Patrick O'Shaughnessy
21 statements across 4 episodes · 9 bullish · 4 bearish · 3 people on the record · first statement May 2, 2017 by Patrick O'Shaughnessy · said 22 times in 17 episodes since 2017 · across every show →
On the record as a speaker too: Patrick O'Shaughnessy's record, appearances and statements → this page counts the times other people say the name.
Mentions by year
brought up most by Ted Seides (12), Morgan Housel (2), Josh Brown (2), Tom Lydon (1), Khe Hy (1), Jenny Heller (1), Gavin Baker (1), David Rosenthal (1)
tap a year for its mentions
2026 1 mention in 1 episode
2025 2 mentions in 2 episodes 1 per episode
2024 5 mentions in 3 episodes 2 per episode
2022 1 mention in 1 episode
2021 5 mentions in 5 episodes 1 per episode
- Jennifer Heller – Beginner's Mind with Professional Wisdom at Brandywine (Capital Allocators, EP.211)
- Crypto for Institutions 4: Ari Paul – Exploiting Inefficiencies in Crypto Trading (Capital Allocators, EP.183)
- Crypto for Institutions 3: Seth Ginns – Investing Beyond Bitcoin (Capital Allocators, EP.182)
- Crypto for Institutions 2 – Michael Sonnenshein – A Path to Entry (Capital Allocators, EP.181)
- Crypto for Institutions 1: Eric Peters – The Macro Case for Bitcoin (Capital Allocators, EP.180)
- every mention in 2021, scene by scene →
2018 3 mentions in 2 episodes 2 per episode
Everything said about Patrick O'Shaughnessy, oldest first
May 2, 2017 neutral
O'Shaughnessy: Alpha in financial markets depends strictly on relative skill
“Really all that matters in markets is relative skill. That if you've got, you know, 10 PhDs in a room, maybe 3040 years ago, that meant you were going to earn enormous alpha. But now everyone has those 10 PhDs, and they're fighting against each other. It's a r…”
Jun 10, 2019 negative
Jun 10, 2019
Jun 10, 2019 positive
O'Shaughnessy: Publicly sharing quant findings produces stronger signals via feedback
“In quant research, this is really interesting, which is that you actually get a stronger signal. We found when you share your general findings, not necessarily the code or the particulars, but the general findings with a broad audience, then all of a sudden yo…”
Jun 10, 2019 bearish
O'Shaughnessy: High quality metrics do not generate excess returns; low quality destroys them
“In the quantitative sense, high ROEs or gross profitability or whatever your measure of quality is really isn't indicative of strong future excess returns. What's really useful about quality is that very bad quality, so really over levered balance sheets, comp…”
Jun 10, 2019 negative
O'Shaughnessy: OSAM Failed Three Times Attempting Short Strategies Internally
“We've done it with our own capital three times and failed miserably each time, not an absolute return sense, but certainly an opportunity cost sense because it's been during this great run up. So we've lost a lot of return with our own capital trying to do thi…”
Jun 10, 2019 neutral
O'Shaughnessy: Key Investment Factors Historically Succeeded in Only 60-70% of Single Years
“In our research, luckily, those categories are honestly straightforward and simple. They're things like valuation, things like momentum, quality, return of capital. They're not crazy concepts. You just have to apply them with a lot of discipline, and I think t…”
Jun 10, 2019 positive
O'Shaughnessy: No asset manager is applying tech platform principles holistically
“Asking whether or not we can apply those principles to a very simple old school asset management business. And the answer, at least in my view, unequivocally so far as yes, and nobody else is doing it. Or at least they're not doing it holistically as part of h…”
Jun 10, 2019 bearish
O'Shaughnessy: Borrow Costs and Volatility Eliminate Quantitative Short Paper Alpha
“Most of the stuff that screens as screaming shorts and in a paper portfolio works incredibly well. You have incredible problems with borrow availability, with borrowing cost, which often instantly removes the paper alpha and with volatility.”
Jun 10, 2019 positive
O'Shaughnessy: Momentum forecasts fundamental growth better than valuation multiples
“What fascinates me about this is momentum does a better job of forecasting future fundamental growth than price does. So the highest momentum decile has better future fundamental growth than the most expensive, let's say PE decile or free cashflow yield decile…”
Jun 10, 2019 bullish
Jun 10, 2019 positive
O'Shaughnessy: Factor Strategies Like Momentum Should Never Be One-Off Trades
“So unless you really buy into these concepts at a deep level and are willing to stick with them through cycles, I think you probably shouldn't apply them at all. You shouldn't apply momentum into a one off trade. You should apply it in the right way systematic…”
Jun 10, 2019 neutral
O'Shaughnessy: Equity returns only stem from growth, multiple expansion, or capital returns
“When you're holding for that long, and you think about equities at an elemental level, I think there's just three ways to earn return. The businesses you own grow. In sales, earnings, EBITDA, whatever it is, free cash, the multiples of those fundamentals expan…”
Jun 10, 2019
Jun 10, 2019 positive
Jun 10, 2019 bullish
O'Shaughnessy: Companies buying back 5%+ shares annually historically outperform peers
“Super normally high buyback yields, and a simple definition of this might be a company which is buying back five percent of its shares or more in a one-year period of time, which is a lot. That's a big deployment of capital. That kind of company historically h…”
Jun 10, 2019
O'Shaughnessy: Best quant researchers are defined by extensive failure experience
“The best way to know that someone's going to be an effective and efficient researcher going forward into the future is that they know what not to do. And I think the only way to do that is to build up that experience of failure through time.”
Jun 10, 2019
Jun 10, 2019 positive
O'Shaughnessy: OSAM Strictly Prohibits Researchers From Discarding Failed Studies
“And in our case as a business building, we've got a pretty strict rule around OSAM when it comes to building. You can't just do a research study and if it doesn't work, just like forget about it. You need to bring it into our ecosystem in a way that can be use…”
Jan 1, 2024 neutral
Housel: Outlier Founders Like Musk and Bezos Are Tortured, Not Ambitious
“Patrick said the phrase that he would use to describe their personality is not driven by It's not ambitious. It's tortured. They wake up every morning tortured that they are not more successful, bigger, richer than they are. And I think that's true for virtual…”
Mar 2, 2026 bullish
Baker: A high-IQ social following sharpens investment ideas and drives venture deal flow
“Our friend Patrick O'Shaughnessy has said having a big
High IQ following is actually a superpower, and it really is. So I think for sharpening your ideas, it's incredible. Then there's a whole nother dynamic. It really matters for deal flow.”