Invest Like the Best with Patrick O'Shaughnessy
01:27:33 · Patrick O'Shaughnessy, Micky Malka
[01:27:33] S0: That's why I saved it [01:27:33] S2: for now. First, the world was not ready to see Rick leave this planet and that's why that US Air flight amongst other people had a reason to survive. What he brings in terms of value systems, in terms of motivating everybody around him, what he brings in his energy and his charisma to always say what he thinks no matter the consequences, it's quite spectacular to watch. And he's only getting better as the years go by. I think what he's taught me the best is to live a life full of joy on how he can do it at all different levels. He's older than me, I can always look up and see what it looks like in a different phases. I've learned how to manage the different cycles as one gets older. But more importantly, not to forget where you came from. And you can see the full loop on him now embracing even more his roots to Puerto Rico. And I think that full life cycle of his family, his work, his community, his inner perspective, and his roots, it's very unique to see. [01:28:44] S0: Beautiful. Anything about Ribbit that we haven't covered or just like your philosophy of the world and how you operate that you think is really important?
01:28:44 · Patrick O'Shaughnessy, Micky Malka
[01:28:44] S0: Beautiful. Anything about Ribbit that we haven't covered or just like your philosophy of the world and how you operate that you think is really important? [01:28:53] S2: For me and for what this means is, are we gonna be around in five years or ten years? The answer is, I don't know. Are we gonna be doing what we do today or something completely different? The answer is, I don't know. Will we ever raise a fund again? I don't even know. What I know is when you put a group of people together that are passionate about meeting others and engaging and learning, and the inputs into the machine are things that will make the world better, the output on the other side is magical. Beautiful soul of the business. [01:29:33] S0: My closing question for everyone is the same. What is the kindest thing that anyone's ever done for you? [01:29:38] S2: My father who passed away a long time ago when I was 16 years old. I remember after being in high school, sitting in the couch, watching TV at 4PM, and he looks at me and said, You don't deserve to be in this couch. You should be active. You should be doing something because the world has big ambitions for you. And that was it. And he turned around and left. I started working the next day. I went and applied for a job and started working. I've never stopped. And he was right. That message, that moment, at that age, at that particular day was what I needed to hear to get the confidence to get up and start. And something in him knew that he was there, I was just not willing to initiate it.
01:29:38 · Micky Malka, Patrick O'Shaughnessy
[01:29:38] S2: My father who passed away a long time ago when I was 16 years old. I remember after being in high school, sitting in the couch, watching TV at 4PM, and he looks at me and said, You don't deserve to be in this couch. You should be active. You should be doing something because the world has big ambitions for you. And that was it. And he turned around and left. I started working the next day. I went and applied for a job and started working. I've never stopped. And he was right. That message, that moment, at that age, at that particular day was what I needed to hear to get the confidence to get up and start. And something in him knew that he was there, I was just not willing to initiate it. [01:30:27] S0: The lesson that I've taken from getting to know you and Ribbit and the way you guys approach the business world, you are investors, you are deploying capital, you've done a very good job of it, is the generative nature with which you do it. That, yes, you're capitalists and you're trying to do well, but the way that you've done it is this creative, generative backing people who want to create new things and try new things in the world. I think that's an amazing lesson for all of us. And I know you don't do this very much or ever. And so I'm really appreciative of the example that you guys have set. It's definitely impacted me in a major way. And I hope you know that it's done that for lots, not just founders, but other investors too. So thank you so much for your time.
01:30:27 · Patrick O'Shaughnessy, Micky Malka
[01:30:27] S0: The lesson that I've taken from getting to know you and Ribbit and the way you guys approach the business world, you are investors, you are deploying capital, you've done a very good job of it, is the generative nature with which you do it. That, yes, you're capitalists and you're trying to do well, but the way that you've done it is this creative, generative backing people who want to create new things and try new things in the world. I think that's an amazing lesson for all of us. And I know you don't do this very much or ever. And so I'm really appreciative of the example that you guys have set. It's definitely impacted me in a major way. And I hope you know that it's done that for lots, not just founders, but other investors too. So thank you so much for your time. [01:31:08] S2: Thank you, Patrick. And what I've learned from this time together with you is that you have this amazing gift to know how to get to know people. And you have this amazing gift to look at beyond what most people see. So keep it. Do whatever you're doing because I think the best of Patrick is yet to come. [01:31:30] S0: I appreciate that, and that won't be a problem. Thanks, Mickey. If you enjoyed this episode, check out join colossus.com. There, you'll find every episode of this podcast complete with transcripts, show notes, and resources to keep learning. You can also sign up for our newsletter, Colossus Weekly, where we condense episodes to the big ideas, quotations, and more, as well as share the best content we find on the Internet every week.