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

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

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

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

Patrick O'Shaughnessy is a principal and portfolio manager at O'Shaughnessy Asset Management.

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

not reflect the opinion of O'Shaughnessy Asset Management.

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

for investment decisions.

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

in this podcast.

My guest today is Ted Sides.

Ted was the founder, president, and co-chief investment officer at Protégé Partners

on multi-billion dollar alternative investment firm.

He is also the author of the very interesting book so you want to start a hedge fund.

This was the most helpful and insightful conversation I've ever had on this topic.

It will be useful for managers, allocators, and any investor interested in the world

of hedge funds in general.

For show notes on this episode, visit InvestorFieldGuide.com forward slash societies, S-E-I-D-E-S.

And now, please enjoy my conversation with Ted Sides.

Alright, well, thanks very much, Ted, for doing this with me.

I'd like to start, as I sometimes do, with something completely a field, far field from

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