Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Knowledge Is Power - [Invest Like the Best, EP.359]
Jan 9, 2024
Michael Ovitz, the legendary co-founder of CAA, shares insights from his iconic journey in Hollywood and his transition to investing. He discusses the importance of creativity and the impact of friendships on innovation. Ovitz emphasizes the necessity of a relentless work ethic and positive industry relationships while highlighting the significance of an offensive mindset in investing. Reflecting on art's role in film, he shares anecdotes about honesty and the challenges of work-life balance, offering heartfelt stories that showcase kindness in tough times.
01:49:25
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Quick takeaways
- Scale and momentum are crucial for success in any business, allowing for the gathering and sharing of valuable information.
- Spotting talent requires a combination of intuition, experience, non-verbal cues, and carefully listening to assess someone's potential.
Deep dives
The Importance of Scale and Momentum
Scale and momentum are crucial for success in any business. Having a large team and the ability to move quickly and efficiently allows for the gathering and sharing of valuable information. Momentum is built through consistent action, follow-up, and positive rapport. Scale provides a wealth of knowledge, which leads to power and informed decision-making. The belief in and commitment to one's ideas, along with a burning desire to succeed, are essential qualities in both founders and investors.
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