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Exploring the ideas, methods, and stories of people that will help you better invest your time and money. Learn more and stay-up-to-date at InvestorFieldGuide.com

Invest Like the Best Patrick O'Shaughnessy

    • Investering
    • 4.8, 33 betyg

Exploring the ideas, methods, and stories of people that will help you better invest your time and money. Learn more and stay-up-to-date at InvestorFieldGuide.com

    Shishir Mehrotra – The Art and Science of the Bundle - [Invest Like the Best, EP.175]

    Shishir Mehrotra – The Art and Science of the Bundle - [Invest Like the Best, EP.175]

    My guest today is Shishir Mehrotra and the topic of our conversation is the bundle: offering access to multiple products, services, or providers for a single bundled price. This topic is full of incorrect pre-conceived notions, and as it turns out, the bundle is one of the most powerful ideas in business. Properly harnessed it is good for everyone involved. Shishir explains the ins and outs of bundles in this conversation.
    Shishir ran product at YouTube for years and sits on the Spotify board of directors. He founded and now leads Coda (which is “A Doc” spelled backwards) in 2014, to bundle together productivity apps like docs, spreadsheets, databases, and applications. I love this wonky, detailed conversation which has me thinking differently about many businesses and business strategy. Please enjoy.
     
    This episode is brought to by Koyfin.
     
    For more episodes go to InvestorFieldGuide.com/podcast.
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
    Follow Patrick on Twitter at @patrick_oshag
     
    Show Notes
    (2:08) – (First question) – The arc of his career
    (3:32) – Why he has an interest in bundling
    (7:45) – The concepts of superfan, casualfan, and nonfan businesses
    (11:05) – Using Spotify as an example of bundles
    (13:24) – The first myth of bundling: Bundling is bad for consumers
    (17:53) – The second myth of bundling: 1st vs 3rd party providers and the bundlers
    (23:03) – Low usage but high Marginal Churn Contribution (MCC) business
    (24:26) – How insurance fits into these models  
    (26:37) – Myth 3 of bundling: How this impacts consumers
    (32:12) – How marginal costs play into the thinking of bundling
    (34:54) – Myth 4: Bundling things that have nothing to do with each other
    (39:51) – How bundling companies can apply this into their product development
    (43:21) – Strategic advice to companies building bundles
    (49:01) – How price and pricing power play into advantages for certain bundlers
    (54:16) – How does bundling play into his investing thesis
    (56:47) – Most interesting bundles he’s observed
                (58:44) – Eigenquestions: The Art of Framing Problems
    (59:14) – What the future of this trend is
    (1:02:24) – What is an eigenquestion
    (1:06:29) – Kindest thing anyone has done for him
     
    Learn More
    For more episodes go to InvestorFieldGuide.com/podcast. 
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
    Follow Patrick on Twitter at @patrick_oshag

    • 1 tim. 11 min
    Hamilton Helmer – Power + Business - [Invest Like the Best, EP.174]

    Hamilton Helmer – Power + Business - [Invest Like the Best, EP.174]

    My guest today is Hamilton Helmer, the Co-Founder and Chief Investment Officer of Strategy Capital and the author of one of the best business books in history called 7 Powers, which is the topic of much of our conversation.

    • 58 min
    Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]

    Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]

    My guest today is Tobi Lutke, the co-founder, and CEO of Shopify.  This is both a timely and evergreen conversation.  Timely, as the world as moved aggressively digital in the past two months, and Shopify powers so much of digital commerce.  Evergreen, because while we touch on Covid and the Shopify business, this is much more a conversation on business and personal principles, learning, design, and growth. Tobi is one of the CEO’s I look up to most for the type of company he is building and for the way he conducts himself.  We discuss business focus, why video games help you learn the power of attention, what design means for products and organizations, and much more. Please enjoy my conversation with Tobi Lutke.
     
    This episode is brought to you by the MIT investment management company (MITIMCO)
    Reach out or learn more: 
    Email: partner@mitimco.org Website: https://mitimco.org/partner/ MITIMCo 10 year Letter: https://mitimco.org/wp-content/uploads/2017/03/MITIMCo-Alumni-Letter.pdf MITIMCo brochure: https://mitimco.org/wp-content/uploads/2019/01/MITIMCo-Brochure_web_2018-12-05.pdf For more episodes go to InvestorFieldGuide.com/podcast.
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
    Follow Patrick on Twitter at @patrick_oshag
     
    Show Notes
    (2:35) – (First question) – The launch of the new Shopify shop app
                (2:44) – Deniel Ek Podcast Episode
                (2:45) – Jeff Lawson Podcast Episode
    (4:56) – Having the right focus and growing a good business
    (9:06) – Marketplace business model vs the merchant driven business model
                9:16 – Bill Gurley Podcast Appearances - 162 | 144 | 137
    (11:47) – His role as a decisionmaker as CEO of the company
    (14:07) – What does he mean when he talks about quality
    (18:28) – His thinking on design and quality
                (18:32) – Zen And The Art Of Motorcycle Maintenance
                (19:59) – The Design of Everyday Things
    (21:06) – Friction as a force in business and manufacturing
    (26:04) – His thoughts on systems and being free of process           
    (26:08) – The Systems Bible
     (30:01) – The game of Factoria and how it relates to systems
                (32:16) – Transfer Learning
    (34:33) – What Real-Time Strategy games have taught Tobi
    (38:30) – Building context inside of a company and making it scale
    (41:17) – Personality typing
    (46:22) – The Tobi Blueprint
    (46:04) – Why he likes The Guide to the Good Life and stoicism
    (55:38) – Raising kids and the impact of Covid
    (1:03:16) – The kindest thing anyone has done for Tobi
     
    Learn More
    For more episodes go to InvestorFieldGuide.com/podcast. 
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
    Follow Patrick on Twitter at @patrick_oshag

    • 1 tim. 5 min
    Ali Hamed – An Update on Private Credit - [Invest Like the Best, EP.172]

    Ali Hamed – An Update on Private Credit - [Invest Like the Best, EP.172]

    My guest today is popular past guest Ali Hamed, who joins us for an update on private credit. We discuss what has happened so far, what parts of the market are frozen, and where opportunities may lie. We also talk about how the world has shifted digitally since the beginning of the COVID pandemic. Please enjoy my conversation with my friend Ali Hamed.
    This episode is brought to by Koyfin.
    For more episodes go to InvestorFieldGuide.com/podcast.
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
    Follow Patrick on Twitter at @patrick_oshag
     
    Show Notes
    (1:41) – (First question) – World of private credit in the pandemic age
    (4:50) – Bag of uncertainty
    (6:27) – Important levers in private credit
    (9:15) – Scary scenarios and systemic risks in this world
    (13:21) – General trends in the credit data
    (15:30) – Are investors factoring government response properly
    (17:02) – Defining advanced rates
    (20:18) – Focus on quality vs rate of return now
    (22:26) – Pockets of opportunity as uncertainty declines
    (26:06) – Online ecommerce platforms, like the YouTube economy
    (29:40) – Non advertising driven ecommerce platforms
    (31:54) – How venture capital is responding
    (38:19) – How junior debt could be am opportunity
    (40:17) – Trends he’s thinking about; redefining small businesses
    (43:07) – Ali Hamed Podcast Episode
     
    Learn More
    For more episodes go to InvestorFieldGuide.com/podcast. 
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
    Follow Patrick on Twitter at @patrick_oshag

    • 44 min
    Chris Bloomstran - An Update on Public Markets - [Invest Like the Best, EP.171]

    Chris Bloomstran - An Update on Public Markets - [Invest Like the Best, EP.171]

    My guest today for a flash update is Chris Bloomstran, the founder and CIO of Semper Augustus and a popular past guest on the show. We talk about his view on the state of the public equity market, why it will be hard for the market to deliver great returns for the next decade relative to the last, and where opportunities may lie. Please enjoy.
    This episode is brought to by Koyfin.
    For more episodes go to InvestorFieldGuide.com/podcast.
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
    Follow Patrick on Twitter at @patrick_oshag
     
    Show Notes
    (1:42) – (First question) – Adjustments to his portfolio in the age of a pandemic
                (6:41) – Chris Bloomstran Podcast Episode
                (9:36) – The Federal Reserve Act
    (12:32) – Surprising action in the markets during the crisis
                (13:08) – 2020 Investment Letter
    (15:02) – Why we won’t see the same performance in tech over the future as we’ve seen the last decade
    (21:00) – The carnage in energy sector and return potential
    (30:06) – Berkshires activity since the crisis started
    (35:48) – Where sectors are valued in the current market
    (41:12) – Expectation for deflation over inflation 
    (48:54) – Characteristics to look for in businesses to own over the next 10 years
    (52:05) – Economic factors they are focusing on
     
    Learn More
    For more episodes go to InvestorFieldGuide.com/podcast. 
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
    Follow Patrick on Twitter at @patrick_oshag

    • 57 min
    Josh Kopelman - The Past, Present, And Future Of Seed Investing - [Invest Like the Best, EP.170]

    Josh Kopelman - The Past, Present, And Future Of Seed Investing - [Invest Like the Best, EP.170]

    My guest today is Josh Kopelman, the founder of famed venture capital firm First Round Capital. Prior to starting First Round, which has invested at the earliest stages in companies like Square, Uber, and Roblox, Josh was a three-time entrepreneur, so our conversation spans early-stage investing, business building, and entrepreneurship. I’ll not sure forget his analogy distinguishing between navigators and cartographers, nor the rest of the interesting ideas he shared after seeing and investing in so many great businesses. We also discuss how First Round has bucked the trend to build what I’d call a platform adjacent to the core investing business which does a lot for their entrepreneurs and is a model for other professional investing firms, both in venture and elsewhere. Please enjoy my conversation with Josh Kopelman. 
    This episode is brought to by Koyfin.
    For more episodes go to InvestorFieldGuide.com/podcast.
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
    Follow Patrick on Twitter at @patrick_oshag
     
    Show Notes
    (2:05) – (First question) – How pandemic has impacted their investing strategies
    (3:54) – How this stressful environment impacts founders
    (6:23) – His early career as a founder and how startup culture has changed
    (10:15) – Most important lessons from his entrepreneurial career and building from just an idea
    (11:50) – How to analyze a founder
    (14:05) – Common disagreements when it comes to deciding on an investment
    (15:33) – How many opportunities they evaluate in a meeting
    (16:16) – The curvy road to their investment in Roadblox
    (17:52) – Whether the concept for a platform is overused
    (19:36) – Founders asking what google search they should build on
    (20:46) – Solving existing or forecasted problems
    (25:39) – How the startup scene is impacted by the huge legacy tech companies
    (30:28) – What makes a great early stage investor
    (32:19) – Do they focus on founders or themes
    (33:19) – Where will valuations and returns come back to after the pandemic
    (36:30) – How are business models evolving in technology entrepreneurship
                (36:31) – Matt Clifford Podcast Episode
    (39:40) – The Dorm Room Fund
    (43:02) – Whether investment funds should have their own platform
    (47:31) – Product mistakes in software building
    (51:52) – What he’s most excited about for the future
    (54:05) – The kindest thing anyone has done for him 
    Learn More
    For more episodes go to InvestorFieldGuide.com/podcast. 
    Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
    Follow Patrick on Twitter at @patrick_oshag

    • 55 min

Kundrecensioner

4.8 av 5
33 betyg

33 betyg

Johan Lindén ,

Hash rate episodes recommended.

New listener. Would highly recommend the episodes on blockchains. But it seems to have qualities in other episodes as well. We'll see.

Skane SE ,

10/10

If you listened to the episodes Tim Ferriss did w/ Naval Ravikant, Marc Andreessen & Peter Thiel - you’ll like this too. Start with HashPower Part 1-3. 10/10

Cavil75 ,

Easy going and educational

Looking forward to new episodes, enjoyable

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