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Michael Ovitz

๐Ÿ‘ค Speaker
440 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

It's much different than A couple people being in charge of everybody. I said to someone the other day, I wouldn't want to be a startup guy in Beijing if my life depended on it. I don't want to see what happened to Jack Ma and say, oh my God, I want to kill myself to do this, but I got to walk around quaking in my boots. We live in the greatest country in the world.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

It's much different than A couple people being in charge of everybody. I said to someone the other day, I wouldn't want to be a startup guy in Beijing if my life depended on it. I don't want to see what happened to Jack Ma and say, oh my God, I want to kill myself to do this, but I got to walk around quaking in my boots. We live in the greatest country in the world.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I don't care what anybody says about anything or any elected official. It's not going to happen here. We run our own lives and we're creative. I'll put our tech scene up against anyone's in the world. Hands down, we'll kill them. We'll kill them. We're just motivated, free thinkers.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I don't care what anybody says about anything or any elected official. It's not going to happen here. We run our own lives and we're creative. I'll put our tech scene up against anyone's in the world. Hands down, we'll kill them. We'll kill them. We're just motivated, free thinkers.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I'm still doing it.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I'm still doing it.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I haven't asked you for money yet. Yes, you have.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I haven't asked you for money yet. Yes, you have.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Oh, no. It's a postulate for me, and it's a great question because it's highly overlooked. They don't teach it in business school. As a matter of fact, in the curriculum in most business schools, they're impractical. They don't teach the things that I needed to know. No one taught me how to be an investment banker. Yeah, sure, I can.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Oh, no. It's a postulate for me, and it's a great question because it's highly overlooked. They don't teach it in business school. As a matter of fact, in the curriculum in most business schools, they're impractical. They don't teach the things that I needed to know. No one taught me how to be an investment banker. Yeah, sure, I can.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I can look at a balance sheet and read it. But so what? So can everybody else. You know, there's only four or five numbers that mean anything anyways. But they don't teach you about momentum. Steve Schwartzman understands momentum. Alex Karp understands momentum. Mark Andreessen understands momentum. Josh Kushner understands momentum. Bill Ackman understands momentum.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

I can look at a balance sheet and read it. But so what? So can everybody else. You know, there's only four or five numbers that mean anything anyways. But they don't teach you about momentum. Steve Schwartzman understands momentum. Alex Karp understands momentum. Mark Andreessen understands momentum. Josh Kushner understands momentum. Bill Ackman understands momentum.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Teddy Forsman understood momentum. Glenn Lowry understood creative momentum. All these executives in their varying silos never took no for an answer. If they were shut down in one silo, they went right to the next. They hired people that could take their jobs. I remember when some of these executives hired people that there was all this back channeling. Are they crazy?

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

Teddy Forsman understood momentum. Glenn Lowry understood creative momentum. All these executives in their varying silos never took no for an answer. If they were shut down in one silo, they went right to the next. They hired people that could take their jobs. I remember when some of these executives hired people that there was all this back channeling. Are they crazy?

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

They're going to take their job, you know? I remember Steve hiring a guy to run Blackstone, who we all know who's fantastic, Tony James. And everyone was saying, is Steve leaving? And my answer was, he just got an amazing guy, makes him 10x stronger than he was. He had confidence. I had a meeting yesterday with a young guy that Ollie and I are recruiting.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

They're going to take their job, you know? I remember Steve hiring a guy to run Blackstone, who we all know who's fantastic, Tony James. And everyone was saying, is Steve leaving? And my answer was, he just got an amazing guy, makes him 10x stronger than he was. He had confidence. I had a meeting yesterday with a young guy that Ollie and I are recruiting.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And I called Ali after the meeting and I said, we've got to shore this guy's confidence up. He's much better than he thinks he is, which is odd for me to say, because as an employer, you want them to think they're not, so they're weak. I want them to realize what his strengths are to make a decision from a positive place, not a negative one. And all these people that I've mentioned are

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

And I called Ali after the meeting and I said, we've got to shore this guy's confidence up. He's much better than he thinks he is, which is odd for me to say, because as an employer, you want them to think they're not, so they're weak. I want them to realize what his strengths are to make a decision from a positive place, not a negative one. And all these people that I've mentioned are

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

All about momentum. In other words, they remind me of this toy I bought my grandson that's a remote control truck that when it hits a wall, it bounces off and turns in the other direction. That's kind of these people. There's no stopping them. And there's no idea that isn't worth considering. You know, at CA, we had every 90 days a gong show.

Invest Like the Best with Patrick O'Shaughnessy
Michael Ovitz - Turning Potential into Prominence - [Invest Like the Best, EP.418]

All about momentum. In other words, they remind me of this toy I bought my grandson that's a remote control truck that when it hits a wall, it bounces off and turns in the other direction. That's kind of these people. There's no stopping them. And there's no idea that isn't worth considering. You know, at CA, we had every 90 days a gong show.