Ric Elias - The Art of Living Well - [Invest Like the Best, EP.388]
episode
Invest Like the Best with Patrick O'Shaughnessy
1h 24m
3 speakers
8 chapters
transcribed 26 days ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is Ric Elias’s big dream for Red Ventures?
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My guest today is Rick Elias. Rick is the CEO and co-founder of Red Ventures, which has a portfolio of fast growing digital businesses like Lonely Planet, the Point Sky, Bankrate, and large investments in a variety of other businesses across industries. He began Red Ventures in the year 2000 and has grown it to a global company with thousands of employees. Rick walks us through the early struggles that have led to a now flourishing investment platform, but mostly this episode is. Masterclass on cultural values and philosophies that transcend mere financial gain. We discuss the difference between living good and well, the power of forgiveness, and compounding more than just your capital. Rick's story is one of resilience, humility, and grace.
His story about being in the front row of the plane that Captain Sully landed in the Hudson is singular and moving. Please enjoy this great conversation with Rick Elias. So just before we came in here, you and I did something together on stage and then I was talking to Carlos on your team and he asked me whether or not and how I prepare for these things. And I told him the truth, which is that in some literal sense I don't prepare. I don't sit down and think about them right ahead of them. But in some other sense, I prepare all the time because I end up talking to people that I'm most interested by. And curious about and have met before, usually like you and I have met before. And that the only thing I prepare is the first question.
And I usually do that about five minutes ahead of time. But I hadn't done that. And so I actually asked Carlos to give me the first question that I'll ask. This first one comes from Carlos, but I love it. You cheated. So I'm using it and I cheated. I like it. Carlos' question in mine is what is the big dream? Yeah. My big dream
is to live in a state of well being most of the time and to s have a sense of lifelong satisfaction when the end comes. So it's really very internal versus something that gets accomplished or left behind.
We're gonna pick that apart in detail, but go down one level. Sure. What is the Red Ventures big dream?
We've been on this journey for 24 years. And in one sense, it feels like we're about to go on a on another 10-year journey of reinventing ourselves. Red Ventures over time hopefully becomes a place where a lot of this whatever success we've had gets put back into the system. So more of a full circle versus a full line to the right or to the left. Left or down, but I still think that we're years or decades away from the right.
From that. Can you tell us what it is?
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Chapters
8 chapters
1
What is Ric Elias’s big dream for Red Ventures?
0:00–13:10
2
How did Red Ventures get its start and overcome early challenges?
13:10–25:23
3
What cultural principles drive Red Ventures’ company culture?
25:23–36:41
4
How did the Hudson River plane‑landing experience reshape Ric’s view on life?
36:41–46:20
5
What does Ric say about the difference between being good and being well?
46:20–55:07
6
How is Red Ventures investing in people and rebuilding Puerto Rico?
55:07–1:03:00
7
What leadership lessons does Ric share about forgiveness and humility?
1:03:00–1:13:26
8
What future opportunities and AI trends does Ric see for Red Ventures?
1:13:26–1:24:13
Speakers
3 identifiedMore from Invest Like the Best with Patrick O'Shaughnessy
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