Jacqueline Novogratz – Investing in Dignity and Character - [Invest Like the Best, EP.195]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Investing, Business, Technology

4.8 • 2.4K Ratings

🗓️ 13 October 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jacqueline Novogratz. Jacqueline is the founder and CEO of Acumen, a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of poverty. Our conversation touches on how Jacqueline left Wall Street and ended up starting a micro finance bank in Rwanda, how she thinks about investing in character, how creating dignity plays such a major role in her investments, and how governments and businesses can work together to solve the world's toughest problems. It is a bit of a departure from my normal investing conversations but contains powerful lessons for many investors and builders. I really enjoyed our conversation and hope you will to.

This episode of Invest Like The Best is sponsored by Canalyst. Canalyst is the leading destination for public company data and analysis.

If you’re a professional equity investor and haven’t talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.

For more episodes go to InvestorFieldGuide.com/podcast.

Follow Patrick on Twitter at @patrick_oshag

Show Notes

(2:29) – (First question) – Where the concept of the blue sweater came from for her book.

(2:44) - The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World

(4:29) – Every child has a humiliated experience and the impact on their life

(6:55) – The origin of Acumen

(10:42) – Why character is such an important investing filter for her

(11:59) – How the markets have changed through the lens of Acumen

(16:59) – The challenges of getting started

(17:04) – Manifesto for a Moral Revolution: Practices to Build a Better World

(19:46) – Embracing the idea of being uncomfortable and an example for her

(21:50) – The space between government action and market action

(26:11) – The concept of conformity traps

(29:29) – The lens of moral imagination

(30:32) – The importance of brining dignity to others

(35:09) – Entrepreneurial skills she sees outside of the US that we lack here

(39:38) – Biggest problems across the globe she is interested in tackling

(42:48) – Impediments to investing in global problems

(49:11) – Kindest thing anyone has done for her

Learn More

For more episodes go to InvestorFieldGuide.com/podcast.

Follow Patrick on Twitter at @patrick_oshag

Transcript

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0:00.0	This episode of Invest Like The Best is sponsored by Cannellist. Cannellist is the leading destination
0:04.8	for public company data and analysis. I had heard of Cannellist over the past few years and
0:09.2	became more interested after meeting the founder and CEO last year to pick his brain about SaaS
0:13.9	businesses. Founded by a former Bicide analyst who encountered friction in sourcing, building,
0:18.5	and updating models, Cannellist is now used by over 300 institutions, including the largest
0:23.7	money managers in North America and by a number of the guests on this show. With detailed
0:28.5	company specific models, on virtually every investable public equity, Cannellist clients are
0:33.1	able to react more quickly. If you've been scrambling to keep up with the deluge of IPOs these days,
0:38.3	Cannellist has models on Snowflake, Unity, GoodRx, and everything in between. Their pre-IPO models are
0:44.1	built as soon as the S1 hits and include all segments, KPIs, and non-GAP figures. If you're a
0:50.0	professional equity investor and haven't talked to Cannellist recently, you should give them a
0:54.0	shout. Learn more and try Cannellist for yourself at cannellist.com-flash-patrick. That's
0:59.8	C-A-N-A-L-Y-S-T.com-slash-patrick.
1:07.5	Hello and welcome everyone. I'm Patrick O'Shanasi and this is Invest Like The Best.
1:11.8	This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies that
1:17.5	will help you better invest both your time and your money. You can learn more and stay up to date
1:22.2	at investorfieldguide.com.
1:27.7	Patrick O'Shanasi is the CEO of O'Shanasi Asset Management. All opinions expressed by Patrick and
1:33.6	podcast guests are solely their own opinions and do not reflect the opinion of O'Shanasi Asset Management.
1:39.5	This podcast is for informational purposes only and should not be relied upon as a basis for
1:44.1	investment decisions. Clients of O'Shanasi Asset Management may maintain positions and the
1:48.6	securities discussed in this podcast. My guest today is Jacqueline Novigratz. Jacqueline is the
	...

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