Invest Like the Best with Patrick O'Shaughnessy

Ric Elias, CEO and co-founder of Red Ventures, shares his journey from early struggles to building a global powerhouse. He discusses the art of living well versus simply living good, emphasizing the importance of resilience and forgiveness. Elias reflects on his life-changing experience during the 'Miracle on the Hudson,' using it as a backdrop to explore genuine leadership and the value of community contributions. He advocates for redefining success beyond financial metrics, focusing instead on deeper connections and personal growth.

In this engaging conversation, Alex Smith, a former NFL quarterback known for his resilience, Shane Battier, a champion NBA player celebrated for his team-first mentality, and Ravi Gupta, a leader in tech and investment, discuss the essence of 'glue guys.' They share personal stories about teamwork, overcoming adversity, and the significance of mentorship in fostering success. The trio emphasizes how shared experiences and authentic connections are crucial in both sports and business, highlighting the fine balance between competition and collaboration.

Bret Taylor, co-founder of Sierra and former CTO of Facebook, shares insights on the evolving world of AI agents. He dives into how these agents will transform human-technology interactions and enhance productivity. Bret discusses the importance of small teams in software development, exploring the 'mythical man-month' concept. He emphasizes customer-centricity and the moral imperative of equitable tech access. Finally, he reflects on balancing work with personal life while navigating the rapidly changing landscape of AI.

Gavin Baker, managing partner and CIO of Atreides Management, shares his expertise on AI and semiconductors. He discusses the fierce competition among major tech giants for AI dominance and the challenges inherent in innovative technologies. Gavin dives into the evolution of data centers and the importance of efficiency in AI development. He also explores the transformative potential of robotics in various industries, particularly through Tesla's advancements. Lastly, he emphasizes the changing landscape of investment strategies influenced by AI.

In this engaging discussion, Charlie Munger, Vice Chairman of Berkshire Hathaway and a legendary investor, shares profound insights on business and investing. He critiques traditional financial metrics and emphasizes ethical decision-making's role in long-term success. Munger also weighs the merits of gold versus cryptocurrency, advocating for gold as a stable asset. The conversation dives into the complexities of investment strategies, stressing the importance of management integrity and the value of collaboration in achieving win-win scenarios.

Vlad Tenev, the co-founder and CEO of Robinhood, shares an insider's look at the company's groundbreaking shift to zero-cost trading and its commitment to consumer-friendly products. He discusses the transformative impact of the GameStop incident and lessons learned from navigating challenges. Tenev also explores the role of AI in finance, revealing how mathematical principles influence innovative solutions. Plus, get insights into upcoming offerings like the Robinhood Gold credit card and a vision for a high-performing culture in a rapidly evolving landscape.

Sarah Guo, founder and CEO of Conviction, discusses her journey from Greylock to launching her own venture firm focused on AI. She shares insights on recruiting in early-stage venture capital and the challenges of innovating in conservative sectors. The conversation dives into navigating investment opportunities, the uncanny valley of AI, and the transformative potential of AI across industries. Guo also reflects on the importance of mentorship and gratitude in her professional growth, offering a blend of inspiration and practical advice for aspiring entrepreneurs.

Hemant Taneja, CEO of General Catalyst, dives into the pressing need for resilience in critical industries like healthcare and energy. He highlights how technology can drive innovation, especially in healthcare, advocating for integrated systems that prioritize patient well-being. The conversation delves into the evolution of venture capital strategies focusing on societal needs, transformative AI solutions in healthcare, and the ethical complexities surrounding defense investments, all underscored by the importance of strategic collaboration and long-term vision.

Jeremy Giffon, a general partner at Tiny and co-founder of MediaCore, dives into the world of private markets. He discusses identifying unique investment opportunities stemming from misaligned incentives. The conversation covers the challenges faced by founders in a saturated market and the need for clear communication. Giffon shares insights on simplicity in investment strategies, the power of passion in professional life, and the significance of personal resilience. He emphasizes the value of uncovering hidden insights and maintaining open dialogue in business partnerships for lasting success.

David Senra, a historian of founders and entrepreneurs, shares profound insights from his extensive research on iconic figures like Estée Lauder and John Rockefeller. He discusses how obsession and childhood experiences fuel entrepreneurial success. The conversation explores the delicate balance of ego in business, emphasizing humility and continuous learning. Senra highlights the personal connection founders have with their creations and how passion, intertwined with pain, impacts their journeys. His reflections inspire a deeper understanding of the entrepreneurial spirit.