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Invest Like the Best with Patrick O'Shaughnessy

Sam Hinkie, Boyd Varty, Charlie Songhurst - Trail Magic - [Invest Like the Best, EP.323]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.72.5K Ratings

🗓️ 4 April 2023

⏱️ 99 minutes

🧾️ Download transcript

Summary

Today’s episode is a little different. Rather than share a new conversation, I have put together a few of my favourites from the past six and a half years of doing this show. I often listen back to these for inspiration, energy, and their timeless ideas on life and investing. Each of these is a significantly shortened version of the original episode. The first conversation you’ll hear is with Sam Hinkie, the second discussion is with Boyd Varty, and the last conversation you’ll hear is with Charlie Songhurst. Sam, Boyd, and Charlie are all exceptional in their own way and I hope you enjoy these condensed versions of our conversations. Sam Hinkie - Find Your People Boyd Varty - The Art of Tracking Charlie Songhurst - Lessons from Investing in 483 Companies 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. I’m a longtime user and advocate of Tegus, a company that I’ve been so consistently impressed with that last fall my firm, Positive Sum, invested $20M to support Tegus’ mission to expand its product ecosystem. Whether it’s quantitative analysis, company disclosures, management presentations, earnings calls - Tegus has tools for every step of your investment research. They even have over 4000 fully driveable financial models. Tegus’ maniacal focus on quality, as well as its depth, breadth and recency of content makes it the one-stop, end-to-end research platform for investors. Move faster, gather deep research to build conviction and surface high-quality, alpha-driving insights to find your differentiated edge with Tegus. As a listener, you can take the Tegus platform for a free test drive by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:04:40) - (Sam Hinkie) (00:05:55) - The most amazing thing he’s seen from someone he has worked with (00:09:51) - His interest in finding “digital breadcrumbs” on his pursuit of knowing a person (00:13:18) - The impactful story of meeting the assistant GM of the Houston Rockets (00:17:22) - Strategies he has developed to avoid transactional people (00:19:22) - How he shapes his career and optimizes from an investment perspective (00:24:06) - The strangest things he has come across in early-stage investing (00:29:47) - (Boyd Varty) (00:33:04) - His early experiences with tracking wildlife and how it applies to investing (00:44:46) - What can be learned about life goals and paths from the experience of tracking (00:47:59) - The influence of culture on decision-making and goal-setting (00:50:39) - His concept of “the ordering of chaos on behalf of others” (00:54:41) - The importance of moving towards the unknown to start approaching goals (00:57:15) - His most memorable tracking experience (01:12:40) - (Charlie Songhurst) (01:15:10) - His diverse career highlights (01:16:29) - His analysis of why startups succeed or fail (01:21:21) - What founders can learn to enable and maintain productivity in their company (01:25:21) - Nature versus nurture as it applies to adept founders, and the controversial “alien founder” concept (01:30:10) - The importance of good recruiting from an early stage (01:33:32) - How founders can make their companies attractive to prospective talent (01:35:53) - Why he is interested in investing in highly boring and highly complex ideas

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.

0:05.0

I'm a long time user and advocate of TIGAS, a company that I've been so consistently impressed with that last fall my firm positive sum,

0:12.0

invested $20 million to support TIGAS's mission to expand its product ecosystem to unify and streamline investor research processes.

0:19.0

In addition to the library of 55,000 transcripts, TIGAS now combines at-cost on-demand calls with a full suite of financial workflows.

0:28.0

Whether it's quantitative analysis, company disclosures, management presentations, earnings calls,

0:33.0

TIGAS has tools for every step of your investment research. They even have over 4,000 fully-driveable financial models.

0:40.0

TIGAS's maniacal focus on quality, as well as its depth, breadth, and recency of content, makes it the one-stop end-to-end research platform for investors.

0:49.0

Move faster, gather deep research to build conviction and surface high-quality alpha-driving insights to find your differentiated edge with TIGAS.

0:56.0

As a listener, you can take the TIGAS platform for a free test drive by visiting tegas.co-slashpatrick.

1:03.0

For more information, visit TIGAS.co-slashpatrick.com

1:03.0

Hello and welcome everyone. I'm Patrick O'Shanasi and this is Invest Like The Best. This show is an open-ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money.

1:26.0

Invest Like The Best is part of the Colossus family of podcasts and you can access all our podcasts including edit the transcripts, show notes, and other resources to keep learning at Join Colossus.com.

1:41.0

Patrick O'Shanasi is the CEO and founding partner of Positive Sum and the CEO of O'Shanasi Asset Management.

2:09.0

All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Positive Sum or O'Shanasi Asset Management.

2:16.0

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

2:25.0

Clients of Positive Sum or O'Shanasi Asset Management may maintain positions and the securities discussed in this podcast.

2:32.0

Hello everyone. Today's episode is a little different. Rather than share a new conversation I have put together a few of my favorites from the past six and a half years of doing this show.

2:41.0

I often listen back to these for inspiration, energy, and their timeless ideas on life and investing.

2:49.0

Internally we call these forever episodes because they'll likely still be as relevant and popular a decade from now as they were when they first aired.

2:55.0

Each of these is a significantly shortened version of the original episode.

3:02.0

The first conversational here is with Sam Hinky.

3:06.0

Sam worked for more than a decade in the NBA helping pioneer the use of data and analytics, originally with the Houston Rockets and finishing off as the GM of the Philadelphia 76ers.

...

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