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Ravi Gupta

๐Ÿ‘ค Speaker
314 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

You asked, what would you suggest to somebody? It would be that. And then I think the last one, which is maybe the most optimistic is like, what have we dreamed about providing for our customers that was impossible before? And let's all use this idea of what is barely possible now and too expensive. Oh my God, that's going to be possible in six or 12 months. Let's go build that.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

You asked, what would you suggest to somebody? It would be that. And then I think the last one, which is maybe the most optimistic is like, what have we dreamed about providing for our customers that was impossible before? And let's all use this idea of what is barely possible now and too expensive. Oh my God, that's going to be possible in six or 12 months. Let's go build that.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

One of the things that you and I have been talking about separately is how much should we care about margins right now? Well, it actually means you should care a lot about margins in certain topics and not a lot about other topics. If something's like an AI first product, you probably shouldn't care that much about the margins of it because it's going to get so much cheaper to deliver that.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

One of the things that you and I have been talking about separately is how much should we care about margins right now? Well, it actually means you should care a lot about margins in certain topics and not a lot about other topics. If something's like an AI first product, you probably shouldn't care that much about the margins of it because it's going to get so much cheaper to deliver that.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Whereas if something's not an AI first product, you should care a lot about the margins because that is the durable future. Those are a few things that I think I would do and I would suggest to people to do. And I also think anything that prevents me from being agile. I know I keep on coming back to this.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Whereas if something's not an AI first product, you should care a lot about the margins because that is the durable future. Those are a few things that I think I would do and I would suggest to people to do. And I also think anything that prevents me from being agile. I know I keep on coming back to this.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Anything that prevents me from making a change, I would try to like write down and figure out how I eliminate. And maybe that means you don't provide guidance anymore. Maybe it means that you tell people like there's going to be a negative and then there's long-term going to be a positive.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Anything that prevents me from making a change, I would try to like write down and figure out how I eliminate. And maybe that means you don't provide guidance anymore. Maybe it means that you tell people like there's going to be a negative and then there's long-term going to be a positive.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Maybe it means that you tell your team that we're in the midst of a big change and like some things are not going to be as predictable. You have to be able to make the changes you need in the company and it's hard to predict those changes right now. And so I think you need to like give yourself the ability to be very, very, very nimble.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Maybe it means that you tell your team that we're in the midst of a big change and like some things are not going to be as predictable. You have to be able to make the changes you need in the company and it's hard to predict those changes right now. And so I think you need to like give yourself the ability to be very, very, very nimble.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is so easy to say when you're not in the seat. I want to recognize that. My response to that is you can't outsource your conviction, which means don't do it because somebody tells you. I do think before you come to that conclusion, you owe it to yourself to spend weeks or a month really trying to convince yourself that you're wrong.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is so easy to say when you're not in the seat. I want to recognize that. My response to that is you can't outsource your conviction, which means don't do it because somebody tells you. I do think before you come to that conclusion, you owe it to yourself to spend weeks or a month really trying to convince yourself that you're wrong.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Because I think this is the point that I feel most strongly about. Go figure it out for yourself as to what's actually happening with a lens of trying to break your prior thought on it. It's convenient to think that you can just gradually get into this.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Because I think this is the point that I feel most strongly about. Go figure it out for yourself as to what's actually happening with a lens of trying to break your prior thought on it. It's convenient to think that you can just gradually get into this.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is really convenient to think, I'll just figure it out later and I'll do it in a gradual way because that's just way easier for us to deal with as people. And I think anytime you have a convenient belief on something important, you should really examine it. And I think in this case, examine that convenient belief.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is really convenient to think, I'll just figure it out later and I'll do it in a gradual way because that's just way easier for us to deal with as people. And I think anytime you have a convenient belief on something important, you should really examine it. And I think in this case, examine that convenient belief.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And if you really, after a month of being super open-minded and really trying to break it, you come up with that, great, do it. But do it affirmatively. Don't do it because it's the convenient path that allows you to not have to change very much. You and I are both NBA fans.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

And if you really, after a month of being super open-minded and really trying to break it, you come up with that, great, do it. But do it affirmatively. Don't do it because it's the convenient path that allows you to not have to change very much. You and I are both NBA fans.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is really hard for an NBA team to be like really good for a long time and never bottom out before they get to be good again. It's really hard to just keep it going and reloading and reloading and reloading. It usually has a really painful period afterwards. I'm a Bulls fan. Look at the Bulls. Like, geez, it's very convenient to think maybe I'll just be able to do it both ways.

Invest Like the Best with Patrick O'Shaughnessy
Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

It is really hard for an NBA team to be like really good for a long time and never bottom out before they get to be good again. It's really hard to just keep it going and reloading and reloading and reloading. It usually has a really painful period afterwards. I'm a Bulls fan. Look at the Bulls. Like, geez, it's very convenient to think maybe I'll just be able to do it both ways.