning one [00:37:43] - Antifragility and the letter Shane wrote for Ravi when Amazon bought Whole Foods [00:41:08] - Riding the thin line between winning a championship and being irrelevant [00:44:56] - How to get everyone rallied around a long-term shared mission effectively [00:46:48] - Finding a No-Stats All-Star in a company and what to look for in one [00:52:34] - The kindest thing anyone has ever done for him0 comments0
- Parker Conrad - Building a Compound Company - [Invest Like the Best, EP.303]My guest today is Parker Conrad , co-founder and CEO of Rippling. I wanted to speak to Parker because he is building Rippling in a way that we don’t come across often. Rather than focus narrowly on one product, he is building a suite of interrelated products simultaneously to carry out the functions of HR, Finance, and IT for companies. He calls it a compound company and we discuss the idea, as well as some of his other non-traditional theories, in detail. Please enjoy this conversation with Parker Conrad. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com . -- This episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:36] - [First question] - Overview of what a compound startup is [00:06:32] - What he’s learned about picking customers effectively [00:08:48] - Key chapters when it comes to building a compound startup [00:13:48] - What great looks like at the base level infrastructure of employee data [00:20:15] - His overall philosophy on product development writ large [00:25:09] - His role as a capital allocator and distributing resources to his teams [00:27:19] - The amount of products they offer and whether or not there’s a tradeoff between time, cost, and quality when building software [00:31:36] - Possibly incorporating an app-like store on top of their existing infrastructure [00:34:43] - Speed and the kinds of people that can sustain it for long periods of time [00:36:30] - What motivates him on a personal level and harnessing motivation in general [00:42:31] - Whether or not there’s an end to feeling hurt by false public perceptions when building in public [00:44:12] - The intersection of leadership and communication inside of a business and what he’s learned about great communication [00:48:00] - The paradox of how focusing on non-scalable actions perpetuates growth and productivity and his views on productivity-per-person [00:50:36] - The best example of a moment that required the most grit and perseverance while building his company [00:52:28] - How to successfully get former founders to come work for him [00:54:47] - What good private equity investors do [00:58:31] - The kindest thing anyone has ever done for him0 comments0
- Bob Elliott - A Macro Tour - [Invest Like the Best, EP.302]My guest today is Bob Elliott , the CEO and CIO of Unlimited, which creates low-cost index ETFs for alternative investment strategies. Prior to co-founding Unlimited, Bob was a senior investment executive at Bridgewater Associates where he served on their investment committee and led Ray Dalio’s personal research team for a decade. His breadth and depth of experience makes him a great person to assess the current macro landscape. We discuss the relationship between rates, inflation, and asset classes, Bob's approach to identifying data with the most signal, and finish with his view on quantitative strategies in private markets. Please enjoy this great discussion with Bob Elliott. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:45] - [First question] - The Economic Organization of a POW Camp and key lessons one can learn from the paper [00:07:22] - The way that supply and demand clears a price and how that plays into his thinking about investing across asset classes [00:09:58] - Whether or not he has a generalized investing worldview or framework [00:11:46] - Deciding on what data is signal and matters most when analyzing markets [00:15:46] - A crash course on easy money and tight money regimes and the implications of both in a macro environment [00:20:28] - The rise and role of inflation and what should be done about it [00:24:00] - What the next couple of years will look like if we draw lessons from history [00:30:12] - Why gold could ever belong in someone's portfolio when it doesn’t produce or yield anything back to the investor [00:35:08] - Supply and demand constraints and the state of the housing market today [00:40:42] - What might happen in future labor markets given our current macro environment [00:46:27] - Currencies, energy, geopolitics, and what he’s most focused on globally [00:52:19] - What movements in the charts are worrying him the most [00:56:04] - The original “All Weather” portfolio and what one would look like if he built it today [01:02:05] - How his career has taught him to find talented individuals who might deliver alpha [01:07:19] - Lessons learned from early-stage and venture investing and thoughts on that world now [01:12:41] - Why there hasn’t been an iconic early-stage technology investing firm driven by systematic strategies [01:16:10] - The kindest thing anyone has ever done for him1 comments1
- Invest Like the Best with Patrick O'Shaughnessy Nov 1 · 1h 9m Kirsten Green - Investing in Consumer Change - [Invest Like the Best, EP.301]My guest today is Kirsten Green , founder and managing partner at Forerunner Ventures. Kirsten launched Forerunner in 2012 and has built it into a leading consumer-focused venture firm with early investments in consumer brands like Dollar Shave Club, Bonobos, Faire, and Warby Parker. Our conversation is an exploration of consumer behavior and how to invest behind change in our society. We also discuss frameworks for identifying brands early, how to build deal flow, and the shift in power between buyers and sellers. Please enjoy my conversation with Kirsten Green. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:35] - [First question] - The insights gleaned from studying consumers in the modern era [00:07:02] - Whether or not the shift in consumer behavior is similar to a platform shift like mobile [00:09:58] - Which of her hypothesis going into the research was proven most wrong [00:11:31] - The leading persona archetype that drives consumer spending [00:13:58] - Thoughts about her investing focus after doing all of this research [00:16:23] - How much the digital world is good and bad for community [00:18:50] - Positive and negative impacts digital access has on children [00:21:17] - The investing criteria that she and her firm have developed for founders and business models they find desirable [00:29:20] - An example of the middle of the spectrum between tailwinds and headwinds that may result in them passing on a business [00:32:00] - The beachhead problem for entry points, encouraging good focus and entry point selection, and who’s done it well [00:35:33] - The history of the consumer of how they buy and sell and where the shifts in power have been [00:39:47] - Other interesting trends she’s seeing in the seller empowerment era [00:43:35] - How different her investing models are for linear product businesses [00:46:45] - Frameworks she’s developed for evaluating a brand early on [00:49:57] - The most defining moment in Forerunner’s history and the hardest lesson she’s had to learn [00:53:13] - Ways she’s fostered and mentored young investors at Forerunner [00:54:04] - What the most underappreciated thing is today about the consumer [00:54:50] - User and customer development strategies that work well for early stage products [00:56:26] - Three businesses young investors should study to educate themselves on great consumer businesses; Shoe Dog [00:59:49] - Where they find the companies Forerunner tends to invest in, and how to build and effective deal flow pipeline [01:05:07] - The kindest thing anyone has ever done for her1 comments1
- Jason Droege - Building Uber Eats - [Invest Like the Best, EP.300]My guest today is Jason Droege , a venture partner at Benchmark. Jason’s had a long entrepreneurial career, which most recently culminated in building and leading Uber Eats. He joined Uber in 2014 with a blank piece of paper to grow the business beyond ride sharing. Within six years, he found product market fit with food delivery, refined the service, and scaled Uber Eats to a global $20 billion GMV run rate. Our conversation pulls out the most important lessons learned during that period and how Jason now employs them in his role at Benchmark. Please enjoy this great conversation with Jason Droege. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:52] - [First question] - What it was like at a high level building Uber Eats [00:07:38] - How he would structure entrepreneurial incentives on a platform like Uber for a new leader or team attempting to build on top of it [00:10:17] - What he learned about selecting competitive frontiers and mistakes made while building Uber Eats [00:15:17] - Things that Uber Eats got most right that he’s proud of [00:18:16] - Constructive mistakes that taught him a lot from his time with Uber Eats [00:20:36] - What made India such a competitive environment [00:22:50] - Building a business with an uncertain end state of unit economics [00:26:13] - What improved the most in his playbook for launching in a new city [00:27:14] - Defining what best means in this competitive sector [00:29:01] - Dealing with suppliers in different categories and finding an ideal balance [00:32:09] - When monogamy between the buyer and supplier matters and when it doesn’t in a marketplace [00:33:29] - Other attributes of a marketplace he’d pay special attention to as an investor given what he’s learned building one [00:36:12] - Defining what founder market fit is and being “fingertippy” [00:37:29] - His views on the relationships between leaders of businesses and their cultures [00:40:26] - Why Uber believed in him more than he did [00:41:40] - What he learned about marketing to suppliers specifically [00:43:44] - Find new businesses by looking for areas that technology hasn’t yet affected [00:45:18] - Differing views he has on the concept of failure [00:47:31] - Thoughts about ideas versus execution and the relative importance of the two [00:49:10] - Effectively measuring opportunity cost and using it in decision making [00:51:14] - What it’s like being inside of a consumer business that people have so many opinions about [00:56:30] - How he would describe the landscape and state of the market he was in from a higher viewpoint today [00:58:56] - The most interesting things he’s learned from his time as a partner at Benchmark [01:00:15] - The kindest thing anyone has ever done for him1 comments1
- Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]My guest today is Paul Orfalea. Paul founded Kinkos, the popular copy chain, in 1970. He started with a single photocopy shop in California and grew the business into a $2 billion multinational operation over the course of his 30 years in charge. Paul is a non-traditional leader in the best sense and we discuss his philosophy of business building, from why your subordinates should frustrate you, why you shouldn’t love your business and tips he learned on hiring well. Please enjoy this conversation with Paul Orfalea. Founders podcast on Paul Orfalea. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern SaaS platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:58] - [First question] - What it was like to be a very bad student in highschool [00:04:22] - When he first realized he was unemployable [00:05:02] - The origin story of the very first Kinko’s [00:06:13] - What the ideal progression of an entrepreneur is in his mind [00:06:57] - Recognizing real customer problems and what he enjoys most about sales [00:07:53] - Finding what has worked well in each Kinko’s and coaching managers [00:08:54] - Something he found that a manager was doing that blew him away [00:10:22] - Getting messages from his brain to everyone else in the Kinko’s network [00:11:45] - The difference of working on and not in the business [00:13:22] - What he got better at when it came to managing people [00:13:57] - Why a good salesperson will sell you broke [00:14:41] - Disagreeableness as a positive characteristic for people in business [00:15:08] - Whether or not candor is different from disagreeableness [00:15:36] - Why he teaches, what he teaches, and his teaching style [00:18:31] - Explaining the Federal Reserve in two minutes [00:19:47] - What students most commonly want from him [00:20:06] - Whether or not making yourself inaccessible as a leader is good for promoting a self-starter attitude amongst team members [00:21:39] - The story about tearing down a sign that was antagonistic to a customer [00:21:58] - The role of anger in his career and something he’s worked on over time [00:22:31] - Where Kinko’s falls on the spectrum of bad to great businesses [00:24:09] - Characteristics he’d look for in founders to back a business early [00:25:08] - Qualities of a business he’d cultivate more or less if he could start over [00:26:18] - Lessons learned about using the word employee [00:26:42] - His strategy for where to go next once he had his original concept [00:27:21] - The most clever marketing strategy he ever deployed or designed [00:27:45] - Learning to spread the glory instead of the money [00:28:30] - The state of entrepreneurship today compared to when he started [00:29:50] - How he instilled frugality and the saving mentality in the business [00:30:42] - What motivated him across his career [00:31:35] - Why being in it for the money seems odd in today’s lens [00:32:34] - Who he most admired or most admires today [00:32:51] - Let My People Go Surfing: The Education of a Reluctant Businessman [00:33:08] - Preserving the alignment of integrity and action [00:33:42] - What it felt like to sell a business he’d worked so hard on [00:34:57] - How good he is naturally with numbers and math being dyslexic [00:37:17] - Defining success as having your adult children want to hang out with you and what stood out about his parents to him [00:38:05] - His parents’ impression of him while he was building Kinko’s [00:38:34] - What has his interest and keeps his interest most [00:39:56] - The most interesting person he’s ever worked with at Kinko’s [00:40:48] - What he would have done differently if he started from scratch [00:41:24] - Something that is most underappreciated about the United States [00:43:00] - The kindest thing anyone has ever done for him [00:43:57] - A big lesson he’s earned in a deeper way that he wishes he could share with others1 comments1
- Madhavan Ramanujam - How to Price Products - [Invest Like the Best, EP.298]My guest today is Madhavan Ramanujam . Madhavan quite literally wrote the book on how to price products, it’s called “Monetizing Innovations” and his concepts have been used by companies across the world like Porsche, Uber, LinkedIn, and SuperHuman. Our conversation is a masterclass on pricing. We discuss common mistakes when pricing products, why you need to focus on benefits rather than features, and how to pick the right monetization model. Please enjoy my conversation with Madhavan Ramanujam. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern Saas platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:48] - [First question] - How he arrived at a radically different way of building products [00:05:07] - An example of coming up with a price before the product [00:08:35] - Distinctions between a willingness to pay and positive feedback [00:10:29] - How to make sure you’re talking to the right potential customer in the first place [00:13:32] - Productizing for different customer segments [00:16:16] - Questions companies should be asking to get accurate feedback [00:21:18] - What he’s learned about the motivations of potential buyers [00:22:43] - What leaders, killers, and fillers are [00:24:37] - Some of the biggest mistakes companies make while following his formula [00:25:35] - A rule of thumb for what is a benefit versus a feature [00:27:35] - Five distinct pricing models for charging a customer [00:30:46] - Whether or not the value piece of all of this revolves around time and money [00:33:27] - What he tells entrepreneurs about pricing their products that most surprises them [00:35:16] - Defining the first four categories of failure [00:40:13] - Reasons why so many innovations fail to monetize and pricing being a CEO topic [00:41:51] - Good rules that leaders can use to have a general sense for effective pricing [00:47:38] - Behavioral changes and observations as the absolute price move up and down [00:50:36] - Is there a pricing genius we should take note of? [00:53:18] - The single question every leader should ask themselves [00:53:46] - The kindest thing anyone has ever done for him1 comments1
- Scott Wilson - Non-Traditional Endowment Investing - [Invest Like the Best, EP.297]My guest today is Scott Wilson. Scott is the CIO of Washington University’s endowment, which manages over $13 billion. In this conversation we discuss WashU’s non-traditional endowment model and cover a variety of asset classes and geographies. We talk about the qualities Scott looks for in managers, lessons from investing in Asia and emerging markets, and red flags in the venture space. Please enjoy this conversation with Scott Wilson. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Tegus . Tegus streamlines the investment research process so you can get up to speed and find answers to critical questions on companies faster and more efficiently. The Tegus platform surfaces the hard-to-get qualitative insights, gives instant access to critical public financial data through BamSEC, and helps you set up customized expert calls. It’s all done on a single, modern Saas platform that offers 360-degree insight into any public or private company. I’ve been so impressed by the platform that my firm, Positive Sum, recently made an investment in Tegus. We did so because we feel that Tegus will be the gold standard platform for investing research for decades to come. As a listener, you can take Tegus for a free test drive by visiting tegus.co/patrick . And until 2023 every Tegus license comes with complimentary access to BamSec by Tegus. -- Today's episode is brought to you by Brex . Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best . -- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes . Past guests include Tobi Lutke , Kevin Systrom , Mike Krieger , John Collison , Kat Cole , Marc Andreessen , Matthew Ball , Bill Gurley , Anu Hariharan , Ben Thompson , and many more. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes [00:02:38] - [First question] - What he learned about markets from quant fixed income trading [00:04:42] - How his experience shaped his degree of skepticism of the world [00:05:15] - The story that brought him to Grinnell College [00:06:45] - What his education was like back in 2010 and what seemed sensible and insane when he arrived [00:08:05] - The style of investment he learned at Grinnell compared to his style now [00:09:37] - His philosophy around trying to have more direct ownership [00:11:00] - Why their co-investment approach is outperforming the rest [00:12:03] - Lessons learned about choosing good partners and doing it effectively over time [00:13:51] - Things that are most enjoyable about getting to know new managers [00:14:25] - The role that global travel and having boots on the ground plays in his success [00:16:17] - Why they spend so much time in frontier and emerging markets [00:18:21] - Lessons learned from investing in China and thoughts on it today [00:20:10] - What else he’s learned in continental Asia outside of China [00:21:02] - Interests and red flags when it comes to investing in the venture space [00:23:16] - The worst things he sees from venture investors [00:24:39] - Whether or not venture investors should care more [00:26:16] - The virtues and vices in private equity and his thoughts on that space [00:27:55] - What percentage of investors in private equity are investors versus just involved to try and engineer returns [00:28:59] - His impressions on hedge funds and the evolution of the hedge fund model [00:31:18] - The role that credit can play in a portfolio like the one he manages now [00:33:10] - Common characteristics of managers that perform well in credit [00:34:20] - How he thinks about the sources of returns in the “other” portfolio category [00:36:34] - Everything he’s learned about asset managers acting as asset gatherers [00:39:35] - Ways he fights convergence and tracking error overseeing so much capital [00:41:49] - What it’s like to go through the bad side of tracking error [00:44:27] - Thoughts on how the macro environment influences allocating time and resources [00:45:43] - What he sees as a normal level of tracking error for endowments and foundations [00:46:59] - Why such big pools of institutional capital tend to look so similar [00:48:10] - Whether or not real estate sits somewhere between stocks and bonds [00:49:07] - The cultivation of a talented investment team and effectively teaching investing [00:51:10] - Colliding managers in a fun and spirited way at meetings [00:52:16] - An investing trip from his career that he finds most memorable [00:53:34] - Whether or not the factors that sort winners from losers will be different today compared to a decade ago [00:52:50] - The kindest thing anyone has ever done for him1 comments1
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![Daryl Morey - Systems Thinking in Sports - [Invest Like the Best, EP.313]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/78489741258f48f16731cceb94547d6379226e62.jpeg "Daryl Morey - Systems Thinking in Sports - [Invest Like the Best, EP.313]")
![Miles Grimshaw - The DNA of Software Companies - [Invest Like the Best, EP.312]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/18dcddece7142bf838ef7e49a40b6e4224293d1a.jpeg "Miles Grimshaw - The DNA of Software Companies - [Invest Like the Best, EP.312]")
![John Fio - Creating Magic for Consumers - [Invest Like the Best, EP.311]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/8d2df6d5d11ce8e7e47fcd05fb6cebb1677c1f49.jpeg "John Fio - Creating Magic for Consumers - [Invest Like the Best, EP.311]")
![Amjad Masad - The Future of Software Creation - [Invest Like the Best, EP.310]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/ce6619d15ad9337e5a9131a730671e6d5b12a73a.jpeg "Amjad Masad - The Future of Software Creation - [Invest Like the Best, EP.310]")
![Rebecca Lynn - Finding Your Customers - [Invest Like the Best, EP.309]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/8a104a775e35e668605cea09ca6bfa10ee8511df.jpeg "Rebecca Lynn - Finding Your Customers - [Invest Like the Best, EP.309]")
![Michael Mauboussin - Sharpening Investor & Executive Toolkits - [Invest Like the Best, EP.308]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/952fab2bc45b9c8ab87a1ffe406722401e52032d.jpeg "Michael Mauboussin - Sharpening Investor & Executive Toolkits - [Invest Like the Best, EP.308]")
![Jeremiah Lowin: Explaining the New AI Paradigm - [Invest Like the Best, EP.307]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/7cc6cd2e9bece9bbf0b5b9addb31b70d5021bebf.jpeg "Jeremiah Lowin: Explaining the New AI Paradigm - [Invest Like the Best, EP.307]")
![Bill Lenehan: Investing in Commercial Real Estate - [Invest Like the Best, EP.306]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/0225b87514a1696f8a19ec729addd26dbb5bfb2d.jpeg "Bill Lenehan: Investing in Commercial Real Estate - [Invest Like the Best, EP.306]")
![Ron Howard and Brian Grazer - Box Office Business - [Invest Like the Best, EP.305]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/500d64e3732cbbd58134ca356619d2ade0ba1ff9.jpeg "Ron Howard and Brian Grazer - Box Office Business - [Invest Like the Best, EP.305]")
![Shane Battier - The No-Stats All-Star - [Invest Like the Best, EP.304]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/dcf5e15a749bbef34cc8a942756471d3682866f6.jpeg "Shane Battier - The No-Stats All-Star - [Invest Like the Best, EP.304]")
![Parker Conrad - Building a Compound Company - [Invest Like the Best, EP.303]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/7c9bccf6ae31a2cd92be04f4a5aca9a5c16be898.jpeg "Parker Conrad - Building a Compound Company - [Invest Like the Best, EP.303]")
![Bob Elliott - A Macro Tour - [Invest Like the Best, EP.302]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/28265b3a70754bedbcb1a020287f7ab948eb5390.jpeg "Bob Elliott - A Macro Tour - [Invest Like the Best, EP.302]")
![Kirsten Green - Investing in Consumer Change - [Invest Like the Best, EP.301]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/d3e9f8eb9fb331f8360483e372d80d10c003faae.jpeg "Kirsten Green - Investing in Consumer Change - [Invest Like the Best, EP.301]")
![Jason Droege - Building Uber Eats - [Invest Like the Best, EP.300]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/5a9cbb6f93a41036b2608766d68bf9cedb4526d3.jpeg "Jason Droege - Building Uber Eats - [Invest Like the Best, EP.300]")
![Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/0f365c492edc4bebfbb233073252574f8c3126f4.jpeg "Paul Orfalea - It’s About the Money - [Invest Like the Best, EP.299]")
![Madhavan Ramanujam - How to Price Products - [Invest Like the Best, EP.298]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/2fb84cea25e079795b9205ddcbf282735ce7396d.jpeg "Madhavan Ramanujam - How to Price Products - [Invest Like the Best, EP.298]")
![Scott Wilson - Non-Traditional Endowment Investing - [Invest Like the Best, EP.297]](https://podvine.com/cdn-cgi/image/width=175/https://images.podvine.com/a01b1ac3eccdf3a9fba84f6aefaebb9040f0c7fc.jpeg "Scott Wilson - Non-Traditional Endowment Investing - [Invest Like the Best, EP.297]")
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