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Ric Elias

๐Ÿ‘ค Speaker
1377 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

So if we go back to the very beginning, something worked.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

You and your team were awesome investors or trend spotters or operators or some combination of those things, probably maybe some luck sprinkled in, which is true for all of us.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

How did it start?

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

What was the origin story?

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

Look, I think we're more lucky than sprinkle luck.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

I've always believed that.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And if I look back in our journey,

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

Dan and I started this company in January 2000.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

Dan and I worked together before this at a company called Sendin CUC.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And we really started with two principles in mind.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

One was, let's build a company we will wanna work for.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And Dan and I are not typical.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

We're very different in hopefully good ways, but we both are of the same opinion that life is to be lived with enjoyment and that we will wanna work at a place or build a place that we will wanna go work every day so we never have to work.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

True definition of being an entrepreneur.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And then the second one, and I think we said it at the time without really understanding it, which was a company that would outlast us.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And even though we would want to do this for a long time, Dan retired about a year ago, a company that would outlive us.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

What I have come to realize is it will outlive us through the people that get trained in our platform, not as a company itself.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

And then many of the businesses hopefully are here for decades to be.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

But that really were our basic principles.

Invest Like the Best with Patrick O'Shaughnessy
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]

So when you start with that, the business plan was completely flawed.