Special: Invest Like the Best on Acquired

45 snips

Oct 7, 2020

Join Patrick O'Shaughnessy, CEO of O'Shaughnessy Asset Management and host of the Invest Like the Best podcast, as he shares his fascinating journey from philosophy major to tech CEO. He discusses innovative strategies transforming wealth management and the vital role of community and AI in investment. The conversation dives into the evolution of podcasting and venture capital, highlighting the importance of unique content and mentorship. Patrick also emphasizes how kindness in professional environments can lead to significant growth.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Trial by Fire

Patrick O'Shaughnessy's first job involved client communication during the 2008 financial crisis.
He learned about business by transferring clients and managing assets during a stressful period.

INSIGHT

Asset Management Business Model

Traditional asset management is simple: manage assets, charge a fee.
The business functions include product (investment strategy), distribution, and operations.

ANECDOTE

Canvas Origin

Inspired by Amazon Web Services, O'Shaughnessy Asset Management (OSAM) created Canvas.
Canvas lets advisors design custom investment strategies using OSAM's internal tools.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

What works on Wall Street

The Classic Guide to the Best-Performing Investment Strategies of All Time

James P. O'Shaughnessy

In 'What Works on Wall Street', James P. O'Shaughnessy provides an in-depth analysis of over 90 years of stock market data to identify the most effective investment strategies. The book examines various factors such as price-to-earnings ratios, price-to-sales, price-to-book value, dividend yields, and more. It challenges conventional wisdom and offers multifactor strategies that have historically generated the best returns. The book is designed to help investors of all levels, from conservative to aggressive, in selecting the best strategies for their investment objectives.

Seven powers

Alex Rovira

The Systems Bible

John Gall

John Gall's "The Systems Bible" is a humorous yet insightful look at the complexities and often ironic failures of systems. Gall uses witty anecdotes and real-world examples to illustrate common pitfalls in system design and management. The book is filled with amusing stories of projects gone wrong, highlighting the unexpected consequences of seemingly simple decisions. It's a valuable read for anyone working with complex systems, offering a lighthearted yet effective way to learn from past mistakes. The book's unique approach makes it both entertaining and educational, providing valuable lessons in a memorable way.

Invest Like the Best

How the Best Investors Approach the Market

Patrick O'Shaughnessy

Patrick O'Shaughnessy's "Invest Like the Best" is a compilation of interviews with some of the world's most successful investors. The book explores a wide range of investment philosophies and strategies, offering insights into the decision-making processes of these experts. O'Shaughnessy delves into various topics, including value investing, growth investing, and behavioral finance. The book provides a diverse perspective on the investment world, highlighting the importance of adaptability and continuous learning. It's a valuable resource for investors seeking to expand their knowledge and refine their investment approach.

Dear Chairman

Letters on Corporate Governance

Graham

In "Dear Chairman," Graham provides a comprehensive guide to corporate governance and shareholder activism. He details his strategies for engaging with corporate management and boards of directors to improve company performance and shareholder value. The book offers insights into the dynamics of corporate power and the role of shareholders in influencing corporate decisions. Graham's experiences and perspectives are invaluable for investors seeking to understand and participate in corporate governance. The book serves as a practical guide for investors interested in active engagement with companies.