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Invest Like the Best with Patrick O'Shaughnessy

Kevin Kelly - Be Generous and Unique - [Invest Like the Best, EP.334]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Business, Investing, Technology

4.72.5K Ratings

🗓️ 27 June 2023

⏱️ 67 minutes

🧾️ Download transcript

Summary

My guest today is Kevin Kelly. Kevin co-founded Wired magazine and has published a number of seminal books and essays on technology over the past three decades. I have devoured everything Kevin has put out into the world and many of his ideas shape the way I live today. Our conversation explores media, family, money, his concept of the Technium, AI, and more but the central theme of this episode is that we should be as generous and unique as possible. You will hear us refer to his latest book, Excellent Advice for Living, throughout and I highly recommend reading it if you haven’t already. Please enjoy this great conversation with Kevin Kelly. Founders Podcast Founders Episode 136 - Estee Lauder Founders Episode 288 - Ralph Lauren For the full show notes, transcript, and links to mentioned content, check out the episode page here.  ----- This episode is brought to you by Tegus. Tegus is the modern research platform for leading investors, and provider of Canalyst. Tired of calculating fully-diluted shares outstanding? Access every publicly-reported datapoint and industry-specific KPI through their database of over 4,000 driveable global models handbuilt by a team of sector-focused analysts, 35+ industry comp sheets, and Excel add-ins that let you use their industry-leading data in your own spreadsheets. Tegus’ models automatically update each quarter, including hard to calculate KPIs like stock-based compensation and organic growth rates, empowering investors to bypass the friction of sourcing, building and updating models. Make efficiency your competitive advantage and take back your time today. As a listener, you can trial Canalyst by Tegus for free by visitingtegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:05) - (First question) - Excellent Advice for Living - a journey towards authenticity (00:05:05) - Uncovering the essence of oneself is a lifelong journey of self-reflection (00:06:47) - What he would have done differently at 30 had he internalized this concept earlier (00:08:51) - The highest form of self-expression is being authentically unique and redefining success (00:11:05) - Conforming to others' definition of success and societal biases hinders progress (00:13:07) - Surrender and collaboration are both essential in becoming your authentic self (00:14:38) - Prototype your life to embrace imperfections and make ideas tangible (00:17:34) - Mastering cultural photography in Asia and developing a keen ability to spot trends (00:19:59) - Energy signatures reveal depth, breadth, discovery, and momentum  in events (00:22:02) - The reward for good work is more work (00:23:42) - Money is a tool for doing things, but beware its imprisoning burden (00:28:35) - Imagination can be cultivated and improved, often by challenging expectations (00:31:38) - Imaginative individuals include lateral thinkers who challenge norms (00:34:41) - Rites of passage and rituals provide stability and identity for children (00:38:15) - Mealtime without screens, family traditions, and cultivating a family identity (00:41:44) - An overview of “The three gates” (00:43:02) - Humans are naturally kind (00:47:23) - The Technium: an evolving ecosystem of interdependent tech and their tendencies (00:52:01) - Thoughts on AI (00:55:55) - Overestimating the existential threat of AI (00:57:38) - Idiosyncratic expression of creators (00:59:48) - Lessons learned about media (01:01:34) - Be the only, not the best. (01:05:09) - The kindest thing anyone has ever done for him

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by TIGAS, the modern research platform for leading investors and the provider of

0:05.1

Canalist. Tired of calculating fully deluded shares outstanding, access every publicly reported data point and

0:11.5

industry-specific KPI through their database of over 4,000 drivable global models,

0:17.2

hand-built by a team of sector-focused analysts, 35-plus industry comp sheets, and excel add-ins that

0:23.5

let you use their industry-leading data in your own spreadsheets. TIGAS is models automatically update

0:28.2

each quarter, including hard to calculate KPI's like stock-based comp and organic growth rates,

0:33.2

empowering investors to bypass the friction of sourcing, building and updating models.

0:37.2

Make efficiency your competitive advantage and take back your time today. As a listener,

0:41.8

you can trial Canalist by TIGAS for free by visiting tegas.co-slashpatrick.

0:47.0

For our transition to the episode, I want to highlight the Founders podcast, which is part of our

0:51.2

Colossus Network. David Sanra, who hosts Founders, has devoted his life to learning from

0:55.8

history's greatest entrepreneurs, and every week he distills the lessons of a different founder.

1:00.6

If you want an entry point, I highly recommend starting with episode 136 on Estee Lauder,

1:05.6

or episode 288 on Ralph Lauren. I host David on Invest Like The Best Last Summer, and it's hard

1:11.3

not to walk away and insanely energized after listening to any episode with him.

1:15.5

You can find a link to Founders and those episodes in the show notes of this conversation.

1:19.4

You can also search all past transcripts on our website, join Colossus.com.

1:26.0

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

1:31.3

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

1:36.1

help you better invest both your time and your money. Invest Like The Best is part of the Colossus

1:41.0

family of podcasts, and you can access all our podcasts, including edited transcripts,

1:45.9

show notes, and other resources to keep learning at join Colossus.com.

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