Invest Like the Best with Patrick O'Shaughnessy
· William Hockey
[00:00:00] S1: I've had a lot of kind people in my life. But I think it's challenging to not look back and be like, oh, your mom and dad were the kindest people. My mom and dad did not have the most straightforward life, and not the easiest. My childhood could have been a lot more difficult than it was, because I think they insulated me from a lot of things that were going on. I had a lovely childhood and I feel super lucky for that. And I think – we've talked about it a little bit – as a founder, you have to be willing to take on risk. And if you grew up in an environment of fear, if you grew up in an environment where you were constantly de-risking when you're a little kid, it's very challenging to feel comfortable going up the risk spectrum as you become an adult. And I feel very lucky my mom and dad did that. They also taught us it's okay to fall. It's okay to get punched in the face. See these, they're all fake. The amount of times I've gotten punched in the face and I've lost teeth is honestly kind of crazy. It's embarrassing. I was pretty good at getting punched in the face, and you can only teach that as a little kid. And you can only have that childhood that makes that comfortable in a very specific environment. I have a six month old, and as I look at my peers and I look at everybody else, we are quite obsessed with creating this perfect environment for our children. We send them to the best schools. They have the nicest people in their lives. And that is valuable. But we're maybe creating children that can do linear algebra at seven. And I guess there's going to be great AI researchers, but is that what we're going to need in 20 years from now? Or do we want kids that are going to be pretty good at taking risks, that are going to be pretty good at being punched in the face. And I think my parents did a really good job at that, and I feel very lucky for that. If I copy all of my peers, I don't know if that's the path we're going to go down. And I think the fact that I am pretty damn resilient is a complete product of my parents and I think that's a huge gift and I feel super lucky for them every day.
· Patrick O'Shaughnessy, William Hockey
[00:00:00] S0: A beautiful place to close. Thank you for your time. [00:00:00] S1: Thank you.