This week, the video component of our monthly newsletter series continues with 5 insightful video clips from Jim O’Shaughnessy, parsed from a “Talks At Google” interview moderated by Saurabh Madaan.

Jim O’Shaughnessy, investor and founder of O’Shaughnessy Asset Management LLC, discusses what it takes to be a successful active investor.  He shines a light on the contrast between active and passive equity investing including the associated risks and rewards.

O’Shaughnessy covers several traits required by successful active investors, including patience and persistence, a strong mental attitude, a focus on process over outcome, and the courage to ignore forecasts and rely on one’s own research data.

O’Shaughnessy also offers guidance from his years of experience as an active investor, citing key points from his book What Works On Wall Street. He discusses the importance of momentum and earnings in putting together your portfolio.  He also delves into market cap, lottery stocks, shareholder yield, and applying long-term data in one’s investment strategy.

We hope that you enjoy O’Shaughnessy’s insights into what it takes to be a successful active investor. Hint, it’s much harder than you think.