Wall Street Legend Jim O'Shaughnessy - A Calm Voice in Turbulent Times (EP.222)

10/06/22 • 65 min

1 Listener

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)

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)

Previous Episode

Best of Panic: Jason Hirschhorn of REDEF (Part 2) on the Future of New Media and the Explosion of the Creator Economy (EP.221)

During my five weeks on the road, I’ve been doing reruns of some of my favorite Panic with Friends episodes. This one is the second of back-to-back episodes with my pal Jason Hirschorn from April of 2021. I have not met another person who is not just so passionate about all forms of media and the creator economy, but is eager and willing to share that knowledge with others.

Best of Panic: In part one, we covered Jason’s long history at MTV, Slingbox, News Corp and MySpace. So listen here if you want the full backstory on this media extraordinaire.

In this episode, Jason covers the future of new media and streaming and the explosion of the creator economy. Looking back, I believe that YouTube created the first explosion in the creator economy and today it is a bunch of new media platforms combined with decentralization and tokens that will create an even bigger explosion which Jason predicts will be a ‘more equitable’ version of the creator economy.

Guest - Jason Hirschhorn, CEO and Chief Curator at REDEF

howardlindzon.com, redef.com

Twitter: @howardlindzon, @JasonHirschhorn, @MediaREDEF, @MusicREDEF, @PanicwFriends, @knutjensen

linkedin.com/in/jason-hirschhorn-820a9b43

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

Show Notes:

Introduction (00:41)
Welcome Jason (02:19)
Artists and NFTs (04:12)
Gatekeepers with too much power (07:04)
Building a trusted audience (09:38)
Creator economy platforms (11:54)
Sloth of Big Media (16:51)
Technical debt/Brand debt (19:22)
Bundling media (25:23)
Streaming/Spotify (28:24)
Advertising/Programming (31:34)
Dealing with piracy (32:31)
Movie Theaters (33:25)
Cinema Paradisio (36:21)
Wrapping up (43:47)
Closing thoughts (47:18)

Next Episode

Dave Finocchio of The Cool Down on Building Enduring Media Companies (EP.223)

I’m excited to have my new friend Dave Finocchio on the podcast. I met Dave on my golf trip to Ireland, and we hit it off on the long bus ride. He stands out because he’s focused and insanely smart. He’s the founder of the Bleacher Report, which was acquired for north of $200M, and is now working on The Cool Down – his attempt to build the world’s first mainstream climate brand. Dave’s taken everything he’s learned in sports and media over the years and is applying it to climate change.

We have a wide-ranging conversation on what it was like to start a media company back in the day, and what it takes now. We discuss new trends that are emerging in media, like TikTok, his investment in 5-Iron Golf, and a whole lot more. Enjoy!

Guest - Dave Finocchio, Co-Founder & CEO at The Cool Down, Founder of Bleacher Report

howardlindzon.com, thecooldown.com

Twitter: @howardlindzon, @PanicwFriends, @DaveFinocchio, @knutjensen

linkedin.com/in/dave-finocchio-90b2a93

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

Show Notes: