Special: Invest Like the Best on Acquired
Acquired
Ben Gilbert and David Rosenthal
4.7 • 5.2K Ratings
🗓️ 7 October 2020
⏱️ 108 minutes
🧾️ Download transcript
Summary
On this special episode of Acquired, we're joined by a master interviewer himself, Patrick O'Shaughnessy from Invest Like the Best. We turn the tables and cover the most fascinating story he's never told on ILTB... his own! What is O’Shaughnessy Asset Management, and how are they bringing "AWS-level" innovation to the sleepy wealth management industry? How did he go from Notre Dame philosophy major to quant researcher to (arguably) technology CEO and now also an early-stage venture investor... all while simultaneously building one of the world's top new business media empires? Acquired is here to explore it all.
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Playbook Special! Patrick’s Favorite Themes from 5 Years of ILTB:
- Chetan Puttagunta (#1): Go slow to go fast — http://investorfieldguide.com/chetan/
- Chetan Puttagunta (#2): Open source isn’t about saving on R&D, it’s about building differentiated distribution among developers — http://investorfieldguide.com/chetan-puttagunta-and-jeremiah-lowin-open-source-crash-course-invest-like-the-best-ep-188/
- Bill Gurley: Healthy marketplace opportunities have increasing marginal value to demand from incremental supply penetration — http://investorfieldguide.com/gurley/
- Matthew Ball: The key to unlocking the Metaverse isn’t about building Ready Player One, it’s about creating interoperable systems that will move value and information between experiences — http://investorfieldguide.com/matt-ball-the-future-of-media-movies-the-metaverse-and-more-invest-like-the-best-ep-185/
- Charlie Songhurst: The best place to look for talent is in less-competitive markets — http://investorfieldguide.com/songhurst/
- Katrina Lake: The past of e-commerce was about price, convenience and selection; the future is about personalization and curation — http://investorfieldguide.com/katrina-lake-the-next-wave-of-e-commerce-invest-like-the-best-ep-187/
- Daniel Ek: Company scaling as “seeing around corners” — http://investorfieldguide.com/ek/
- Kat Cole: Inversion as a tool to deal with difficult people — http://investorfieldguide.com/kat-cole-how-to-operate-lessons-in-brand-distribution-and-leadership-invest-like-the-best-ep-184/
- Sarah Tavel: Hierarchy as a framework — http://investorfieldguide.com/tavel/
- Josh Wolfe: The “directional arrow of progress” and the simple power of extrapolating trend lines — http://investorfieldguide.com/wolfe2/
Links:
- Invest Like the Best: http://investorfieldguide.com/podcast/
- Founder's Field Guide: http://investorfieldguide.com/founders-field-guide/
- OSAM and Canvas: https://www.osam.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Sweet nice. That was great. You guys do awesome |
| 0:03.4 | awesome preparatory work. That was by and the stories and playbooks behind them. I'm then Gilbert and I'm the co-founder of Pioneer Square Labs a startup studio and venture firm in Seattle |
| 0:31.0 | And I'm David Rosenthal and I am a angel investor and independent advisor to |
| 0:35.8 | startups based in San Francisco and we are your hosts. Now you'll notice |
| 0:41.0 | this is a very abnormal episode for us. I didn't say a number. We didn't talk about a company in the intro. David, what is this episode that we were doing today? |
| 0:50.0 | We have a very, very special guest episode. We've been looking forward to I think all of us to do it for a long time. |
| 0:56.1 | We have Patrick O'Shaughnessy, CEO of O'Shaughnessy Asset Management, |
| 1:01.0 | and also host of the Invest Like the Best Podcast, one of our very |
| 1:05.9 | favorite shows here it acquired and so excited to have him on. So Patrick is a |
| 1:10.7 | master interviewer as we all know. |
| 1:13.4 | He gets these amazing guests, talks all about their businesses |
| 1:16.4 | and their stories. |
| 1:17.8 | Other than I think like the old episode you did with your dad, |
| 1:21.8 | your audience doesn't get to hear about you. We want to hear about your dad. audience doesn't get to hear about you. |
| 1:24.0 | We want to hear about your business. |
| 1:25.3 | What is this O'Shaughnessy Asset Management thing? |
| 1:27.4 | How did you come into this? |
| 1:29.0 | You were a philosophy major. |
| 1:30.4 | Now you're running a quant fund. |
| 1:32.3 | You have a venture fund fund you've built this amazing |
| 1:34.7 | podcast empire we're gonna dive all into it. Welcome Patrick. Thank you guys so |
| 1:40.1 | much for having me. I'm always hesitant to do any of these because I'm scared of |
... |
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