Jim O’Shaughnessy: Investing Lessons From a Lifelong Learner

Jim O'Shaughnessy, founder of O'Shaughnessy Asset Management and O'Shaughnessy Ventures, discusses his early interest in quantitative investing, tracing back to his grandfather's foundation and his own curiosity about stock valuations. He emphasizes the importance of understanding market history and human behavior, citing Isaac Newton's experience with the South Sea Trading Company as a cautionary tale against narrative-driven investments. O'Shaughnessy advises investors to maintain a long-term view, diversify their portfolios, and avoid being swayed by short-term market fluctuations. While noting his preference for stocks over bonds for long-term growth, he acknowledges bonds' role in reducing portfolio volatility. Transitioning to venture capital, O'Shaughnessy highlights the significance of founder passion and reasonable valuations in early-stage companies. He also touches upon his book, "Two Thoughts," and his podcast, "Infinite Loops," as avenues for sharing wisdom and promoting rational optimism.