Invest Like The Best
Episode 388 The Art of Living Well
Invest Like The Best

Episode 388: The Art of Living Well

Invest Like The Best

Episode 388

The Art of Living Well

Ric Elias is the CEO and co-founder of Red Ventures. We cover how he built an acquisition machine for Internet businesses, his experiences living through the Miracle on the Hudson and the aftermath of Hurricane Maria, and how his reflections on life and leadership have changed as he's grown older.

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Show Notes:

(00:00:00) Welcome to Invest Like the Best

(00:04:29) Understanding Red Ventures: Origin and Evolution

(00:06:44) Early Challenges and Turning Points

(00:10:15) Operational Success and Company Culture

(00:16:10) Insights on Motivation and Growth

(00:25:35) Reflections on Money and Personal Well-being

(00:32:39) The Hudson River Plane Crash Experience

(00:42:25) Reconnecting with Puerto Rico and New Ventures

(00:47:10) Underdogs to Champions

(00:49:56) Building Trust and Team Dynamics

(00:52:19) Balancing Speed and Sustainability

(00:56:05) The Role of Confidence and Courage

(01:00:49) The Pursuit of Purpose Over Profit

(01:06:39) Recruitment and Company Culture

(01:11:20) Future of Business and AI

(01:23:20) The Kindest Thing Anyone Has Ever Done For Ric

The Art of Living Well

Introduction

Patrick
My guest today is Ric Elias. Ric is the CEO and Co-Founder of Red Ventures, which has a portfolio of fast-growing digital businesses like Lonely Planet, The Points Guy, Bankrate and large investments in a variety of other businesses across industries. He began Red Ventures in the year 2000 and has grown it to a global company with thousands of employees.

Ric walks us through the early struggles that have led to a now flourishing investment platform. But mostly, this episode is a master class on cultural values and philosophies that transcend mere financial gain. We discussed the difference between living good and well, the power of forgiveness and compounding more than just your capital.

Ric's story is one of resilience, humility and grace. His story about being in the front row of the plane that Captain Sully landed in the Hudson is singular and moving. Please enjoy this great conversation with Ric Elias.

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