Invest Like the Best with Patrick O'Shaughnessy

Ben Clymer, founder of HODINKEE and luxury watch expert, dives deep into the enigmatic world of Rolex, illuminating its iconic status and non-profit structure. He shares insights on the brand's history, innovative marketing strategies, and commitment to craftsmanship. The allure of the Rolex Daytona and its evolution from obscurity to a luxury symbol is explored, along with the emotional connections formed through high-end watches. Clymer also discusses the complexities of customer loyalty and the challenges buyers face in accessing these coveted timepieces.

In this engaging discussion, Kieran Goodwin, a credit investing expert with over 20 years at firms like King Street Capital, shares insights on the evolving landscape of private credit. He highlights the misconceptions surrounding low volatility in private credit and the complexities of managing defaults. Kieran emphasizes the blend of emotional and intellectual intelligence necessary for successful investing and discusses the importance of adaptability and imagination in navigating volatile markets and pursuing alpha.

Henry Schuck, the Founder and CEO of ZoomInfo, shares his incredible journey from bootstrapping the company for seven years to its $8.5 billion IPO. He dives into the importance of using data to enhance sales strategies and the traits that make exceptional salespeople, especially in startups. With insights on generative AI and its role in personalizing customer communication, Henry emphasizes effective leadership and clear corporate narratives while reflecting on life's lessons learned from his mother's kindness.

In this discussion, Karen Karniol-Tambour, Co-CIO at Bridgewater Associates, breaks down the complexities of today's macroeconomic landscape. She examines the profound impacts of artificial intelligence on the economy and the challenges it brings. The conversation also delves into U.S. and China's shifting capital market dynamics, the implications of recent banking failures, and the contrasting valuations of gold and Bitcoin in an inflationary environment. Karen's insights provide valuable guidance for navigating these turbulent market conditions.

Fidji Simo, the CEO of Instacart, shares her inspiring journey from a small town in France to leading a top online grocery platform. She discusses the critical role of AI in enhancing consumer experiences and how Instacart is reshaping grocery e-commerce. Fidji emphasizes data-driven decision-making and the importance of understanding consumer needs. She also highlights her management philosophy centered on recognizing individual strengths and continuous learning. The conversation reveals insights into the future of personalized shopping experiences and Instacart's innovative vision.

Join Jeremy Levine, a partner at Bessemer Venture Partners, alongside his colleagues Kent Bennett and Brian Feinstein, as they dive into the art of building a venture capital firm meant to last. They discuss adaptive investment philosophies, emphasizing capital efficiency and superior product advantages. The trio explores the evolving landscape of vertical market software and the role of AI in creating defensibility. Their insights reveal the delicate balance of partnerships and how luck and mentorship play crucial roles in career success.

In this insightful discussion, Alexis Rivas, co-founder and CEO of Cover, unveils a groundbreaking approach to homebuilding. He likens modular homes to 'lego pieces', aimed at addressing the critical housing shortage in the U.S. by introducing factory-based production inspired by the automotive industry. Rivas explores the integration of software for efficiency and customization, delves into the economic landscape of home construction, and shares lessons on the importance of honest feedback in driving innovation. A must-listen for anyone interested in the future of housing!

Dr. Peter Attia, a leading expert in longevity and health span, discusses transformative ideas from his book "Outlive." He explains the shift from traditional medicine to proactive health strategies. The conversation dives into the importance of exercise for longevity and metabolic health, emphasizing personalized fitness. Attia also delves into the complexities of healthcare access and costs, advocating for individual responsibility. Additionally, he highlights the significance of nurturing mental well-being and meaningful relationships in living a longer, fulfilling life.

Scott Davis and Rob Wertheimer, heads of Melius Research and authors of "Lessons from the Titans," share insights on what modern businesses can learn from industrial giants. They discuss essential strategies for long-term value creation, the importance of aligning financial metrics with corporate narratives, and the balance between innovation and immediate needs in R&D. The duo emphasizes the need for accountability and solid company culture while navigating corporate transitions, using real-world examples to illustrate key points on adaptability and performance improvement.

Join Sam Hinkie, a former NBA executive turned venture capitalist, as he discusses the power of data-driven decision-making and finding exceptional talent. Boyd Varty, a wildlife tracker and author, shares insights on tracking life's paths and personal growth, weaving in thrilling stories from nature. Charlie Songhurst, a prolific investor and ex-Microsoft strategist, uncovers lessons from investing in 483 companies, emphasizing the importance of deep connections and thoughtful recruitment in achieving success. This blend of unique perspectives offers timeless wisdom on life and investing.