Invest Like the Best with Patrick O'Shaughnessy

Michael Ovitz - Knowledge Is Power - [Invest Like the Best, EP.359]

512 snips
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.
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ADVICE

Setting High Standards

  • Set high standards and challenge those around you.
  • Approach work with unmatched dedication and an expectation of excellence.
ANECDOTE

Securing "Jurassic Park"

  • Michael Ovitz secured Steven Spielberg for "Jurassic Park" based on the book alone.
  • He then made a take-it-or-leave-it deal with Universal, including "Schindler's List."
INSIGHT

Scale, Information, and Power

  • Scale is crucial because it provides access to more information.
  • Information is knowledge, and knowledge is power, enabling faster and more informed decisions.
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