Panic with Friends – Investing for Profit and Joy
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 on his spider tingly markets sense. You will really enjoy his insights.
One thing the ‘yutes’ need to keep in mind during this market turmoil is that they’re “time billionaires”. You definitely want to exchange that time for risk.
I hope you enjoy our wide-ranging conversation on life, family, investing, and the markets.
You can listen to the podcast here on Spotify or Apple podcast and now all the episodes are on my YouTube channel as well. You can click subscribe on any of these channels and get the podcast alert each week.
You can also listen right here on the blog:
For more details on today’s conversation read on below…
Guest: Jim O’Shaughnessy
Profile: Founder/Chairman, OSAM, Executive Chair, board of directors @StabilityAI, Host of Infinite Loops
Where to Find Him: LinkedIn, Twitter
What’s Jim Panicked About? Nothing.
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)