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Doug Leone

๐Ÿ‘ค Speaker
328 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

And that really teach you to survive. It teaches you respect. It teaches you what you shouldn't. It teaches you street smarts because you are surviving every day in high school. It was that kind of experience. But it was formative. It was formative. It was, you know, oh, oh, mommy, some guy did that. There was none of that. You just went back the very next day.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

And that really teach you to survive. It teaches you respect. It teaches you what you shouldn't. It teaches you street smarts because you are surviving every day in high school. It was that kind of experience. But it was formative. It was formative. It was, you know, oh, oh, mommy, some guy did that. There was none of that. You just went back the very next day.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

and survive than hope and zig than zag.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

and survive than hope and zig than zag.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

No chance. Not a chance. In fact, I worry about my grandkids. I do worry about my grandkids. I hate to say it, but there's too much comfort. There's the semi-year birthday party. It's a half birthday. I want to shoot myself. And my kids know that. My kids know I want to shoot myself on that. In fact, I refuse to attend those things. I actually refuse. I fight my own battles. I love my kids.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

No chance. Not a chance. In fact, I worry about my grandkids. I do worry about my grandkids. I hate to say it, but there's too much comfort. There's the semi-year birthday party. It's a half birthday. I want to shoot myself. And my kids know that. My kids know I want to shoot myself on that. In fact, I refuse to attend those things. I actually refuse. I fight my own battles. I love my kids.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

I love my grandkids. They're doing a fabulous job as parents. I want to make sure I'm on record to say they're terrific parents with terrific children. But all the soft things, it takes hard times to make strong people. Strong people don't make it from easy times.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

I love my grandkids. They're doing a fabulous job as parents. I want to make sure I'm on record to say they're terrific parents with terrific children. But all the soft things, it takes hard times to make strong people. Strong people don't make it from easy times.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

I think you expect a lot and you don't let the kids, you know, kids are smart. They start blackmailing you at the age of six months. Just understand that loving them sometimes means not catering, letting them struggle. I told my kids, how do you inject some love misery. Because it's not about the kids. Yeah, if you want, quote, very happy kids, that's fine.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

I think you expect a lot and you don't let the kids, you know, kids are smart. They start blackmailing you at the age of six months. Just understand that loving them sometimes means not catering, letting them struggle. I told my kids, how do you inject some love misery. Because it's not about the kids. Yeah, if you want, quote, very happy kids, that's fine.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

But I'm not sure you want very happy kids. I think you want kids that are happy and that want to do something. I think doing something, achieving something in life is a key to later happiness. Those are the conversations we have. To expect a lot, give jobs, give reward, a lot of love, but know that something has to be delivered. And tell them the truth.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

But I'm not sure you want very happy kids. I think you want kids that are happy and that want to do something. I think doing something, achieving something in life is a key to later happiness. Those are the conversations we have. To expect a lot, give jobs, give reward, a lot of love, but know that something has to be delivered. And tell them the truth.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Oh, nice try when he shoots a basket and you're four feet from the rim. One of the things I never did, I never bullshitted my kids. I always told them, that was a crap shot. Try it again. I remember my son playing basketball. I told him, I will never let you win and I will never be happier than the day that you beat me. because you'll have earned it. And he's beaten me. And he knows I meant it.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Oh, nice try when he shoots a basket and you're four feet from the rim. One of the things I never did, I never bullshitted my kids. I always told them, that was a crap shot. Try it again. I remember my son playing basketball. I told him, I will never let you win and I will never be happier than the day that you beat me. because you'll have earned it. And he's beaten me. And he knows I meant it.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

The other thing you should know, there are many ways to heaven. There's not just one way to heaven. I'm quoting my partner, Sharlendra, in India that tends to be a philosophical man. There are many ways to heaven. There are many ways to do it right. I don't think catering and making things easy all the time is one of them.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

The other thing you should know, there are many ways to heaven. There's not just one way to heaven. I'm quoting my partner, Sharlendra, in India that tends to be a philosophical man. There are many ways to heaven. There are many ways to do it right. I don't think catering and making things easy all the time is one of them.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

The careers and investors at stake, the founders has no idea of that. And they do certain things that are contrary to the founder's best interest. they're wonderful analysts, but can't seem to make an investment. They get enthralled by the technology, never asking, where's the beef? Where's the business? Who's the buyer? It has to be a simple solution. It's so wonderful, I can't really explain it.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

The careers and investors at stake, the founders has no idea of that. And they do certain things that are contrary to the founder's best interest. they're wonderful analysts, but can't seem to make an investment. They get enthralled by the technology, never asking, where's the beef? Where's the business? Who's the buyer? It has to be a simple solution. It's so wonderful, I can't really explain it.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Then you run the other way. It comes down to a human being issuing a purchase order for something that he or she understands, to which they have to convince their managers and their peers to go buy with single use. Oh, that is really cool. Cool is the enemy of reality. Those are the failure modes. Fibbing, lack of business sense.

Invest Like the Best with Patrick O'Shaughnessy
Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Then you run the other way. It comes down to a human being issuing a purchase order for something that he or she understands, to which they have to convince their managers and their peers to go buy with single use. Oh, that is really cool. Cool is the enemy of reality. Those are the failure modes. Fibbing, lack of business sense.