Roles Game: What Matters Most

Patrick O'Shaughnessy is the Chairman Emeritus of O'Shaughnessy Asset Management, the founder of Colossus, and the founder and CEO of Positive Sum. He is an investor, author, and podcaster who has devoted his career to understanding the world's best investors and entrepreneurs.

Under his leadership, Colossus has become one of the largest investing-focused podcast networks in the world, producing shows including the flagship Invest Like the Best, which he hosts. At Positive Sum, he invests in early-stage companies creating and reinventing categories, with portfolio companies including Tegus, ID.me, Etched, and Vanta.

After starting as an intern at his father's quantitative asset management firm in 2008, O'Shaughnessy became CEO in 2018. He became known for his deep research into factor-based investing, his quantitative approach to stock selection, and his ability to communicate complex investment ideas to a broad audience.

His accomplishments include growing OSAM into a leading custom indexing platform before its acquisition by Franklin Templeton in 2021, launching Invest Like the Best in 2016 which was named among The Wall Street Journal's "5 Investment Podcasts You Should Listen To," founding Colossus in 2020 to build a media platform around his vision of learning in public, and authoring “Millennial Money: How Young Investors Can Build a Fortune in 2014.”

Episode show notes: https://www.davidsenra.com/episode/patrick-oshaughnessy

Survey: https://forms.scicommedia.com/t/mw83tpmsRzus

Made possible by

Ramp: ⁠https://ramp.com⁠

HubSpot: ⁠https://hubspot.com⁠

Eight Sleep: https://eightsleep.com/senra

Chapters

(00:00:00) The Joy of Championing Undiscovered Talent

(00:02:21) How One Tweet Changed David’s Life

(00:05:07) The Upanishads Passage That Shaped Patrick’s Worldview

(00:08:34) Growth Without Goals Philosophy

(00:10:40) Why Media and Investing Are the Same Thing

(00:28:41) The Search for True Understanding Through Biography

(00:31:04) The Daniel Ek Dinner That Launched This Podcast

(00:34:28) Making Your Own Recipe From the Ingredients of Great Lives

(00:39:11) The Privilege of a Lifetime Is Being Who You Are

(00:48:25) Bruce Springsteen’s Battle With Depression and Self-Worth

(00:53:21) Clean Fuel vs Dirty Fuel: The Source of Your Ambition

(00:57:03) Professional Learners: The Unfair Advantage of Podcasting

(01:00:18) Relationships Run the World

(01:06:30) The Origin Story of Invest Like the Best

(01:08:05) Building Colossus: Why Start a Magazine in 2025

(01:14:01) People Are More Interested in People Than Anything Else

(01:17:32) Finding Jeremy Stern and Hiring Through Output

(01:23:40) Learn, Build, Share, Repeat

(01:30:07) The Daisy Chain: How Reading Books Led to Everything

(01:30:32) Red on the Color Wheel: Sam Hinkie’s Observation

(01:37:13) Finding Your Superpower and Becoming More Yourself

(01:42:57) Repetition Doesn’t Spoil the Prayer: Teaching as Leadership

(01:46:02) Life’s Work: A Lifelong Quest to Build Something for Others

(01:49:51) The Ten Roles Game and What Matters Most

(01:57:03) Husband, Father, Grandfather: The Roles That Endure

(01:59:48) The Kindest Thing: Tim O’Shaughnessy and Meeting Lauren

(02:05:11) Conclusion

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