SHOW DIRECTORY
Invest Like the Best
Deep conversations with investors, founders, and operators about business quality, capital allocation, strategy, and enduring competitive advantage.
BIDCLUB DESCRIPTION
Finding The 1% of Stocks That Matter | Henry Ellenbogen Interview
Patrick O'ShaughnessyHenry Ellenbogen
Ellenbogen’s research found that about 40 stocks—roughly 1% of the market—compound at 20% annually over rolling 10-year periods, with 80% starting as small caps.Durable concentrates on these outliers as machines dominate short-cycle flows, while AI reshapes knowledge labor and robotics could deflate costs 15–20% annually, making company adaptation and drawdowns key watchpoints.
How a16z Growth Invests
Patrick O'ShaughnessyDavid George
George argues consumer AI’s monetization ceiling remains unproven: ChatGPT likely reached Google’s scale roughly 4x faster, with a billion users but fewer than 50 million monetized.His broader signal is that markets still underprice growth above 30%, while AI’s winners may be concentrated at the leader or fragmented across the model layer, making business models and robotics timelines key risks to monitor.
Darren Farber - The Business of Defense - [Invest Like the Best, EP.417]
Patrick O'ShaughnessyDarren Farber
Defense is repricing its 80-year security bargain, but the investable bottleneck remains replacing legacy programs rather than the headline $858 billion budget.Commercial technology, autonomous mass, and industrial scale can create overmatch, while Farber favors one-of-one suppliers near the molecule, backed by long contracts, low replacement cost, and reinvestment rather than prototype novelty alone.