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Jim O'Shaughnessy Profile
Jim O'Shaughnessy

@jposhaughnessy

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Greenwich, CT/NYC, NY
Joined April 2009
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@jposhaughnessy
Jim O'Shaughnessy
1 year
🚨O'Shaughnessy Ventures LLC website is LIVE🚨 I'm delighted to announce you can now see what we've been working on! A HUGE thank you to the entire @osventuresllc team for pulling this off. Check it out! 👇🏻
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@jposhaughnessy
Jim O'Shaughnessy
6 years
1/ I have been a professional investor for over 30 years. What follows is some things I think I know and some things I know I don’t know. Let’s start with some things I know I don’t know.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/ One reason we can't have nice investment strategies--a thread. The brightest people I have met share a superpower that would serve investors well—the ability to make inherently complex things simple and understandable. And yet, most humans naturally equate complexity
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/ If you can change your focus, you can change your future. Don’t spend a minute worrying about something that you can’t control. If something can’t be changed by you taking direct action, put it out of your mind. Today’s society is overrun with useless distractions
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@jposhaughnessy
Jim O'Shaughnessy
5 years
@JessicaFastball @Misnomer Tony Bennett, are you eyeballing me? How 'bout we take this outside?
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@jposhaughnessy
Jim O'Shaughnessy
4 years
1/ Why you need to document things to improve your decision-making, a thread: "The first principle is that you must not fool yourself and you are the easiest person to fool." ~Richard P. Feynman Feynman is one of my heroes, a brilliant physicist who was also a renaissance man
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@jposhaughnessy
Jim O'Shaughnessy
1 year
Things you learn as you get older: Other people are far less interested in you than you think they are.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
"Take a simple idea and take it seriously." —Charlie Munger Doing a few pushups each day is a simple idea. Saving at least 10% of your income is a simple idea. Sending Thank You notes is a simple idea. ...but most people don't take simple ideas seriously. – @JamesClear
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Well finally, some clarifying information:
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@jposhaughnessy
Jim O'Shaughnessy
3 years
The stock market is a complex, adaptive system with feedback loops. Opinions are normally heterogeneous, with investors buying/selling for varying reasons. Sometimes,the feedback loops change to information cascades, changing opinions to homogeneous, causing bubbles and crashes
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@jposhaughnessy
Jim O'Shaughnessy
3 years
My wife @mwoshaughnessy just gets me. For my birthday, she decided to help me sort my journals in a more systematic manner.
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@jposhaughnessy
Jim O'Shaughnessy
2 years
@BrianFeroldi @bgurley Old joke on earnings: Company hiring new CFO, asks only one question to each candidate: "What's 2+2=?" Everyone except the person they hired answered 4. The guy they hired replied: "What number did you have in mind?"
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@jposhaughnessy
Jim O'Shaughnessy
4 years
$93,170 U.S. #SavedYouAClick
@CNBC
CNBC
4 years
Here's how much money you need to be among the richest 10% of people in the world. (via @CNBCMakeIt )
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@jposhaughnessy
Jim O'Shaughnessy
6 years
Things you learn as you get older: Other people are far less interested in you than you think they are.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
"There are 3 primary drivers of results in life: 1) Your luck (randomness). 2) Your strategy (choices). 3) Your actions (habits). 2 of the 3 are under your control. But if you master those 2, you improve the odds that luck will work for you, not against you." – @JamesClear
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Welp, where did all the time go? Freshman year at UCSD.
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Two thoughts from Matthew McConaughey “Life is not fair, it never was and it is now and it won’t ever be. Do not fall into the trap. The entitlement trap, of feeling like you’re a victim. You are not.” “Life is a series of commas, not periods.”
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@jposhaughnessy
Jim O'Shaughnessy
1 year
"Tell a man that there are 400 billion stars and he'll believe you. Tell him a bench has wet paint and he has to touch it." ~Steven Wright
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@jposhaughnessy
Jim O'Shaughnessy
6 years
Investors: Your "morning routine" doesn't matter; Finding "clever hacks" won't help you; Reading lists of the "10 things all successful people" do won't help you. Watching "motivational videos" won't help you. What will? Controlling your emotions, being patient and persistent.
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@jposhaughnessy
Jim O'Shaughnessy
3 years
1/ Why You Should Write Letters to Your Kids as They Grow--A thread I've noticed a lot of FinTwiters having babies. Congratulations! I'd like to recommend you get into a habit early, and start writing letters to them that you can give them at some milestone, like turning 21.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
@TomMunns1 @EWErickson No wonder he has a hard time relaxing.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
Markets change minute-by-minute. Human nature barely changes millennium-by-millennium. There's your edge.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
If you find yourself thinking, “without X, I’ll never be happy. Or “without attaining Y, I’ll never feel like a success.” My experience has taught me, regardless of what X and Y are, you’ll never be happy or feel like a success. Don’t make your life conditional.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
One area where investors have an advantage over chess players: In chess, there is a term called zugzwang, which means that even though the *best* move is to *not* move, the game compels the player to do so, often putting him at a disadvantage. Investors are free to not move.
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@jposhaughnessy
Jim O'Shaughnessy
2 years
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@jposhaughnessy
Jim O'Shaughnessy
1 year
@Codie_Sanchez Or, alternatively, get a friend who's also an Uber driver...
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@jposhaughnessy
Jim O'Shaughnessy
5 years
"If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed." ~Mark Twain
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@jposhaughnessy
Jim O'Shaughnessy
1 year
"Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something." ~Robert Heinlein
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@jposhaughnessy
Jim O'Shaughnessy
3 years
"You are what you do, not what you say you’ll do." ~Carl Jung
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@jposhaughnessy
Jim O'Shaughnessy
2 years
I love seeing people like @tseke retaining their agency and DOING rather than saying, best of luck. Actions>Words
@SaveSoilAcharya
Aditya Acharya
2 years
Greetings Jim, @tseke , is criss-crossing Africa with a walk on foot spanning over 10,000 kilometres to raise awareness about the #SaveSoil movement initiated by @SadhguruJV . Your cheer and support for him would serve as a great boost of enthusiasm for him! @jposhaughnessy
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@jposhaughnessy
Jim O'Shaughnessy
4 years
"Not taking things personally is a superpower." – @JamesClear
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@jposhaughnessy
Jim O'Shaughnessy
2 years
"We hang the petty thieves and appoint the great ones to public office" ~Aesop (~550 BC)
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@jposhaughnessy
Jim O'Shaughnessy
1 year
1/🚨 @osventuresllc names first Entrepreneur in Residence 🚨 I'm delighted to announce that @kylascan has joined OSV as our first entrepreneur in residence! Kyla has a strong background in finance, economics, and data analytics, having triple majored in these
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@jposhaughnessy
Jim O'Shaughnessy
2 years
"Be wary of the man who urges an action in which he himself incurs no risk." ~Lucius Annaeus Seneca
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@jposhaughnessy
Jim O'Shaughnessy
6 years
26/Finally, while I think I know that everything I’ve just said is correct, the fact is I can’t know that with certainty and that if history has taught us anything, it’s that the majority of things we currently believe are wrong.
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@jposhaughnessy
Jim O'Shaughnessy
2 years
Wow! Jai Solanki( @Samrjai ) and Miear Yadav( @themiearyadav ) undertook a historic walk across India covering 3600km, 43 cities and 6 states in 5 months. Incredible!
@SaveSoilAcharya
Aditya Acharya
2 years
Greetings @jposhaughnessy 🙏 A duo of people, Jai Solanki( @Samrjai ) and Miear Yadav( @themiearyadav ) undertook a historic walk across India covering 3600km, 43 cities and 6 states in 5 months. It would be truly inspiring for the duo to have your shoutout!
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/ Markets change minute-by-minute. Human nature barely changes millennium-by-millennium. There's your edge. How To Arbitrage Human Nature: A thread
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/ I seem to be easily triggered by lists of "what every successful entrepreneur does in the morning" or "10 common traits all millionaires share" or "six things you need to know before the market opens." They MUST be popular, or the clickbait farms wouldn't publish them.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
Point drops in any index, be it the DJIA or the S&P 500, are meaningless. All of these "3rd largest (point) drop in history" stories are meant to mislead and scare you. Don't let them. The only thing that matters is by what percentage did an index or stock decline or advance.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
1/ Daniel Kahneman, one of the fathers of behavior economics, said one of his favorite papers was “On the Psychology of Prediction (1973).” He claims in the paper that intuitive predictions are often unreliable because people base their predictions on how well an
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/ Some book recommendations: Rules of the game: many people are asking me for investing book recommendations and I finally felt guilty enough to actually put together a list. BUT--this is a first instalment and these were the books that literally came to mind. Not definitive.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
1/ I believe that the highest probability bet you can make in your investment strategy is that human nature will remain a constant for the foreseeable future. For my book “Predicting the Markets of Tomorrow”, I analyzed nearly 200 years of data
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@jposhaughnessy
Jim O'Shaughnessy
5 years
Protests are getting more and more specific.
@SamRo
Sam Ro 📈
5 years
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Two thoughts from Milton Friedman "Inflation is the one form of taxation that can be imposed without legislation." “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
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@jposhaughnessy
Jim O'Shaughnessy
3 years
BOOM! Mystery solved.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
I'm not a marketing guy, but this impressed me as the right way to approach it. Worth the 6 minutes to watch.
@ValaAfshar
Vala Afshar
4 years
All marketing professional should watch this brilliant short clip by Steve Jobs, via @larrykim
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@jposhaughnessy
Jim O'Shaughnessy
2 years
22. If you find yourself thinking, “without X, I’ll never be happy. Or “without attaining Y, I’ll never feel like a success.” My experience has taught me, regardless of what X and Y are, you’ll never be happy or feel like a success. Don’t make your life conditional.
@SahilBloom
Sahil Bloom
2 years
21 lessons learned in 2021:
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Twitter pro tip: If you don't know the right answer to something, simply post the wrong answer on Twitter.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
😂😂Really Officer, really!?
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Celebrating my grandson Pierce's 7th Birthday!
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@jposhaughnessy
Jim O'Shaughnessy
5 years
“‘At the federal level I am a Libertarian. At the state level, I am a Republican. At the town level, I am a Democrat. In my family I am a socialist.” ~ @nntaleb
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@jposhaughnessy
Jim O'Shaughnessy
5 years
Intelligent people are: Messy✅ Stay up late✅✅ Curse a lot✅✅✅ Where do I pick up my goddamn Nobel?
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@jposhaughnessy
Jim O'Shaughnessy
4 years
So forgive me if I'm being provincial or naive, but shouldn't this story at least be trending on @twitter ? Have we become so jaded and inured that all we do is 🤷🏻‍♂️
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@jposhaughnessy
Jim O'Shaughnessy
5 years
Oh dear. How more early 80's could I be? Tie clip? Check. White collar and cuffs with different color shirt? Check. Smoking!? Check. I could have been an extra in "Trading Places" or "Wall Street."
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@jposhaughnessy
Jim O'Shaughnessy
3 years
🧐🤔🤨
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@jposhaughnessy
Jim O'Shaughnessy
4 years
"Most topics are not worth having an opinion about." - @JamesClear
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@jposhaughnessy
Jim O'Shaughnessy
6 years
Here's the link to my @googletalks : Along with the slides I used for the presentation:
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@jposhaughnessy
Jim O'Shaughnessy
3 years
My daughter Lael got married last night! And we're 3/3 in loving the spouses our children married, and, almost inconceivable, their families as well. Feel very blessed and lucky!
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Quarantine fun with my grandkids
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@jposhaughnessy
Jim O'Shaughnessy
4 years
“The grumpier you are, the more assholes you meet.” ~Banksy
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@jposhaughnessy
Jim O'Shaughnessy
2 years
In an effort to improve on ⁦ @tferriss ⁩ work, I’m trying the 4-hour work month.
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@jposhaughnessy
Jim O'Shaughnessy
2 years
I inherited this solid walnut desk from my grandfather, it’s getting past 100 years old quite nicely. Boy, they used to build shit to really last!
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@jposhaughnessy
Jim O'Shaughnessy
4 years
1/ As anyone who follows me, you know I'm a big fan of the philosopher/enlightenment author Jed McKenna. For people who've read him, I thought a list of movies that particularly help illustrate his ideas and encourage more thought would be fun for your lockdown list, so:
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Evergreen advice
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Wow. This popped up on Facebook. This is my mom when she was young. She died in 1989 and I still miss her.
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@jposhaughnessy
Jim O'Shaughnessy
2 years
“Water is fluid, soft, and yielding. But water will wear away rock, which is rigid and cannot yield. As a rule, whatever is fluid, soft, and yielding will overcome whatever is rigid and hard. This is another paradox: what is soft is strong.” ~Lao Tzu, "Tao Te Ching"
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@jposhaughnessy
Jim O'Shaughnessy
6 years
New phrase for me. My wife, @mwoshaughnessy , used it last night to describe someone: Askhole: A person who is always asking for your advice but then never follows it. 😂😂
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@jposhaughnessy
Jim O'Shaughnessy
2 years
“The ordinary man places his life's happiness in things external to him, in property, rank, wife and children, friends, society, and the like, so that when he loses them or finds them disappointing, the foundation of his happiness is destroyed.” ~Arthur Schopenhauer
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@jposhaughnessy
Jim O'Shaughnessy
3 years
"People are strange: they are constantly angered by trivial things, but on a major matter like totally wasting their lives, they hardly seem to notice." ~Charles Bukowski
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@jposhaughnessy
Jim O'Shaughnessy
5 years
15/ and then move on to try and convince everyone else. Also remember, the more certain they sound, the less certain you should be. Successful investing is simple, but, boy oh boy, it ain't easy.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Totally agree.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
The only person you're hurting when you get continually 'outraged' about events outside your control is yourself. Continual anger is a poison that if it were in a bottle with a skull & crossbones ☠️ on it, you would never drink.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
What's old is new again.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
1/ What now? A Thread So, we find ourselves in an awful situation, not of our making, but we must accept the hand that we've been dealt and play the cards as best we can. Assuming that everyone reading this has taken all of the recommended precautionary measures--aggressive
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@jposhaughnessy
Jim O'Shaughnessy
4 years
😂😂Mostly accurate, IMO:
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@jposhaughnessy
Jim O'Shaughnessy
3 years
I can’t shake the nagging feeling that I should have done more with this 🤔
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@jposhaughnessy
Jim O'Shaughnessy
1 year
Old joke: a company hiring a new CFO, asks only one question: "What's 2+2=?" All applicants answered "4," except for the person they hired, who answered: "What number did you have in mind?"
@NeckarValue
Frederik Christopher Gieschen
1 year
For all the new bank balance sheet analysts.. Buffett: "Accounting is not quite the science that people might want you to [believe]." "I became interim chairman of Salomon in 1991. They came to me, “We have this item, $180 million. This is a plug number."
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Sunday Funday with my grandkids!
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@jposhaughnessy
Jim O'Shaughnessy
4 years
In your estimate, what % of other people's thoughts are original?
@EricJorgenson
Eric Jorgenson 📚 ☀️
4 years
In your estimate, what % of other people's thoughts are original?
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@jposhaughnessy
Jim O'Shaughnessy
4 years
😂😂
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@jposhaughnessy
Jim O'Shaughnessy
4 years
I'm old enough to remember all of the dire forecasts of "peak oil" and how we were all doomed. I will continue to bet on human ingenuity and innovation.
@adam_tooze
Adam Tooze
4 years
US exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September = 1st full month of a positive oil trade balance since the 1940s. Ten years ago imports exceeded exports by 12m barrels a day a decade ago.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
The stock market is a complex, adaptive system with feedback loops. Under normal market conditions, where people's beliefs are heterogeneous, market's behave normally. However, during extremes, people's beliefs become homogeneous, causing information cascades.
@RampCapitalLLC
Ramp Capital
5 years
Tell me something I don’t know
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Happy Mother's Day! Although I lost her in 1989, I still miss her.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
Blast from the past--my first visit to Wall Street at age 22, in 1982, right before the start of the monster rally in stocks.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
9/Massive amounts of data have documented that while the world is very chaotic, the way humans respond to things is fairly predictable.
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@jposhaughnessy
Jim O'Shaughnessy
5 years
1/Successful Active Investors Have a Strong Mental Attitude. “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” ~Thomas Jefferson
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@jposhaughnessy
Jim O'Shaughnessy
4 years
Whole family birthday celebration, here with my grandson Pierce
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@jposhaughnessy
Jim O'Shaughnessy
6 years
If you want to succeed as an investor, don't imitate anyone. Read, study, learn, and synthesize the knowledge so that your plan uniquely reflects you. I can guarantee the "Warren Buffett" of 2038 will have gotten there via a much different road.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
3/I DO know that, according to Forbes, “since 1945…there have been 77 market drops between 5% and 10%...and 27 corrections between 10% and 20%” I know that market corrections are a feature, not a bug, required to get good long-term performance.
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@jposhaughnessy
Jim O'Shaughnessy
6 years
Don't "build a personal brand" build your life by taking actions aligned with your thoughts. Be consistent and persistent; don't let short-term setbacks stop you, have grit and keep going. Then, one day, you'll find you don't need a "brand" because you will be enough.
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Blast from the past! Note the date.
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Jim O'Shaughnessy
1 year
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@jposhaughnessy
Jim O'Shaughnessy
6 years
15/I know that, as a professional investor, if my goal is to do better than the market, my investment portfolio must look very different than the market. I know that, in the short-term, the odds are against me but I think I know that in the long-term, they are in my favor.
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@jposhaughnessy
Jim O'Shaughnessy
3 years
Two thoughts from Marcus Aurelius “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” “Don't go on discussing what a good person should be. Just be one.”
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@jposhaughnessy
Jim O'Shaughnessy
6 years
These "if you'd invested, you'd have $xxx dollars" memes are incredibly destructive to investor behavior. They encourage hindsight bias by making it seem like it was incredibly easy to know what the stock would have done. It wasn't then, it isn't now.
@CNBC
CNBC
6 years
If you invested $1,000 in Netflix in 2007, here’s how much you’d have now.
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@jposhaughnessy
Jim O'Shaughnessy
4 years
From 1991: Investing is a search for truth. It requires you to know who you are. It requires you to see your biases and perceptions as they really are. It requires you to see your self clearly, before you can see something else clearly. Truth doesn’t allow for a big ego, and
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@jposhaughnessy
Jim O'Shaughnessy
2 years
Happy, happy birthday @patrick_oshag ! I'm so proud of everything you've accomplished and will in the future. You're an amazing man and I'm so lucky and proud you are my son. And just for today, don't work so damn hard!
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