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Charlie Songhurst

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
640 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

So it's a two-part question.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

One is the virtues, which is working with people you like, working on amazing problems and having impact.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And then the three vices, power, money, and fame.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And you can't avoid them.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

They have to be stacked separately.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

And it's really trying to get at the differences between

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

There's no good answer, but there are definite good fit answers.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

So someone who's interested in power tends to be better at execution.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

Someone who's more interested in money tends to think more about some capital efficiency.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

I tend to avoid people interested in fame.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

But if you were doing something in showbiz, it would presumably be the number one criteria.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

If you think about the difference between sort of impact, intellectual interest, working with people, you really get impression of where people are going to be happy and where they're not going to be happy.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

You also start to understand why certain organizations do so well.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

So SpaceX, if you think about it, stacks high on all three.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

It's intellectually interesting.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

You're working with amazing people.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

You have huge utilitarian impact in the world.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

Whereas if you're working in fintech, you're less likely to sort of have that utilitarian positive impact.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

A lot of people have negative utility from fame.

Invest Like the Best with Patrick O'Shaughnessy
Charlie Songhurst โ€“ Lessons from Investing in 483 Companies - [Invest Like the Best, CLASSICS]

A lot of people start with power, and then when you push them, it's actually money, but they don't want to say it.

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