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Invest Like the Best with Patrick O'Shaughnessy

Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.joincolossus.com
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May 7, 2019

My guest this week is Stephanie Cohen, who is the chief strategy officer for Goldman Sachs and a member of their management committee. Prior to her current role, she spent the majority of her career in the investment banking and M&A divisions at Goldman. 

We discuss lessons learned from her career in M&A and the many initiatives she now leads at the firm. I really enjoyed her perspective on how a big, established firm like Goldman can balance innovation with improving existing businesses. Please enjoy our conversation.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

1:15 - (First Question) –  Motives on both sides for doing M&A

3:26 – Most difficult deal she worked on

4:50 – Biggest value add she brought from her seat on the Fiat deal

5:59 – Biggest changes since she started to today

8:31 – Smartest ways for companies who want to be acquired to be prepared

10:14 – Best M&A banker she’s seen

11:13 – What should businesses looking to make an acquisition be thinking about

15:16 – What does a strategy from her perspective mean

17:16 – Tension between innovation and change

19:46 – Difference between bottom-up and top-down components of strategy

22:15 – Exploration vs exploitation

26:28 – Submission process within accelerate

29:37 – Next step after you see a good idea

31:05 – Her take on FinTech and Industrials and their collision

35:15 – Lessons from elite early stage investors

37:21 – The origins of the LAUNCH program

40:06 – Important pieces beyond just the capital

42:42 – How they market to women starting business

44:56 – Lessons that she has learned about narrative and communications

47:07 – How she handles developing talent internally

49:28 – Managing her time

59:28 – Biggest concerns about OKR’s?

52:09 – Kindest thing anyone has done for Stephanie

53:07 – Kids in the area of competing

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

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