Panic with Friends - Howard Lindzon

My good friend Jim O’Shaughnessy is back for a third appearance on Panic with Friends. He was my very first guest on the show way back in March of 2020, right at the start of the Global Pandemic. He wasn’t panicking then, and he’s not panicking now. I wanted to check in with Jim to see how his spider tingly sense feels around the markets right now. He’s more of a systems guy and doesn’t time the market, but I wanted to get his calm assessment of what the world looks like.

One thing the 'yutes' need to keep in mind during this market turmoil is that they’re “time billionaires”. And you should use that to your advantage. You definitely want to exchange that time for risk.

I hope you enjoy our wide-ranging conversation on life, family, investing, and the markets.

Guest - Jim O’Shaughnessy, Founder, Chairman & Co-Chief Investment Officer, OSAM LLC

howardlindzon.com, osam.com, infiniteloopspodcast.com

Twitter: @howardlindzon , @jposhaughnessy, @PanicwFriends, @knutjensen

linkedin.com/in/james-o-shaughnessy-b072bb

#fintech #invest #investment #venturecapital #stockmarket #finance

Show Notes:

• Introduction (00:42)
• Welcome Jim (08:19)
• Lake Como, Italy (09:24)
• A different type of Panic from 2020 (17:26)
• Strategic and Tactical insights (18:12)
• Historical perspectives (19:40)
• A generation raised on zero cost of capital (23:18)
• Recency bias / Arbitrage human nature (24:35)
• The Fed (37:10)
• Everything is psychology at the end of the day (41:40)
• We socialized losses (43:50)
• Musk's Twitter deal (52:40)
• Wrapping up (57:59)
• Closing thoughts (104:20)

If our last guest Tiffany Zhong was the Gen Z whisper, then Douglas Boneparth might just be the Millennial version. And he has the titles to prove it, including the newly named millennial voice of CNBC’s Digital Financial Advisor Council. After spending well over a decade in the financial planning industry, Douglas noticed a gap – a Buzzfeed reading, avocado toast eating, Slack using gap. Millennials weren’t getting the same level of thoughtful time and advice as other older players in finance. Douglas stopped chasing after old money and started finding young people to invest in. He is the founder and president of Bone Fide Wealth, a Manhattan-based wealth management firm specializing in high achieving Millennials, young professionals and entrepreneurs. They currently advise more than $80 million in assets. Douglas is a funny, charismatic, driven and smart guy (even for a Millenial). In this episode, Douglas and I talk about high earning millennials, financial education, when he got interested in the financial world of business, his comedic perspective on his professional and personal life, what a day in the life of a financial planner looks like, his plans for the future, marketing, SEO and more. Enjoy!

Guest - Douglas A. Boneparth, President at Bone Fide Wealth, LLC

howardlindzon.com, bonefidewealth.com

Twitter: @howardlindzon, @dougboneparth, @knutjensen

linkedin.com/in/douglasboneparth

#fintech #invest #investment #venturecapital #stockmarket #finance

For this week’s episode, we’re chatting with Sam Bankman-Fried. He’s a 29-year-old vegan living in Hong Kong. Oh, and he’s also a crypto billionaire with a huge cult following of fans around the world. Sam is the founder of two impressive companies: Alameda and FTX. His claim to fame came after capitalizing on the South Korean crypto kimchi premium (not the fermented food) and building FTX. Founded just a few years ago in 2017, FTX is one of the fastest growing digital asset exchanges in the world. I’ve had my eye on FTX for a while now and was excited to sit down with Sam to get his thoughts on the state of crypto markets and where he sees it going. In this week’s episode, Sam and I talk about his background, how he gets it all done, his preferred way to relax, living in Hong Kong versus the United States, stablecoins (and why they matter), crypto, defi, blockchain, derivatives, regulations, who he looks up to in the crypto space, and more. Enjoy!

Guest - Sam Bankman-Fried, Founder and CEO of FTX

howardlindzon.com, ftx.com

Twitter: @howardlindzon, @SBF_Alameda, @FTX_Official, @knutjensen, @Nikita_Arora17

https://www.linkedin.com/in/sam-bankman-fried-8367a346

#fintech #invest #investment #venturecapital #stockmarket #finance

In this episode my good friend Ryan Spoon makes his Panic debut. We’ve known each other forever on the internet and met in person about seven years ago when Greg Bettinelliintroduced us at the Upfront conference. Ryan is a great connector – a super connector; and a platinum Social Leverage investor in all of our funds. Ryan is an operator extraordinaire. He was a senior vice president of digital and social at ESPN for eight years. He’s seen growth, he knows sports, he knows mobile, he knows entertainment. And now he’s the COO of Sorare – the intersection of fantasy sports, blockchain, and community. You’ve heard me say it often: the world needs operators. Everybody can start a company, everybody has an idea, and until a few months ago, everybody could raise money; put all this together and no one knows what the hell they’re doing and what we need are operators.

Guest - Ryan Spoon, COO at Sorare

howardlindzon.com, sorare.com, sorare.com/blog,

Twitter: @howardlindzon, @ryanspoon, @sorare, @PanicwFriends, @knutjensen

linkedin.com/in/ryanspoon

linkedin.com/company/sorare/

#fintech #invest #investment #venturecapital #stockmarket #finance

Show Notes:

• Introduction and a guest appearance by former President Donald Trump (00:40)
• Welcome Ryan Spoon to Panic with Friends (06:16)
• Ryan explains what it means to be a great “operator” (07:01)
• Why Ryan was attracted to Sorare - the NFT based fantasy sports gaming company (08:42)
• How Ryan met the Sorare founders through Benchmark (12:03)
• What Ryan has had to learn about crypto and why there’s still much to learn (14:11)
• The role of NFTs within fantasy sports (15:44)
• How to get started and the onboarding experience (18:11)
• Leveraging soccers global reach (19:41)
• Why adding baseball is a no-brainer (25:14)
• How professional athletes increase fandom and engagement (28:55)
• Teaching your kids about investing (32:17)
• Gambling - everything is regulated but kids can YOLO their last $200 of food money over the weekend (34:26)
• What worries Ryan in 2022 coming out of COVID (38:03)
• What is it about the holy grail of data that keeps Ryan excited (40:48)
• Why Ryan is bonkers over Sleep 8 and getting a good night’s sleep (42:13)
• How Benchmark and Sorare found each other (47:00)
• Wrapping up and closing thoughts (47:57)