Timeless Investing and Life Lessons with Jim O’Shaughnessy

Welcome to Excess Returns, where our goal is to make you a better investor. If you enjoy this video, please like and subscribe to get more videos like it and to help us reach more investors like you.
In this week's episode we are privileged to be joined by Jim O'Shaughnessy. Jim is a pioneer in quantitative investing and the founder of O'Shaughnessy Asset Management. He is also the author of the best selling book What Works on Wall Street, which is now on its 4th edition and is considered by many to be the definitive guide to factor-based investing.
In this discussion, we get Jim's takes on a wide range of topics both in and outside the investing world.
We discuss:
[1] The recent struggles of value investing and what it means for the future
[2] The process of updating an investment strategy over time while still adhering to your core principles
[3]The role that investor behavior should play in the construction of investment strategies
[4] The advice Jim would give to new parents based on his experience raising 3 children
[5] The long-term changes that the current COVID-19 crisis might have on the way people work in the investment industry
We hope you enjoy the discussion.
MORE INFO ON O'SHAUGHNESSY ASSET MANAGEMENT
osam.com
FOLLOW JIM ON TWITTER
/ jposhaughnessy
OSAM ORIGINAL RESEARCH MENTIONED IN THE PODCAST
Change Your Focus Change Your Future
osam.com/pdfs/research/_41_Co...
A Generational Opportunity
osam.com/Commentary/pdfsresea...
Inflation and the US Bond and Stocks Markets
osam.com/Commentary/inflation...
Factors from Scratch
osam.com/Commentary/factors-f...
Value Is Dead, Long Live Value
osam.com/Commentary/value-is-...
A History Opportunity in Small Cap Stocks
osam.com/Commentary/a-histori...
ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.
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FOLLOW JACK
Twitter: / practicalquant
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Twitter: / jjcarbonneau
LinkedIn: / jcarbonneau

[@rocking1313]

Jim came across as a well-rounded asset manager who doesn't hesitate calling a spade a spade. Great discussion!

[@KN-ml2gp]

Thanks for the great interview!

[@ExcessReturns]

Jim is a wealth of knowledge and a very nice guy. Glad you enjoyed the interview. We did as well.

[@Fantistisch]

The sound was a bit quiet in my opinion, except that: Great episode, thanks! I would love to hear more about how to adapt / change the strategy over time.

[@ExcessReturns]

Thank you. We have continued to improve the sound quality over time, testing different mics and recording programs but we appreciate the feedback and are always looking to improve. On our channel we may have something on the adaptability of investment strategies but let us look and if we find anything that jumps out we will let you know.

[@IM1THE2KING3]

Polling. All in calls or puts this week?

[@mynameisdj1]

19:18 value struggle