Invest Like the Best

Invest Like the Best

investorfieldguide.com
Exploring the ideas, methods, and stories of people that will help you better invest your time and money. Learn more and stay-up-to-date at InvestorFieldGuide.com
Josh Wolfe – The Tech Imperative - [Invest Like the Best, EP.130]
Apr 23 • 63 min
My guest this week is Josh Wolfe, co-founder and managing partner at Lux Capital. I had Josh on the podcast last year which was one of the most popular episodes in the shows history. This is a continuation of our ongoing conversation about investing…
Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129]
Apr 16 • 59 min
My guest this week is Katherine Collins, who is the head of sustainable investing at Putnam Investments, a portfolio manager on two of Putnam’s sustainable investing funds, and the author of the book The Nature of Investing: Resilient…
Geoffrey Batt – The Nature of Transformational Returns - [Invest Like the Best, EP.128]
Apr 9 • 56 min
My guest this week Geoffrey Batt and the topic of our conversation is how to earn transformational returns in very hard markets. In his case, that means Iraqi equities which we cover in detail. He now runs a large pool of capital in Iraqi stocks…
Brian Singerman – Investing in the Best Founders - [Invest Like the Best, EP.127]
Apr 2 • 42 min
My guest this week is Brian Singerman, a partner at the venture capital firm Founders Fund. Founder’s Fund is widely considered one of the top VC firms and its partners are known to have diverse investment strategies. Brian invests across industries…
Michael Mauboussin – The Four Sources of Alpha - [Invest Like the Best, EP.126]
Mar 26 • 66 min
My guest this week for the third time is Michael Mauboussin. If there is a major question about markets and investing, Michael has usually written one of the best pieces of research on that topic. Today’s conversation is a mix of several of his…
Annie Duke – Wanna Bet? - [Invest Like the Best, EP.125]
Mar 19 • 70 min
My guest this week is with Annie Duke, and the topic of our discussion is how to improve decision making. We break decisions down into their component parts: values, beliefs, decisions, randomness, and outcomes. After diving into each, we discuss how…
Michael Mayer – Pseudonymous Social Capital and Bottomless Coffee - [Invest Like the Best, EP.124]
Mar 12 • 67 min
My guest this week is unique and so requires a short story. I met our guest Michael Mayer because of twitter. I followed and enjoyed one of several pseudonymous accounts that he maintains to experiment with ideas. His various accounts have wide…
Peter Zeihan – The Future of Geopolitics - [Invest Like the Best, EP.123]
Mar 5 • 69 min
Peter is a geopolitical strategist who combines expertise in demography, economics, energy, politics, technology, and security to assess an uncertain future. Before founding his own strategy firm, Peter helped develop the analytical models for…
Michael Kitces – The Past, Present & Future of Financial Advice - [Invest Like the Best, EP.122]
Feb 26 • 75 min
My guest this week is Michael Kitces, who is one of our industries go-to experts on all things financial advise and financial planning. We discuss the past, present, and future of financial advise, financial technology, and investing. If you are a…
Alex Danco – Scarcity, Abundance and Bubbles - [Invest Like the Best, EP.121]
Feb 12 • 88 min
My guest this week is Alex Danco. Alex is a member of the Discover Team at Social Capital, has a background in biology, and has written about all things tech and business. While Alex is only 30, it seems like he has spent decades thinking about all…
Keith Wasserman – Real Estate Investing - [Invest Like the Best, EP.120]
Feb 5 • 59 min
My guest this week is Keith Wasserman, co-founder of the real estate investment firm Gelt. This was my first fully dedicated conversation on direct real estate investing, so we cover many different topics, including the pros and cons of different…
Alex Mittal – Early Stage Investing - [Invest Like the Best, EP.119]
Jan 29 • 59 min
My guest this week is Alex Mittal, co-founder of Funders Club. Following past guest Jeremiah Lowin, Alex is my second elementary school friend to appear on the podcast—a trend I hope continues. Funders club is a unique venture firm, because it is…
Eugene Wei – Tech, Media, and Culture - [Invest Like the Best, EP.117]
Jan 22 • 81 min
My guest this week, Eugene Wei, has one of the most interesting backgrounds of anyone I’ve had on the podcast. He worked at Amazon early in its life, was the head of product at Hulu and Flipboard, and head of video and Oculus. Our…
Michael Duda – Investing In Brands - [Invest Like the Best, EP.117]
Jan 15 • 56 min
My guest this week is Michael Duda, and the topic of our conversation is the role that brand plays in business and investing. Michael has worked on and invested in a wide-range of brands including Birchbox, Casper, Harry’s, Citibank, DirecTV,…
Abby Johnson – Future of Finance - [Invest Like the Best, EP.116]
Jan 8 • 63 min
Over the summer. I spent time with Abby Johnson, who is the chairman and CEO of Fidelity Investments and several other business leads at Fidelity to understand how a very large firm like theirs is navigating change in our industry. What follows is a…
Keith Rabois - If You Can’t Sell Them, Compete with Them - [Invest Like the Best, EP.115]
Dec 18, 2018 • 58 min
My guest this week is Keith Rabois. Keith is currently an investment partner at Khosla Ventures, but has a storied and diverse background as an investor, entrepreneur, and executive. He has worked in senior positions at Paypal, LinkedIn, and Square;…
Bryan Krug – High Yield Credit Investing - [Invest Like the Best, EP.114]
Dec 11, 2018 • 51 min
My guest today is Bryan Krug, who manages the Artisan Partners Credit Team and overseas more than $3B in high yield credit investments for the firm. This was my first conversation on high yield, so I took it as an opportunity to get an overview on the…
Maureen Chiquet – Leadership Through Hard Conversations - [Invest Like the Best, EP.113]
Dec 4, 2018 • 59 min
My guest this week is Maureen Chiquet, the former longtime CEO of Chanel. Maureen also spent much of her career at the Gap, growing Old Navy from scratch, and serving as the president of Banana Republic. The topic of discussion is her experience…
Hunter Walk – Building Picks and Shovels - [Invest Like the Best, EP.112]
Nov 27, 2018 • 78 min
My guest this week is Hunter Walk, the co-founder of Homebrew, a unique venture capital firm. Hunter is a tool builder, having spent his career before venture at companies like Google and YouTube. The topic of our conversation is the intersection of…
[REPLAY] Alex Moazed – Building Modern Monopolies - [Invest Like the Best, EP.25]
Nov 20, 2018 • 73 min
My guest this week is Alex Moazed, the co-author of Modern Monopolies: What It Takes to Dominate the 21st Century Economy, which explores the platform business model (Uber, Airbnb, Github). Alex is also the founder and CEO of Applico, a company that he s
Cliff Asness – The Past, The Present & Future of Quant [Invest Like the Best, EP.111]
Nov 13, 2018 • 84 min
My guest this week is Cliff Asness, the managing and founding principal at AQR Capital Management. 20 years after its founding in 1998, AQR manages $226 Billion dollars across a number of quantitatively based investing strategies. Cliff was an original q
[REPLAY] Peter Attia, M.D. - How to Live a Longer, Higher Quality Life - [Invest Like the Best, EP.27]
Nov 6, 2018 • 87 min
[REPLAY] My guest this week is Peter Attia, M.D., whose mission is to understand and improve human lifespan and healthspan (or quality of life). Reading Peter’s research, you find that there are many similarities between health and investing—ideas li
Ryan Caldbeck – Quant in Private Markets - [Invest Like the Best, EP.110]
Oct 30, 2018 • 69 min
My guest this week is Ryan Caldbeck, a private equity investor who wants to bring quantitative rigor to the private markets. Ryan is the CEO of Circle Up, which uses a system it calls Helio to identify attractive investments in early stage consumer brands
Howard Lindzon – Fintech and Trend Following - [Invest Like the Best, EP.109]
Oct 23, 2018 • 48 min
My guest this week aspires to be the Larry David of investing, and we discuss why. Howard Lindzon is hard to categorize. He’s primarily an early stage investor right now, but he’s participated in all types of investing. He describes himself as a trend
CoVenture Credit - Esoteric Credit with Ail Hamed, Brian Harwitt, and Marc Porzecanski - [Invest Like the Best, EP.108]
Oct 16, 2018 • 67 min
My guests this week are Ali Hamed, Brian Harwitt and Marc Porzecanski who work together at CoVenture Credit. When I first had Ali on as a podcast guest, we discussed the many aspects of what his firm does, ranging from venture, to crypto, to credit. We gl
Saifedean Ammous – The Bitcoin Standard - [Invest Like the Best, EP.107]
Oct 9, 2018 • 68 min
My guest this week is Saifedean Ammous, author of the book the Bitcoin Standard. This was one of the more interesting conversations I’ve had in the world of cryptocurrency, primarily because we don’t talk about Bitcoin or Crypto until 25 minutes into
Danny Moses – Pot Stocks, Tesla, & The “Wild Bill” Rule for Quants – [Invest Like the Best, EP.106]
Sep 28, 2018 • 36 min
“This is an unusual early episode release thanks to the timing of the recent news on Tesla. In this short episode, Danny and I discuss cannabis stocks, Tesla, and his “wild bill” story about quant investing.”
Jeremiah Lowin – Machine Learning in Investing – [Invest Like the Best, EP.105]
Sep 25, 2018 • 58 min
My guest this week is one of my best and oldest friends, Jeremiah Lowin. Jeremiah has had a fascinating career, starting with advanced work in statistics before moving into the risk management field in the hedge fund world. Through his career he has studi
Trail Magic - Lessons from Two Years of the Podcast [Invest Like the Best, EP.104]
Sep 18, 2018 • 11 min
This week, to mark the two-year anniversary of the podcast, I offer a quick summary looking back and forwar
Kathryn Minshew - How Employers and Employees Should Build Careers - [Invest Like the Best, EP.103]
Sep 11, 2018 • 29 min
My guest this week is Kathryn Minshew, the co-founder and CEO of the Muse, and the co-author of The New Rules for Work: the Modern Playbook for Navigating Your Career. I’ve learned in business is that the quality of people and the culture they create di
Richard Craib - Crowdsourcing Predictive Algorithms - [Invest Like the Best, EP.102]
Sep 4, 2018 • 48 min
I intentionally avoid the world of quantitative investing on this podcast. The whole point of this format is to learn about many different fields, and the vast majority of my time is already spent in quant world. Occasionally I’ve broken this rule beca
Elad Gil – How to Identify Interesting Markets - [Invest Like the Best, EP.101]
Aug 28, 2018 • 36 min
My guest this week has a fascinating background. He has a PhD in biology but has split his time as both an investor and an operator. As an investor, he’s involved in companies like Airbnb, Coinbase, Instacart, Opendoor, Stripe, Square, and Pinterest—n
What You Learn About Business Deals After: 12,000 Deals Reviewed, 1,500 Deep Dives, 125 Site Visits, and 7 Portfolio Companies with Brent Beshore - [Invest Like the Best, EP.100]
Aug 21, 2018 • 50 min
For the 100th episode, I’ve brought back my good friend Brent Beshore. Brent was the 10th guest on the podcast, after we met because of a mutual interest in capital allocation. I quickly learned that Brent was one of the most unique and thoughtful inves
Boyd and Bronwyn Varty – Track Your Life - [Invest Like the Best, EP.99b]
Aug 15, 2018 • 64 min
Today’s conversation is a continuation of my discussion on applying the lessons of tracking animals in the wild to tracking in your own life. I encourage to listen to that episode first. In this second part, Boyd’s sister Bronwyn joins and offers per
Boyd Varty – Live Like a Tracker - [Invest Like the Best, EP.99a]
Aug 14, 2018 • 67 min
An interesting question that I think about a lot: how do you balance exploring the new with savoring what you already know and love? Most of the time I prefer to explore, but the best part of this podcast experience for me has been meeting people who beco
Ryan Selkis - The Crypto Barbell and Token Curated Registries - [Invest Like the Best, EP.98]
Aug 7, 2018 • 55 min
This week’s conversation is for those interested in the nitty gritty of cryptocurrencies and for those who, like me, are fascinated by that world but more than a bit skeptical of the investing prospects for the many cryptocurrencies now in existence. M
Cathie Wood – Investing in Innovation - [Invest Like the Best, EP.97]
Jul 31, 2018 • 72 min
My guest this week is Cathie Wood, the founder of ARK invest. Cathie and her team believe that disruptive innovation is the key to long-term growth and, therefore, alpha in the public markets. Because their style of investing is entirely contingent on w
Bethany McLean - Business Gone Bad and the Art of Persistence - [Invest Like the Best, EP.96]
Jul 24, 2018 • 57 min
I’ve often heard that good investors are a bit like journalists: doggedly collecting evidence and building an understanding of how all the pieces of a company or investment fit together. My guest this week is one of my favorite writers and journalists,
Modest Proposal – Value is Dead, Long Live Value - [Invest Like the Best, EP.95]
Jul 17, 2018 • 98 min
A very short introduction today because my guest is anonymous. Suffice it to say he manages a large pool of private capital. He goes by the pseudonym “modest proposal” and his twitter presence is one of the reasons I first got on and now stay on the
[REPLAY] Eric Maddox – The Ace of Spades - [Invest Like the Best, EP.15]
Jul 10, 2018 • 58 min
This week we explore a rare and underappreciated skill through the lens of an incredible story. My guest is Eric Maddox, whose name you probably don’t know but won’t soon forget. Just trust me that you need to listen to this entire episode, and li
Niel Robertson – The Future of Media - [Invest Like the Best, EP.94]
Jul 3, 2018 • 59 min
This week’s episode covers a new set of topics. The conversation, with Niel Robertson, covers media, e-sports, content distribution, marketing, and a lot more. Niel started a software company out of his bedroom when he was 14, and sold his first company
Eric Balchunas – The Past, Present & Future of ETFs - [Invest Like the Best, EP.93]
Jun 26, 2018 • 58 min
My guest this week is Eric Balchunas, the senior ETF analyst for Bloomberg and the author of the Institutional ETF toolbox. This episode is intended for those in the asset or wealth management industry who have considered using ETFs in their portfolios, o
New Angles on Crypto - Kyle Samani and Tushar Jain - [Invest Like the Best, EP.92]
Jun 19, 2018 • 56 min
My guests this week are Kyle Samani and Tushar Jain, both managing partners at Multicoin Capital. I’ve taken a bit of a break from crypto because I hadn’t sensed many new angles to explore in this forum, from an investor’s point of view. I felt tha
Michael Recce – Tim Cook’s Dashboard - [Invest Like the Best, EP.91]
Jun 12, 2018 • 61 min
My guest this week is Michael Recce, the chief data scientist for Neuberger Berman. The topic of our conversation is the use of data in the investment process, to help cultivate what is commonly referred to as an information edge. I call the episode “
Ash Fontana – Investing in Artificial Intelligence - [Invest Like the Best, EP.90]
Jun 5, 2018 • 75 min
My guest this week is Ash Fontana, a managing partner at venture capital firm Zetta, who invests in companies which build software that uses artificial intelligence methods like machine learning to predict and prescribe outcomes. Ash’s combined experien
Mike Zapata – The Darkest Night: Lessons from Battle and Value Investing - [Invest Like the Best, EP.89]
May 29, 2018 • 57 min
My guest this week is remarkable. He now applies his talents on Wall Street, searching for smaller cap companies trading at huge discounts in an effort to compound wealth for his investors. He is classically trained, having earned his graduate degree from
Sam Hinkie – Data, Decisions, and Basketball - [Invest Like the Best, EP.88]
May 22, 2018 • 66 min
I came across this week’s guest thanks to the overlap of three passions of mine: data informed investing, value creation, and basketball. Sam Hinkie worked for more than a decade in the NBA with the Houston Rockets, and then most recently as the Pres
Tren Griffin – Pulling the Thread - [Invest Like the Best, EP.87]
May 15, 2018 • 72 min
My guest this week is a bundle of curiosity, and that is one of the nicest things I could say about someone. For several years, Tren Griffin has been writing a weekly blog post that highlights things he has learned from various investors, businesspeople,
Jason Karp – Opportunities in Public and Private Markets - [Invest Like the Best, EP.86]
May 8, 2018 • 73 min
I believe that any investment strategy that will deliver strong returns in the future must evolve. Any strategy should rest on rock solid foundational principles, which change rarely if ever—things like price discipline, or business growth. But the feat
Chris Douvos – A Value Investor Lost in the Valley - [Invest Like the Best, EP.85]
May 1, 2018 • 66 min
My guest this week is Chris Douvos, a managing partner at Venture Investment Associates, which allocates 1.6B in behalf of investors. Chris is the first professional allocator I’ve spoken with who focuses specifically on venture capital funds, so I had
Arianna Simpson – The Crypto Landscape - [Invest Like the Best, EP.84]
Apr 24, 2018 • 50 min
My guest today is Arianna Simpson, who has spent her career in an around the world of technology working at startups, Facebook, and now in venture capital as an investor focused on the world of cryptocurrencies. I met Arianna when I hosted a panel at a
Shark Tank with Thatcher Bell and Taylor Greene - [Invest Like the Best, EP.83]
Apr 17, 2018 • 90 min
We’ve always found that even in public equities, you learn more once you have a live portfolio. One of the best ways to learn is to put some capital at risk. To learn about the venture capital world, for example, I made an investment in a startup call
Nikhil Kalghatgi – Moonshot Investing - [Invest Like the Best, EP.82]
Apr 10, 2018 • 82 min
My guest this week helps me complete the first trilogy of guests on the podcast. His name is Nikhil Kalghatgi. Along with past guests Ali Hamed and Savneet Singh, Nikhil is a partner at the asset management firm CoVenture. If you liked those two conversat
Live EP.01 – Peter Attia, M.D. [Invest Like the Best]
Mar 27, 2018 • 59 min
This week’s episode was the first one that I’ve recorded live. It was the second dinner in what I expect to be a long series where I bring together 30 people from a variety of backgrounds to discuss an interesting and emerging topic, whether that be c
[REPLAY] Boyd Varty – The Art of Tracking - [Invest Like the Best, EP.32]
Mar 20, 2018 • 82 min
This week’s episode is the most unique to date. My guest is Boyd Varty, who grew up in the South African Bush, living among and tracking wild leopards. The main theme of our conversation is tracking, and how the same strategy for pursuing animals in the
Albert Wenger - World After Capital - [Invest Like the Best, EP.80]
Mar 13, 2018 • 66 min
My guest this week is Albert Wenger, a managing partner at Union Square Ventures and the author of the book World After Capital. Albert studied economics at Harvard and earned a PhD in information from technology, but if you’d asked me to guess before l
Savneet Singh - The Berkshire of Software - [Invest Like the Best, EP.79]
Mar 6, 2018 • 79 min
My guest this week is another in a recent series of people that makes me want to work harder, learn more, and do more for others. His name is Savneet Singh, and he has already accomplished a remarkable amount in the worlds of business and investing. He’s
Dan Rasmussen - Private Equity Returns in Public Markets - [Invest Like the Best, EP.78]
Feb 27, 2018 • 81 min
It has been a while since we discussed private equity on the show, so I was excited for this week’s conversation. My guest is Dan Rasmussen, the founder of Verdad advisers. Dan worked in private equity and has spent years studying the entire field. Dan i
Pat Dorsey Returns - The Moat Portfolio - [Invest Like the Best, EP.77]
Feb 20, 2018 • 62 min
My guest this week, back for a second conversation, is Pat Dorsey. Pat ran equity research at Morningstar before leaving to start his own asset management company: Dorsey Asset Management. His areas of deep interest are competitive advantage and capital a
Josh Wolfe - This is Who You Are Up Against - [Invest Like the Best, EP.76]
Feb 13, 2018 • 75 min
Long-time listeners will have heard me joke before that this podcast should really be called “this is who are you up against.” I’ve been waiting for the right episode to deploy the joke as a title, and this week we have it. The joke is meant to convey h
Harvey Sawikin - Emerging Market Opportunities - [Invest Like the Best, EP.75]
Feb 6, 2018 • 59 min
My guest this week is Harvey Sawikin, a co-founder and lead portfolio manager at Firebird Management, which manages funds dedicated to investing in emerging market equities. Emerging markets are often a blind spot for investors of all types: most of us ha
Anthony Pompliano - Full Tilt Investing- [Invest Like the Best, EP.74]
Jan 30, 2018 • 42 min
My guest this week is Anthony Pompliano. Pomp began his career in the military, and has since been a successful entrepreneur, worked as a head of growth at Facebook, and started Full Tilt Capital, an early stage investing firm in North Carolina. This co
Dr. Ben Hunt - The Three-Body Portfolio - [Invest Like the Best, EP.73]
Jan 23, 2018 • 66 min
My guest this week is Dr. Ben Hunt, the chief investment strategist at Salient and the author of the extremely popular epsilon theory. I’ve always enjoyed Ben’s writing style, particularly his use of farm and animal based analogies to describe market phe
Preston Byrne - Crypto-pocalypse - [Invest Like the Best, EP.72]
Jan 16, 2018 • 70 min
My guest this week is Preston Byrne. Preston is vocal critic of crazy prices and projects in the world cryptocurrencies. His background is in the legal world and also as a founder and former COO of Monax, which made the first open-source permissioned bloc
Ali Hamed – Creative Investing - [Invest Like the Best, EP.71]
Jan 9, 2018 • 76 min
I have a special request this week: share this episode with every curious person in your life. The conversation, with a 26-year old investor named Ali Hamed, serves as an example of what’s possible when you think creatively. Ali views the world with
Sheel Tyle - The Future of Venture Capital - [Invest Like the Best, EP.70]
Jan 2, 2018 • 53 min
My guest this week is Sheel Tyle, who at just 26 years old has already had a successful career in venture capital. His most recent stint was as the co-head of the seed investing business at NEA, the largest venture capital firm in the world, where Sheel w
Chris Dixon – The Future of Tech - [Invest Like the Best, EP.69]
Dec 26, 2017 • 58 min
My guest this week is Chris Dixon, who has written some of my favorite essays on technology and venture investing. Chris is a prolific investor and thinker, having been an entrepreneur, angel investor, and now partner at the well-known venture capital fir
Sorin Capital – Retail Contrarians - [Invest Like the Best, EP.68]
Dec 19, 2017 • 86 min
So far I’ve spent no time in the podcast discussing real estate, so I was excited to get the chance to talk to the team at Sorin Capital, a billion dollar hedge fund which specializes in commercial real estate, REITs, and commercial mortgage backed sec
Franklin Foer – World Without Mind - [Invest Like the Best, EP.67]
Dec 12, 2017 • 57 min
My guest this week is Franklin Foer, the author the recently published book “World Without Mind.” The topic of our conversation is one that I’ve been thinking through often this past year: the impact that large technology companies have on our minds
Adam Ludwin - A Sober View on Crypto - [Invest Like the Best, EP.66]
Dec 5, 2017 • 66 min
My guest this week is Adam Ludwin, the founder and CEO of Chain, a blockchain technology company targeted at large enterprises. Before shifting his career to focus solely on crypto, Adam was a venture capitalist focused on FinTech, which is how he came ac
Joanne Wilson - Angel Investing and Trend Spotting - [Invest Like the Best, EP.65]
Nov 28, 2017 • 57 min
My guest today is Joanne Wilson, a New York City based angel investor, writer, podcaster, trend spotter, and self-described “woman around town.” Joanne has had a multifaceted and winding career, and began angel investing a decade ago when she put mone
Connor Leonard - Capital Light Compounders & Reinvestment Moats - [Invest Like the Best, EP.64]
Nov 21, 2017 • 66 min
This week’s conversation is an ode to old school, fundamental public market investing. My conversation is with IMC’s Connor Leonard, who spends most waking hours thinking and reading about markets. His mandate is to invest purely as if it was his own
Dhani Jones - Adventures in Sports, Business, and Investing - [Invest Like the Best, EP.63]
Nov 14, 2017 • 57 min
My guest this week is unique. As you will hear early and often, he is programmed to go his own way, to, as he says, go one way when everyone else is going another. His name is Dhani Jones, a name I knew as a Notre Dame football fan, because he won a champ
Chris Burniske - How to Value a Cryptoasset - [Invest Like the Best, EP.62]
Nov 7, 2017 • 58 min
This episode is a continuation of the Hash Power series. It is the first of what we will call a Hash Power single—a series of conversations each with a single guest on a specific topic. In this case my guest is Chris Burniske, and the topic is cryptoass
Brad Katsuyama - What Happens When You Hit “Buy” - [Invest Like the Best, EP.61]
Oct 31, 2017 • 65 min
My guest this week is Brad Katsuyama, the founder of the IEX exchange and protagonist of Michael Lewis’s famous book Flash Boys, which chronicled the role of high frequency trading in markets. This conversation was yet another reminder of how complicat
Brett Maloley - Ladder: The Fitness Marketplace - [Invest Like the Best, EP.60]
Oct 24, 2017 • 69 min
This week’s episode is part of an experiment and so requires a longer than normal introduction. I’ve come to view this podcast as a learning tool, a means to understand a new topic in a short window of time. One of those areas is venture capital and
Tim Urban - Grand Theft Life - [Invest Like the Best, EP.59]
Oct 17, 2017 • 80 min
This week’s conversation is about artificial intelligence and interplanetary travel. Its about content creation, thinking from first principles, and death progress units. Its about brain machine interfaces and why it is crucial that you be a chef and no
Hash Power – Ep. 3 - Funding, Forking, and a Creative Future
Oct 10, 2017 • 59 min
In episodes one and two of Hash Power, we explored blockchain technology and cryptocurrency investing. In this episode, we discuss the current and potential future states of the crypto world. We cover new forms of cooperation, regulation, security and sto
Hash Power – Ep. 2 - Investing in Cryptocurrencies
Oct 3, 2017 • 75 min
In episode 1 of Hash Power, we explored blockchains as a technology—how they work, why tokens (also known as cryptocurrencies) are an integral part of any blockchain, and how these new networks might change the world. In episode two, we spend time with
Hash Power – Ep. 1 - Understanding Blockchains
Sep 26, 2017 • 69 min
Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies. Hash Power is presented by Fidelity Investments
David Tisch - Tech Investing Outside of Silicon Valley - [Invest Like the Best, EP.55]
Sep 19, 2017 • 68 min
My guest this week is David Tisch, who was instrumental in building and fostering venture capital investing in New York City. If you liked my conversation with Jerry Neumann—who, incidentally, introduced me to David—you are going to love this one. Dav
David Gardner - Finding Companies That Break the Rules - [Invest Like the Best, EP.54]
Sep 12, 2017 • 77 min
The investment strategy discussed in this week’s episode is diametrically opposed to my own value tendencies, but it still one that has done exceptionally well. My guest is David Gardner, co-founder of the Motley Fool. He is unique in that he is both a
Meb Faber - Factors, Dividends, and Angel Investing - [Invest Like the Best, EP.53]
Sep 7, 2017 • 51 min
My guest this week is Meb Faber, who started a podcast similar to this one right before mine and was a big reason I was open to the idea in the first place. Meb is a quantitative researcher whose firm Cambria has been behind many interesting investment st
Team Ritholtz - The Wu Tang Clan of Finance - [Invest Like the Best, EP.52]
Aug 29, 2017 • 68 min
My guests this week don’t need to be introduced. In celebration of the one year anniversary of invest like the best, I asked Josh Brown, Mike Batnick, and Barry Ritholtz to join me for a hour, during which I spent more time laughing than asking questions.
Pat Dorsey - Buying Companies With Economic Moats - [Invest Like the Best, EP.51]
Aug 22, 2017 • 50 min
My guest this week is Pat Dorsey, who was the longtime director of equity research at Morningstar, where he specialized in economic moats: sources of sustained competitive advantage that allow a few companies to deliver huge returns over time. Several yea
Jason Zweig and Morgan Housel - Business vs. Investing - [Invest Like the Best, EP.50]
Aug 15, 2017 • 74 min
My guests this week are both veterans of the podcast, Jason Zweig and Morgan Housel. They are two of the best in the world at making the complicated simple, and in that spirit, I’ll keep this introduction short. Morgan shifted from public markets to the
Brad Stulberg - Just Manageable Challenges - [Invest Like the Best, EP.49]
Aug 8, 2017 • 61 min
This week’s conversation is about performance. More specifically, it is about the ins and outs of steady progress and growth. My guest is Brad Stulberg who coauthored the book Peak Performance, which combines research from many fields into a description o
Leigh Drogen - Sink or Swim—How to Combine Quant and Traditional Asset Management Techniques - Invest Like the Best, EP.48]
Aug 1, 2017 • 65 min
Several weeks ago my conversation with Leigh Drogen on quant investing proved timely and popular—because everyone in asset management is facing the rise of big data, and the use of data science in investing strategies. Because of the rise of quants, many
Wes Gray - Compound Your Face Off - [Invest Like the Best, EP.47]
Jul 25, 2017 • 81 min
My guest this week is a version of me—a funnier, cooler version who has a PhD and served as an active duty marine. Lots of you will already be familiar with Wes Gray, and those of you who are not are in for a treat. Wes is the founder of Alpha Architect
Rishi Ganti - Esoteric Assets - [Invest Like the Best, EP.46]
Jul 18, 2017 • 78 min
My guest this week is Rishi Ganti, who invests in what he calls esoteric assets. I’m not sure what to do other than laugh in amazement at his professional credentials — PhD in economics, CFA, CPA, lawyer, speaks six languages, and so on. The best part is
Jerry Neumann - The Deployment Age, Power Laws, and Venture Capital - [Invest Like the Best, EP.45]
Jul 11, 2017 • 88 min
I am drawn to a group of investors that I call practitioner philosophers. These are people who have gotten their hands dirty in their respective fields, but despite being doers, they still often sit back and ponder the big questions in business and life.
Top Ten Lessons After Almost a Year - [Invest Like the Best, EP.44]
Jul 5, 2017 • 19 min
A future guest just told me, every band has a song about being in a band, so today I give you my version. I won’t do this often, and only do it this week in case listenership drops due to the holiday—I didn’t want any guest to have a smaller than no
Scott Norton - Seek to Learn That Which Cannot be Taught - [Invest Like the Best, EP.43]
Jun 27, 2017 • 65 min
If you told me a year ago that I’d be learning critical life and business lessons from the founder of a ketchup company, and that thirty to fifty thousand people would listen to our conversation, well, I’d have told you that’s impossible. But the fa
Andy Rachleff - Building Something People Want to Buy - [Invest Like the Best, EP.42]
Jun 20, 2017 • 46 min
My guest this week is Andy Rachleff, who is the CEO of the automated investing platform Wealthfront. Andy was also a co-founder and long-time partner at Benchmark capital—one of the most interesting and successful venture capital firms in the world.
Leigh Drogen - Quant vs Traditional Investors and How Alphas Become Betas - [Invest Like the Best, EP.41]
Jun 13, 2017 • 76 min
I’ve often joked that this show should be called “this is who you are up against,” because I am so often having conversations with brilliant people across the investment landscape who are effectively my competition and yours.
Ira Judelson - Bail Street, with NYC’s Leading Bail Bondsman - [Invest Like the Best, EP.40]
Jun 6, 2017 • 75 min
This week’s episode is very unique. It is the first episode devoted to bonds, just not the kind of bonds you are used to. My guest is Ira Judelson, who is the leading bail bondsman in New York City. I met Ira through my friend and former podcast guest D
David Chilton - The Human Blitzkrieg - [Invest Like the Best, EP.39]
May 30, 2017 • 96 min
This week’s conversation was especially fun. I have a long history with my guest, Dave Chilton, but this was the first time we’d met in person. I’d heard stories about him from people I work with for twenty years, so getting to finally spend time with him
David Salem - The Art of Asset Allocation - [Invest Like the Best, EP.38]
May 23, 2017 • 86 min
My guest this week is David Salem. David was the founding president and CIO for The Investment Fund for Foundations, which served 800 endowed charities under David’s 18-year tenure. He’s now the CIO of the Windhorse Group, which focuses on long-term, va
Michael Mauboussin - Man + Machine, Moats, and Power of the Outside View - [Invest Like the Best, EP.37]
May 16, 2017 • 89 min
My guest today is Michael Mauboussin, who is the head of global financial strategies at Credit Suisse and is on my short list of must read writers on all things investing. If you read his entire catalogue, Howard Marks’s memos, and Buffett’s shareholder l
Will Thorndike - How Skilled Capital Allocators Compound Capital - [Invest Like the Best, EP.36]
May 9, 2017 • 69 min
This week’s guest is Will Thorndike, an author and investor whose book The Outsiders is an all-time favorite of mine. Our conversation is in two parts. First, we dive deep into the lessons of his 8-year research project studying CEOs who were master c
Ted Seides - The Bet with Buffett – Hedge Funds vs. The S&P 500 - [Invest Like the Best, EP.35]
May 2, 2017 • 69 min
This coming weekend is the annual Berkshire Hathaway shareholder meeting in Omaha. That means this week is the perfect opportunity to discuss a topic which will likely figure prominently at Berkshire this weekend: Ted Seides’s famous bet with Buffett. T
Danny Moses - The Big Short and Beyond - [Invest Like the Best, EP.34]
Apr 25, 2017 • 70 min
My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team led by Steve Eisman, which was one of a smal
Royce Yudkoff and Rick Ruback – REALLY Private Equity - [Invest Like the Best, EP.33]
Apr 18, 2017 • 82 min
In this episode, I continue to pull on one of the most interesting threads that I have uncovered while producing this podcast: the world of permanent equity. My guests today are Royce Yudkoff and Rick Ruback, two Harvard Business School professors who hav
SPECIAL EPISODE: Introducing Capital Allocators Podcast with Host Ted Seides
Apr 13, 2017 • 72 min
SPECIAL EPISODE: Introducing Capital Allocators Podcast with Host Ted Seides This is a special episode to premiere a new podcast from my friend, Ted Seides. In this show, Capital Allocators, Ted will feature a broad range of people that control the flow
Boyd Varty – The Art of Tracking - [Invest Like the Best, EP.32]
Apr 11, 2017 • 82 min
This week’s episode is the most unique to date. My guest is Boyd Varty, who grew up in the South African Bush, living among and tracking wild leopards. The main theme of our conversation is tracking, and how the same strategy for pursuing animals in the
Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31]
Apr 4, 2017 • 104 min
My guest this week is Khe Hy. Khe has a very interesting, two-part story. We start with Khe’s career at Blackrock, where he rose to be one of the youngest MDs at the firm, specializing in quantitative hedge funds. Khe shares his perspective on how the hed
Ted Seides and Brent Beshore – The Future of Asset Management - [Invest Like the Best, EP.30]
Mar 28, 2017 • 91 min
This week, my good friends Ted Seides and Brent Beshore join me to discuss the future of asset management and a ton of fun side topics. While we are all passionate about investing, we’ve had very different careers: Ted in alternatives, hedge funds and f
Jim O’Shaughnessy - Premeditated Success - [Invest Like the Best, EP.29]
Mar 21, 2017 • 65 min
My guest this week is my father, Jim O’Shaughnessy. He was a pioneer in quantitative equity research, part of an early group of explorers who combed through data to find factors which predicted future stock returns. While we’ve both written extensivel
Trish and James Higgins of Chenmark Capital - Permanent Equity - [Invest Like the Best, EP.28]
Mar 14, 2017 • 61 min
My guests this week are Trish and James Higgins, who run Chenmark Capital Management. In this episode we continue to explore a style of investing I call Permanent Equity. Returns in permanent equity come first from the ongoing cash flows of portfolio co
Peter Attia, M.D. - How to Live a Longer, Higher Quality Life - [Invest Like the Best, EP.27]
Mar 7, 2017 • 87 min
My guest this week is Peter Attia, M.D., whose mission is to understand and improve human lifespan and healthspan (or quality of life). Reading Peter’s research, you find that there are many similarities between health and investing—ideas like compou
John Rogers – Slow and Steady Wins the Race - [Invest Like the Best, EP.26]
Feb 28, 2017 • 62 min
My guest this week is John Rogers, founder, CEO and CIO of Ariel investments, one of the longest standing asset management businesses still in existence. John has a very impressive resume. In addition to his success at Ariel, he was the captain of the P
Alex Moazed – Building Modern Monopolies - [Invest Like the Best, EP.25]
Feb 21, 2017 • 73 min
My guest this week is Alex Moazed, the co-author of Modern Monopolies: What It Takes to Dominate the 21st Century Economy, which explores the platform business model (Uber, Airbnb, Github). Alex is also the founder and CEO of Applico, a company that he s
Ian Cassel – Investing In Tiny Stocks - [Invest Like the Best, EP.24]
Feb 14, 2017 • 65 min
My guest this week is Ian Cassel, a microcap investor who is always on the lookout for small companies which are run by men and women who are what he calls intelligent fanatics. Ian’s livelihood is based on the success or failure of a small group of com
Joe Mansueto – Lessons From the Founder of Morningstar - [Invest Like the Best, EP.23]
Feb 7, 2017 • 69 min
My guest this week is Joe Mansueto, the founder, longtime CEO and current executive chairman of Morningstar, Inc. Joe is an entrepreneur at heart. He has the gene for spotting good business ideas and building them out with the customer in mind, so it is
Brent Beshore Returns – Private Equity, Venture Capital, and the Future of Money Management - [Invest Like the Best, EP.22]
Jan 31, 2017 • 118 min
Brent Beshore and I spoke for 10 hours about all things investing and business, and decided to record a 2-hour chunk of our conversation. We start by discussing private equity, venture capital, and the importance of brand. We then explore the difference b
Brian Koppelman – Chasing Curiosity - [Invest Like the Best, EP.21]
Jan 24, 2017 • 61 min
My guest this week is writer, director, producer, and podcast host Brian Koppelman, who’s film credits include ‘Rounders’, ‘Oceans 13’, and ‘Solitary Man’. More recently he co-created the Showtime show, ‘Billions’, which allowed us to ha
Jeremiah Lowin – Machine Intelligence and Risk Management - [Invest Like the Best, EP.20]
Jan 17, 2017 • 83 min
Jeremiah Lowin is probably the smartest guy I know, and that is saying something. He is an expert in the fields of statistics, artificial intelligence, and risk management—among many other things. He is currently the Director of Risk Management for a p
Lauren Loktev, Kanyi Maqubela, & Craig Shapiro - Watching a Venture Fund at Work - [Invest Like the Best, EP.19]
Jan 10, 2017 • 68 min
This week’s episode features the partners of the Collaborative Fund, a venture-capital firm based in New York City. This is a unique, group interview with Lauren Loktev, Kanyi Maqubela, and Craig Shapiro that explores all aspects of their search and in
Dan Egan – Designing Better Decisions - [Invest Like the Best, EP.18]
Jan 3, 2017 • 66 min
My guest today is Dan Egan, who is the managing director of Behavioral Finance and Investing at Betterment. In this wide-ranging role, Dan has his hands is most of the ways that Betterment interacts with its clients and how it invests their money. This i
Shane Parrish – Mastering Mental Models - [Invest Like the Best, EP.17]
Dec 27, 2016 • 53 min
My guest this week is Shane Parrish, who created the extremely popular Farnam Street—a website dedicated to understanding the world by mastering the best of what others have already figured out. More than 100,000 people subscribe to the Farnam Street N
Jeff Ptak – The Prospects for Active Management - [Invest Like the Best, EP.16]
Dec 20, 2016 • 65 min
Joining me on the podcast this week is Jeff Ptak, head of global manager research at Morningstar. Jeff’s role puts him in the unique position to discuss the state of active management because he gets to see mutual funds from both the bottom-up, through
Eric Maddox – The Ace of Spades - [Invest Like the Best, EP.15]
Dec 13, 2016 • 58 min
This week we explore a rare and underappreciated skill through the lens of an incredible story. My guest is Eric Maddox, whose name you probably don’t know but won’t soon forget. Just trust me that you need to listen to this entire episode, and listen
Josh Brown – The Reformation - [Invest Like the Best, EP.14]
Dec 6, 2016 • 56 min
My guest this week is one of the reasons that this podcast exists. Josh Brown is a financial advisor and the CEO of Ritholtz Wealth Management. He is also the creator of TheReformedBroker.com, a blog about markets, politics, economics, media, culture, a
Christopher Cole – Small Bets, Huge Payoffs - [Invest Like the Best, EP.13]
Nov 29, 2016 • 63 min
My guest this week is Christopher Cole, founder and managing partner at Artemis Capital Management. Chris’s specialty is in long volatility strategies, setting up portfolios that will benefit from significant change and volatility in markets. We discus
Kevin Simler – Exploring the Frontier - [Invest Like the Best, EP.12]
Nov 22, 2016 • 69 min
Today’s episode features one of my favorite thinkers and writers: Kevin Simler.
Craig Shapiro – Better for You, Better for the World - [Invest Like the Best, EP.11]
Nov 14, 2016 • 54 min
This week Patrick takes a deep dive in the world of Venture Capital with Craig Shapiro, founder and CEO of the New York based Collaborative Fund, which was an early investor in companies like Lyft, Kickstarter, and Reddit. We cover Craig’s investing ro
Brent Beshore – Cultivating a Disaster Resistant, Compound Interest Machine - [Invest Like the Best, EP.10]
Nov 8, 2016 • 96 min
This week’s guest is Brent Beshore, Founder and CEO of adventur.es, a family of companies that invests in family-owned companies. Brent has a very specific mission with this company, to cultivate a disaster resistant, compound interest machine. At just
Jon Stein – The State of Automated Investing - [Invest Like the Best, EP.09]
Nov 1, 2016 • 40 min
Would you be comfortable with a robo-advisor running your entire investment portfolio? That’s the hope of our guest this week, Jon Stein, founder and CEO of Betterment.
Kiley Adams – An Internal Locus of Control - [Invest Like the Best, EP.08]
Oct 28, 2016 • 36 min
This episode is a major departure from the norm. My guest, Kiley Adams, is only 21 years old. She has crammed more learning and adventure into two decades than most people could hope to in a lifetime.
Ted Seides – A Deep Dive into Hedge Funds - [Invest Like the Best, EP.07]
Oct 25, 2016 • 76 min
This week’s guest has forgotten more about hedge funds than most people will ever know. This episode will appeal to managers, allocators and any investor interested in the world of hedge funds. Ted Seides worked under David Swensen at Yale’s endowmen
Humble Giants – Vanguard’s Gerry O’Reilly and Jim Rowley - [Invest Like the Best, EP.06]
Oct 18, 2016 • 59 min
There is a good chance that this week’s guests manage your money. This episode is a rare and fascinating look into the world’s largest asset manager. My first guest is Gerry O’Reilly, who is the portfolio manager for the largest mutual fund in the w
Christian Rudder – The Quantified Self - [Invest Like the Best, EP.05]
Oct 11, 2016 • 61 min
In this episode Patrick talks to Christian Rudder, who is the co-founder of dating service OK Cupid, a NY Times best-selling author, data and math junky, and musician. Patrick and Christian discuss interesting trends in OK Cupids dating data, artificial i
Morgan Housel – Walking and Thinking - [Invest Like the Best, EP.04]
Oct 4, 2016 • 72 min
In this week’s episode, Patrick and Morgan Housel explore the differences between private and public market investing, how to foster innovation and creativity, how businesses are structured and organized, and how Morgan finds interesting books and topic
Jason Zweig – The Power of Serendipity - [Invest Like the Best, EP.03]
Sep 27, 2016 • 79 min
In this episode, Patrick and Jason Zweig reflect on investing, financial advice, books, and life in general. The method for living discussed in the last 30 minutes will be useful for everyone. Jason is the Intelligent Investor columnist for the Wall Str
Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]
Sep 20, 2016 • 94 min
Michael Mauboussin, Managing Director and Head of Global Financial Strategies at Credit Suisse, joins Patrick to discuss the current state of the asset management business, explore all of the stages of the investment process, and what edges might exist fo
Jeff Gramm – Activist Investing - [Invest Like the Best, EP.01]
Sep 11, 2016 • 85 min
Hedge Fund Manager and author Jeff Gramm talks with Patrick O’Shaughnessy about the history and current state of shareholder activism and discusses how Jeff invests himself, taking large positions and often board seats in undervalued companies.