Shane Battier - The No-Stats All-Star - [Invest Like the Best, EP.304]

Published: Nov. 22, 2022, 9 a.m.

b"Today\\u2019s episode is a special one, in a format that may turn into a series. It is a conversation between Ravi Gupta and Shane Battier. Ravi is a partner at Sequoia, one of our most popular past guests, and a good friend. Shane is Ravi\\u2019s friend, and one of the most successful basketball players ever, having won championships and awards at the high school, college, and NBA levels.\\n\\xa0\\nI spent 10 years as a purely quantitative investor, so naturally I was obsessed with data in sports. When I was meeting with prospective investors, Michael Lewis\\u2019s book Moneyball\\u2014which chronicled the data analytics revolution in baseball\\u2014was my go-to analogy to explain what I did\\u2026 \\u201cMoneyball, but for investing.\\u201d I used that line for years.\\n\\xa0\\nI\\u2019ve learned firsthand that it\\u2019s wise to follow your curiosity, no matter how strange or different it may be. The podcast is my curiosity tour, and years ago it led me to Sam Hinkie\\u2014who is himself on the Mt. Rushmore of analytics in sports. Sam introduced me to Ravi. Then Ravi sent me Michael Lewis\\u2019 article written about Shane called \\u201cThe No Stats All-Star.\\u201d I highly recommend you read it.\\n\\xa0\\nAll this serendipity around friends, data, investing, and sports gave me an idea: why not ask Ravi to interview Shane? Ravi likes the idea of playing for the front of the jersey, not the back. It is hard to imagine someone that lived that more than Shane. Shane shares his story, lessons learned from various coaches, and using data as an advantage. He also explains the four kinds of teams he\\u2019s encountered, which I found simple, and memorable.\\n\\xa0\\nFor the full show notes, transcript, and links to mentioned content, check out the episode page here.\\n\\xa0\\n-----\\n\\xa0\\nThis episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you're a professional equity investor and haven't talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com.\\xa0\\n\\xa0\\n-----\\n\\xa0\\nToday's episode is brought to you by Brex. Brex is the integrated financial platform trusted by the world's most innovative entrepreneurs and fastest-growing companies. With Brex, you can move money fast for instant impact with high-limit corporate cards, payments, venture debt, and spend management software all in one place. Ready to accelerate your business? Learn more at brex.com/best.\\n\\xa0\\n-----\\n\\xa0\\nInvest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.\\xa0\\n\\xa0\\nStay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.\\n\\xa0\\nFollow us on Twitter: @patrick_oshag | @JoinColossus\\n\\xa0\\nShow Notes\\n[00:03:53] - [First question] - What people measure in basketball, what matters when it comes to winning, and why he was called a replaceable cog in the No-Stats All-Star\\n[00:08:38] - Some of the plays that impact the overall points during a basketball game\\n[00:14:33] - The power of curiosity and obsessing over details\\n[00:16:16] - Embracing his role and how being a role player applies to life outside of the court\\n[00:20:47] - Where his obsession for winning and being a good team mate comes from\\xa0\\n[00:23:23] - Some of the things great leaders and coaches did to inspire him\\xa0\\n[00:28:51] - An overview of the four types of teams and fundamental aspects of them\\n[00:34:50] - What a person can do to elevate their team and make it a winning one\\xa0\\n[00:37:43] - Antifragility and the letter Shane wrote for Ravi when Amazon bought Whole Foods\\n[00:44:56] - How to get everyone rallied around a long-term shared mission effectively\\xa0\\xa0\\n[00:46:48] - Finding a No-Stats All-Star in a company and what to look for in one\\n[00:52:34] - The kindest thing anyone has ever done for him"