Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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]

We did really well.

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

And we're like, okay, let's put all our chips in the middle of the table.

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

And Bankrate was our first big acquisition at the time, you know, on creditcards.com, the points guy, Bankrate, and

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

a bunch of other miscellaneous assets.

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

And it was our first, okay, we're in the big leagues now and we have a lot of debt.

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

There's quite a lot of glossing over going from $2 million paying back your investors to a billion and a half dollar acquisition.

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

This is a decade.

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

But I'd love to dig into some degree.

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

What would you credit your early operating success with?

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

Obviously, you got to that scale early.

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

on an unusual way with not a lot of outside backing and control of your own destiny and permanent capital and all these things.

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

So if you think back on that specific chapter, what was going on?

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

What were the things you were doing or the way you were doing those things that made it possible?

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

It's a strange story.

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

Survival, to some extent.

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

When you spend the first four years, two little kids, both of us, not taking any money home, humility, understanding that this could change easily.

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

Early on, we would meet with our 80 employees, call it 2007 and 8, and we were now making money.

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

millions of dollars of profit.

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

And I will say, oh, I enjoy this.

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

These are the good old days.