Invest Like the Best with Patrick O'Shaughnessy

Eric Glyman, co-founder and CEO of Ramp, discusses the rapid growth of his innovative company that offers corporate cards and financial software aimed at saving time and money for finance teams. He shares insights on the unique marketing strategies Ramp employed, the shift in the financial landscape since 2019, and the rationale behind holding stablecoins. Giuseppe Coco, an analyst at LK Advisors, complements the conversation by discussing how he utilizes Canalyst to enhance his investment analysis and streamline financial modeling.

Dmitry Balyasny, Managing Partner and CIO of Balyasny Asset Management, discusses his journey from a struggling broker to a hedge fund leader. He shares insights on building a multi-strategy firm that thrives in various market conditions. The conversation touches on risk management, team dynamics, and the significance of recruiting top talent. Dmitry emphasizes the need for streamlined structures in hedge fund operations and explores innovative financial modeling tools that enhance investment strategies. It's a fascinating dive into the world of asset management!

Henry Ward, co-founder and CEO of Carta, discusses innovative approaches to private market infrastructure and equity management. He highlights the launch of CartaX, enhancing liquidity for private companies. The conversation navigates the challenges of private markets, the evolution of compensation structures, and the need for innovative debt solutions. Ward emphasizes the importance of organizational culture, collaborative decision-making, and adapting to the complexities of cap tables while maintaining a strong focus on building enduring businesses.

In this conversation with Alexandr Wang, CEO of Scale AI, and Brandon Weir, a hedge fund manager, they delve into the foundational elements of artificial intelligence. Wang explains how data is the lifeblood of AI and discusses its critical role in various industries, including global security. They compare AI investments to traditional software and explore the transformative potential of AI in business. With insights on navigating the complexities of data collection and the ethical implications of AI, this discussion offers a thought-provoking look into the future of technology and finance.

Antonio Gracias, founder and CEO of Valor Equity Partners, shares insights from his early investments in Tesla and SpaceX. He introduces his unique concept of pro-entropic investing, focusing on companies that thrive in chaotic environments. The discussion also explores the Theory of Constraints in business, emotional biases in investment decisions, and the importance of integrity in operations. Lastly, Gracias reflects on valuable life lessons from his mother that shape his values in both life and business.

David Rubenstein, co-founder of The Carlyle Group and a notable philanthropist, engages in a captivating discussion about his multifaceted career. He reflects on the impact of historical artifacts on our understanding of American history and shares insights on Ukraine's geopolitical implications. Rubenstein also delves into leadership dynamics essential for investment success, emphasizing the traits that foster collaboration. He intertwines personal anecdotes with thoughts on philanthropy and the evolving landscape of income inequality, showcasing his passion for history and meaningful change.

Gaurav Kapadia, founder of investment firm XN and veteran in the investing world, shares his journey from TPG Axon and Soroban Capital to launching XN. He emphasizes the role of kindness and rigor in creating a unique company culture. The conversation dives into the importance of building authentic relationships in investing, with insights on recognizing obvious investment opportunities and the evolving landscape favoring startups and tech firms. Gaurav also touches on the traits of exceptional businesses and the necessity of long-term thinking for investment success.

Marko Papic, a leading macroeconomics and markets strategist at Clocktower Group, dives into the complex interplay of finance and geopolitics. He discusses the Ukraine-Russia conflict and its broader implications, including the evolving landscape of modern warfare. Marko also explores inflation management amid the rise of a multipolar world, the Federal Reserve's impact on capital markets, and the challenges of the green energy transition. His insights shed light on how global powers navigate this intricate geopolitical maze.

Garry Tan, founder and managing partner of Initialized Capital and former partner at Y Combinator, discusses the gaps in the investment world and the importance of nurturing local talent. He shares insights on systematizing venture investments and the transformative role of technology. The conversation touches on the challenges of travel planning startups, the significance of childhood adversity in personal development, and innovative strategies for supporting small manufacturers. Tan also reflects on mentorship's pivotal role in shaping his career.

Eric Mandelblatt, founder and CIO of Soroban Capital, shares his insights into the industrial economy, focusing on underappreciated sectors and the future of commodities like copper and nickel amid decarbonization. He explores the challenges and opportunities in energy markets and discusses the complexities of commodity investments influenced by geopolitical factors. Furthermore, he highlights the profitability potential of railroads and the importance of strategic mentorship in finance. This engaging conversation offers a fresh perspective on traditional investment approaches.