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Invest Like the Best with Patrick O'Shaughnessy

Howard Lindzon – Fintech and Trend Following - [Invest Like the Best, EP.109]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.72.5K Ratings

🗓️ 23 October 2018

⏱️ 48 minutes

🧾️ Download transcript

Summary

My guest this week aspires to be the Larry David of investing, and we discuss why. Howard Lindzon is hard to categorize. He’s primarily an early stage investor right now, but he’s participated in all types of investing. He describes himself as a trend follower and always has a unique take on popular topics.  In this conversation, we cover his investing history and his take on the fintech investing landscape. What I’ll remember most is the idea that we should focus on what is happening versus what we think will happen or might happen. There is a Peter Lynch like quality to some of Howard’s thinking, and a willingness to embrace the weird that I find very appealing. The few times I’ve met Howard, I’ve smiled or laughed most of the time, which is about as nice a thing as I could say about someone. He’s a good example of why I like this podcast format. His investing style bears literally no resemblance to my own, but it got me thinking about a lot of new things. I hope you enjoy our chat. 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) – Why he wants to be the Larry David of investing 2:00 – Why his investing style is best described as trend following 4:05 – The biggest inspirations/influencers on Howard’s investing 6:39 – What made his second mentor, Fred Wilson such a great investor 9:52 – Formation of Wall Strip 12:33 – Why weird is so important in his investment philosophy 14:56 – Understanding his investment philosophy through his investment in Rally Road. 21:02 – His assessment of the fintech space 28:54 – Why fintech pushes away from human nature 30:50 – Major trends in fintech that have his attention 35:02 – What stands out about the teams at these companies he invests in 36:37 – Thoughts on fractionalization plays             36:44 – Capital Allocators podcast episode             36:54 – Venture Stories Podcast 40:03 – Any major trends that are changing and worth attention             42:06 – The Tipping Point: How Little Things Can Make a Big Difference 43:26 – His take on the media landscape 45:10 – 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

Transcript

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0:00.0

Hello and welcome everyone, I'm Patrick O'Shaughnessy and this is Invest Like The Best.

0:08.6

This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies

0:13.9

that will help you better invest both your time and your money.

0:17.2

You can learn more and stay up to date at InvestorFieldGuide.com.

0:24.6

Patrick O'Shaughnessy is the CEO of O'Shaughnessy Asset Management.

0:28.5

All opinions expressed by Patrick and podcast guests are solely their own opinions and do

0:32.9

not reflect the opinion of O'Shaughnessy Asset Management.

0:36.3

This podcast is for informational purposes only and should not be relied upon as a basis

0:40.6

for investment decisions.

0:42.4

Clients of O'Shaughnessy Asset Management may maintain positions and the securities discussed

0:46.2

in this podcast.

0:49.6

My guest this week aspires to be the Larry David of investing and we discuss why.

0:53.4

Howard Lindsayn is hard to categorize.

0:55.2

He's primarily an early-stage investor right now but he's participated in all types

0:59.1

of investing.

1:00.1

He describes himself as a trend follower and always has a unique take on popular topics.

1:04.8

In this conversation we cover his investing history and his take on the FinTech investing

1:08.9

landscape today.

1:10.4

What I'll remember most is the idea that we should focus on what is happening versus what

1:13.9

we think will happen or might happen.

1:16.0

There is a Peter Lynch-like quality to some of Howard's thinking and a willingness to embrace

1:19.8

the weird that I find very appealing.

...

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