Invest Like the Best with Patrick O'Shaughnessy
MurmurCast publishes AI-generated summaries of Invest Like the Best with Patrick O'Shaughnessy’s Podcast episodes — 7 summarized so far, covering Narrative and storytelling as capital allocation drivers, The 'billion-dollar PDF' concept, Timeline-native institutions and X/Twitter's role, Transition from billionaire to poster class as source of meaning, SaaS margin compression and compute economics, Market efficiency and beating the market. Each summary distills the key insights, topics, and takeaways so you can decide what’s worth your time before pressing play.
Jeremy Giffon - The Billion Dollar PDF - [Invest Like the Best, EP.481]
Jeremy Giffen discusses his observations from hundreds of conversations with founders and investors over 18 months, exploring how narrative and storytelling drive capital allocation, the dominance of timeline-native culture in shaping markets and politics, and the emerging 'poster class' as a new priestly class replacing billionaires as arbiters of meaning in society.
Etched - Building AI Hardware to Make Inference Faster and Cheaper - [Invest Like the Best, EP.480]
Etched founders Gavin Uberti and Rob Lockett discuss building the first AI inference chip by a post-ChatGPT startup, their architectural innovations in low-voltage inference and cluster-scale memory, and their philosophy of velocity, vertical integration, and aggressive risk-taking to capture what they believe will become the largest market in the world.
Vlad Barbalat - Investing $120 Billion in Permanent Capital - [Invest Like the Best, EP.479]
Vlad Barbalat, CIO of Liberty Mutual Investments' $120 billion platform, discusses how the mutual insurance structure enables unique long-term capital deployment, the importance of entrepreneurial culture in investing, and his journey from Soviet Moldova to building one of finance's most distinctive investment platforms.
Kareem Amin - Re-Enchanting the World - [Invest Like the Best, EP.478]
Patrick O'Shaughnessy interviews Kareem Amin, co-founder and CEO of Clay, a $4B software company. They discuss Clay's origin and growth, but spend most of the conversation exploring Amin's personal philosophy around courage, truth, justice, wholeness, risk, and what it means to build a company with integrity and self-awareness.
Darren Farber on Iran, China, and the Rise of Neoprimes - [Invest Like the Best, EP.474]
Darren Farber, managing partner of Albion River defense investment firm, discusses the Iran contingency, defining 'winning' in modern warfare, the state of the US military and industrial base, China's strategic weaknesses, and the rise of neoprime defense companies. He analyzes martyrdom cultures, magazine depth, procurement reform needs, and how AI disinformation could corrupt military decision-making systems.
Gavin Baker - Watts and Wafers - [Invest Like the Best, EP.473]
In this episode, Gavin Baker discusses the significant impacts of AI on the economy, emphasizing the importance of energy (watts) and semiconductor capacity (wafers) in shaping the future of AI technology. He shares unique insights on the valuations of AI companies, the dynamics of competition, and geopolitical implications.
Krishna Rao - Anthropic's CFO on Compute, Scaling to $30B ARR, and the Returns to Frontier Intelligence - [Invest Like the Best, EP.472]
Krishna Rao, CFO of Anthropic, discusses the company's compute strategy, explosive revenue growth from $9B to $30B ARR in a single quarter, and the thesis that returns to frontier AI intelligence are exceptionally high in enterprise. He explains how Anthropic uses three chip platforms fungibly, navigates a 'cone of uncertainty' in forecasting, and why the company's culture of intellectual humility and collaboration has been a key competitive advantage.