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Patrick O'Shaughnessy is the Chairman Emeritus of O'Shaughnessy Asset Management, the founder of Colossus, and the founder and CEO of Positive Sum. He is an investor, author, and podcaster who has dev...
Patrick O'Shaughnessy and David Senra explore the organizing principles that drive their work and lives. O'Shaughnessy reveals his core principle: discovering unrealized talent and championing it before others do, which informs everything from his podcast to his venture investments. They discuss the transition from goal-oriented thinking to principle-based living, the importance of deep relationships over superficial networking, and why O'Shaughnessy launched a long-form magazine in 2025 when everyone else is doing podcasts. The conversation reveals how both have architected their careers around service to others rather than traditional metrics of success.
O'Shaughnessy explains his organizing principle: finding talented but unknown people, developing relationships with them, and using all his resources to champion them. He describes how this principle emerged from a passage in the Upanishads at age 26 that fundamentally shifted his worldview to focus on helping others. This principle now informs every decision he makes, from investing to media to team building.
Senra recounts the pivotal moment when O'Shaughnessy tweeted about Founders podcast to his high-net-worth audience, causing an explosion of subscribers overnight. This story illustrates O'Shaughnessy's principle in action - he discovered quality content with minimal audience and immediately used his platform to champion it, fundamentally changing Senra's trajectory.
O'Shaughnessy explains why he doesn't have goals and instead operates on principles, inspired by Bret Victor's 'Inventing on Principle' talk. He argues that talented people achieve their goals but miss opportunities in the periphery, while principle-based living allows for serendipity. The discussion covers how to find your principle and why it takes years to articulate.
O'Shaughnessy warns about the trap of chasing money, power, and fame instead of 'abiding joy' - the feeling of being alive that never runs out. He discusses how these worldly proxies for success are intoxicating but ultimately unfulfilling, while the feeling of being alive is renewable and should guide all decisions.
O'Shaughnessy challenges the conventional wisdom that health comes first, sharing his experience of having severe health problems despite perfect diet and exercise. His health only improved when he got his work and relationships right, suggesting that doing what you love and having great relationships is the foundation of health.
Senra shares insights from Springsteen's autobiography about a man psychopathically obsessed with professional achievement who achieved everything he wanted, then fell into deep depression. Springsteen's realization that 'life is more important, work is part of life' and his 25-year therapy journey offers lessons about developing emotional skills alongside professional ones.
The discussion explores the difference between 'clean fuel' (generative, love-based motivation) and 'dirty fuel' (negative, pain-based motivation). While dirty fuel works and drives many successful founders, it consumes the person. O'Shaughnessy advocates for working backwards from what you want to be true at the end of life.
O'Shaughnessy explains the counterintuitive decision to launch Colossus magazine and write long-form profiles when everyone else is doing podcasts. He discusses how profiles are 'really hard to make' which makes them valuable, the power of giving someone a magazine cover, and why he hopes the magazine becomes bigger than his podcast.
Both discuss their approach to finding talent: consume massive volume of the thing you want made, identify who made the best one, and hire them. This led O'Shaughnessy to Jeremy Stern after reading his Palmer Luckey profile in Tablet. They also cover Charlie Munger's advice: don't hire for potential, find someone already great and ask them to do it for you.
O'Shaughnessy reveals he hopes Colossus magazine becomes much bigger than his podcast because it means hiring more talented people, creating more content he can enjoy, and championing more people. This counterintuitive preference perfectly illustrates his core principle of service and championing others over personal recognition.
Patrick O'Shaughnessy, Colossus & Positive Sum | David Senra
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