YouSaid · the spoken record

Ric Elias

lines on the record: 106
first: 2025-12-23
most recent: 2025-12-23
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“In Fernandes, I knew this question was coming There's been so much, but instead of finding the one person, I'll tell you the thing in his forgiveness. I have been forgiven by many people, ultimately for being human. I've been forgiven by my wife for not being as committed in terms of being at home in that first decade of our kids. I've been forgiven by my kids for not being that present the first decade of ever. There's no manual to run a company. There's no manual to do acquisition. I made a million mistakes. And the grace that you give somebody when you forgive them is the most beautiful things we do as humans. So I am super grateful for the grace of forgiveness. And it's a great reminder that that's a power we have to give others. That is probably what I take with me.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“For a period of time. So I really don't know. And I think the next 10 years, I think AI is going to disrupt every workflow, every interface, every platform, everything in ways that no one can predict. You got to be both aggressive and thoughtful. Remember early in AI, people were like, oh, this is just like the internet, but it is four years for maybe not. Maybe it's going to take that long for real models to mature for consumer behaviors to change, for platforms to really adapt. All the money that got made, and you know this better than anybody, all the money got made in the internet wasn't in the first wave. Maybe some of the infrastructure.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“My role is going to change. I don't intend to be committing this much energy to this one thing. That may not happen for the next three to four years. Hopefully the Perch or Radventures existing yesterday. I may not. Go to Facebook or Meta and drive out of their campus and you see the Sun microsystems on the back of the sign.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“And we have tremendous talent. I got to look, the woman that runs comps here is just world class. A lot of the team that sits in our people capital operations are fantastic. They're the ones that are constantly doing this.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“He's like, you have now, like, everything is disclaimed just like you disclaim this is not personal advice for investment.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“You get too much credit when you're the founder and power is really dangerous. And for a long time, I didn't understand it. Honestly, I don't feel like I'm anybody's boss. I just feel like I showed up here first. But you can ruin someone's day if you don't say hello the right way or whatever because they're invisible. The same way you can make someone's day if you show up in the same way you can completely, a lot of time now I'm disclosed. Look, I don't believe this. I'm going to say it out loud just to see what you guys think because if I say it without a disclosure, it's like Rick said we have to do this.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Curious as to 10 years from now what this is all going to look like because we can see it. And you take that at scale. And I think it's happening everywhere. Apprenticeship layer in the US is not just companies. It's hospitals. Take anything, any practice. Super interesting.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Managed men experiences rotations, accountability, access, talks like today where you had all these constant investment in people in their personal growth. And we don't have it right and we don't have it right at times. We don't have it right for everybody. But it's this endless pursuit of holding our mirrors to ourselves and saying, are we doing the right things? And this is a little bit of my struggle. Employees here are loving coming to campus, but they love coming to campus three days a week. If you're 30 and you're balancing three things in life and you are really good at why you do that, you're perfectly fine doing that. You can do your job that way. If you're 24 and you don't know too much, I feel like we're robbing you from the experience of what it really means to get trained in this decade. So when you're 30 and you have 50 other demands, aging parents, a bunch of other responsibilities, kids and whatever else, you can actually allocate your time differently. So I'm really.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“It is 50 factors that have to play in it. This is like an orchestra. It doesn't matter what it plays. It just has to be in harmony. So there is no song that says this, does, that, is like all the instruments recruiting, performance reviews, career tracking, training,”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“At the core of what I hope we leave as our legacy is thousands of people that were better at what they're doing and did more meaningful work wherever they went because they were here. And I can't tell you the amount of emails I get from people saying, holy cow, I did not know I was this good because now I'm not competing against everybody that is this good and I would have never been this good if I had not been there. I think that's really cool. That opportunity, one of the great things about our country is the apprenticeship layer that exists between 20 and 30 when you leave college, which I think is at risk right now with all this not coming to the office and everything else. And I think in the world of new tech and technology and digital, we're one of those great apprenticeship places. That's great. Businesses understood the greater good. It's not. We're going to be bigger or more profitable because that ability to train.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“There's a lot. I'm a cheap philosopher. Lots, lots and lots. There's lots around, we haven't talked about our commitment to real social impact as an organization and the work that we do in Charlotte is probably the most outstanding work we do. We just don't publish it. By the way, we also don't believe that like Simone Perez used to say press and awards are like perfume. Nice to smell than dangerous to swallow, right? And those things get you caught in the wrong things. But we're so imperfect and so in many ways naive. I joked with you. I'm like Forrest Gump running a business. Not sure what it is. And who cares? And I worked really hard and I care really deeply. Do we just put weight on things that don't matter?”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Business. What we say to them, look, we have a platform that allows you to grow faster than you're growing and we're willing to get paid only if that is true. And part of that is because we can iterate in ways that you can never iterate. And if you give us the right APIs and the right controls, we are industrial great security, industrial great everything, we may be able to help you. I think that's the key to this is we're servicing big companies that have to deal with a lot more than we do.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Your old speed, you burn a team. So we talk about two concepts as an iteration of that. One is pace because pace is sustained speed. You see this marathon runners who go out and win the first mile and never finish a race. So you got to understand pace and how do you bring an organization? And the other one is not sprints. You're almost running intervals inside of a race. So when you combine pace and intervals, we got a big push for the next 60 days. We got different things. I think that's the sustainable piece speed part of this. I'm not sure that's right, but that's how we think about it. Because otherwise you end up either in a body shop or people get burned out or to what end. And again, it has to be managed and purposeful. I do think that reps really matter. And the ability to do this faster is how you can build better models is how you can build better product is how you can get to differentiation. And when we go to big companies and our business model, the core.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“We used to call speed, and then we ended up tripping ourselves because we were like speeds, throne's perfection. Well, there's some stuff you need perfection.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Ultimately, you want a place where the consumer gets all the answers, all the connectivity, access to, do I qualify for this thing? Is it cover? Is it not? It is preventives. And you can see how AI will play a role in a very personalized way. So it's almost like an agent for you personally around your health that because of HIPAA and all this kind of stuff, it has to exist inside an ecosystem. Is not going to be able to live outside. And this is the largest platform to do inside of.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“This Your side, and that team is doing incredible work. And we have some big bets that we're making in the next couple of years, she'll play out. But we're preparing for a future where healthcare is counterintuitive. The money in healthcare is very specific pockets. If you really think about it, there's not a lot of value that has been sustained because where the money is given the government's putting the thumb on their scale with Medicare and all this different stuff is just really tricky. And I think doing it as part of the best and biggest healthcare provider and platform out there in United Healthcare was the best way to do it.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“To go build this. And it's been great. First year was typical foot two organisms together. And our joke was like, look We don't want our size and your speed. That will be”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“We owned a bunch of really interesting assets. We owned a bunch of assets that created a lot of both data and consumer's path. But you realize that those are kind of narrow businesses that exist for a period of time. We did this JV with United Healthcare, who their CEO, Andrew Witty, is a fantastic CEO, a fantastic human being. And his view is that the healthcare company of someday of the future five, ten years from now, will be very much consumer driven, consumer led. And they need to be making that investment today because they are really good in the health plan side. They're really good in the provider side. They got to get really good in the consumer side. And he is like, there's no way a company this big will ever figure that out. So I got to find a clean environment where I can make sure that we're both investing, but I need the tech. I need the people. I need the alignment of incentives. So we did a long-term partner.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“It was a moment in time. You felt it today. This is a magical place. There's a magical culture here, but comparatively. So probably when we're compounding at 30% for like five years in a row and we're just success after success, it was like, wow, we're really good. Reality is we were really lucky that we were really good. And it was a matter of when that we needed to do it. I'm kind of very excited for the next five years. I spent a lot of time listening to your digestion of AI, but I think AI is really going to change a lot of our businesses, some of the traditional ones, but even our partner businesses, our client business is going to really change and some of our assets. So I think the next five years may be the most exciting ones. And we're either going to get runover or are going to play in it and we'll see.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“We all have revisionist history. It's funny because we're getting a lot of momentum back and a lot of things are happening that are on the positive side, but still there's this sense of, man, these are not the same days that it used to be. And of course they're not. Everything Danny Meyer, a good friend of both of ours, says the cultures are like sharks. They have to keep swimming to survive. And to compare it to something first, I don't think the past is always as good as we remember it being, but the reality is that there was a moment in our journey where I remember leaving a big company event here on campus and it was like a magical night and we had this like incredible energy and I got in the car and I'm like it just cannot give any better than this to see a couple thousand people just completely pulling in the same direction trying to do something and it was just felt like unity you couldn't it was like lighting in a bottle at a moment in time”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Like, okay, that's worth the bet. But understanding that when you're betting, you're going to lose some. And if you're, I think, if anything, you need to have bad bets to be able to be a good better. Otherwise, you're just taking fastballs 85 miles an hour down the plate.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I love to bet I hate to gamble. And I think life is about understanding odds and edges and risks and this whole notion of can you win multiple ways also applies on the other side. When I look at a business model, if the business has three variables for it to work, I will never invest in it. There's some great businesses that need three variables. They're going to need a ton of capital, a ton of luck. They're going to have to figure some stuff. If the business has two variables, then you're compounding the risk, so you better be fairly certain that one of those variables you have high confidence on and the other one you have some visibility. And if the business has one variable and you have an inkling lean right in. So a lot of this is just decomposed risk of what you're investing in. And it applies to everything. So it's both the multiplier and then the discount that you would apply to an intuitive decision. And when we see something.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the culture of Charlotte is what people come in, and because you feel rude, you go to the third coffee shop in a week and you walk in and they say good morning and you're like, what do you want? Right. And what you realize that that's culture. So in here. Ultimately, people behaving a way. So when you walk in, you're like, oh, this is the norms on how you behave here and all of a sudden becomes like, ah, this is how I fit in. And it becomes the way that we operate with each other. We take our work really seriously, not ourselves. There's a ton of humor. We do a lot of things. We have tons of sports. We have tons of stuff just because it's all interconnected.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Think part of that is who you bring here. So I think making sure that people are comfortable with the way we operate. If you need certainty, if you need predictability, if you need to be the star of the team, if you have all this stuff, it's not going to work. But recruit so many young people, which that's really usually not the case. I compare it more to Charlotte. One of the things I love about Charlotte is it's probably one of the greatest places to live, not just because of the weather or the airport or whatever, it's because people are super nice. People here drive nice and whatever else. You take a New Yorker and you move into Charlotte and within a month they're saying good morning to you.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“At the time, I'm like, wow, this guy went looony, and then the more I thought about it, the more true it is. I used to be in the place I always picked up every tap. That's selfish. Letting people in, your true friends, I now share my struggles the last two years. I literally, because in part what I was doing was letting them love me by me loving them, right? It's like it's this language of trust. It's a language. I'm like, I'm very open with people that I trust because it's what friendships are about. And that's how we get helped. And I think a lot of people are out there feeling lonely, feeling like I can't share, well, if there's somebody out there that you think loves you, give them a chance to love you back.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“And you'd suck all the love out of every interaction because that's how you feel good about yourself. And I don't want to be friends with somebody who is not able to be a receiver. And it was holy cow.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“And he said you are the most selfish friend I have. I was like, You just talk for ninety percent of the time. I just, I bought dinner. I like, what else can I do? Right. And he goes, you don't ever let anybody else love you back.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“That's it. One of the beauties of true friendships is allowing the other party to feel that they can love you back. And I told you the story of a dear friend of mine, one of my best best friends, like my first best friend in the US. His name was John Woods. He passed a number of years ago. John was a little older, but still kind of in college with me because someone who worked in those studies. And one day, many years later, I have dinner with him in Boston, and his wife is also a great friend of mine. And she goes back and asks him a bunch of questions about me and he had no answer. He literally called me the next day dead serious. This is one of the guys that was like most fun, jovial guys. He calls me to fire me as his friend. I was in his wedding party. He was in my wedding party. We're like brothers. And he wasn't kidding. At first, I thought, oh, yeah, yeah, this is really, I just saw you last night. We drank two bottles of wine. We like literally told each other, we love each other. And you're firing me the next day?”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Look, somebody that is looking for love, the best thing that you can do is ask a lot of questions because people love people that listen to them. You can ingratiate yourself shortly to somebody who says, oh, how good it was wonderful is because you talk a lot about yourself.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Like your back, I was like, and I jokingly said, hey, the grass wasn't greener. He goes, No, I like this brown. It's true. Everything is a little brown. I've stopped pursuing more. That's why anything I do from here and out with my capital, the return on the capital, I don't invest anymore on funds. I don't invest in anything. I don't want to compound capital. I know that sounds like... I want to use my capital to compound other things that matter to me. So I'm using my capital in Puerto Rico to do things that really matter to me. This whole notion of purpose. My original purpose is through my kids. It's through my friends. It's through my community. But then I am incredibly privileged to broaden that purpose to things that are good for society. All that matters.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Society sets us up on a trick, although this is a mirage. Every time you get to a peak, you'll see higher peaks. There's nothing about a peak that matters. Sometimes it's oversaid about the journey and this and the other is that inner peace, that sense of well-being that really matters. How many days of your life do you have a sense of calm and peacefulness and purpose and you're in a good place? You feel like your energy is in good place. To me, that's what really matters. The pursuit of more robs you from that. You can't take it with you. It becomes the responsibility the more you have. And I tell this to a lot of our employees when they're leaving. And I said, okay, great. You're ready to graduate. I'm for you. But when they're replacing happy with happier, that's when they get in trouble. There's no such thing. I have a fun exchange. An employee came in and I saw, hey, you're back. Great. We have a bunch of boomerangs. It's silly how many boomerangs we have.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I just really wanted them to feel proud of our family. I wanted to do what my grandpa did, but do it in a way that was ethical and my family could be proud of my grandpa through the work that I was doing. And I only realized this when I was with my dad, he goes, you are just like your grandpa. I was like, holy shit. It picked me. I didn't pick this. It's like, this is a random roulette. It's the gene pool of I got my grandpa's gene of being a merchant.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Look, that money belongs to me, not to the government. So they took everything away. So my dad and his teens went from like the wealthiest 10 families to nothing. And to this day, my dad pays for anything cash. That was so riveting. So we will have these family dinners and big Hispanic Lebanese families. There's 30 people at the table, right? You're the little kid. And inevitably, the story will always go to my grandpa. And the stories were always like this incredible guy who was bigger than whatever, and then they always ended in a murmur, the shame of how the family ended. And I saw my grandma tell the stories and everybody. And I was a little kid. And I didn't realize this until much later. It's interesting the stories. And by the way, it may be a story I'm telling myself. That's okay. It helps me. It's amazing the things that we carry in our lives. So I show up and I realize that a lot of what I've been trying to do.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I never met my grandpa. It was my dad's dad. By all accounts, he was much older than my grandma. He's Lebanese. Came to Puerto Rico on a boat when he was a little kid. There was an epidemic. The boat was going somewhere else, stopped in Puerto Rico, pushed everybody out of the boat. He ended up growing up, partly in Puerto Rico back in Lebanon, Christian Lebanese. And then he came back in his 20s to Puerto Rico and became one of the most successful people that the stories of my grandpa was like 20 servants in the house, one of the big mansions. And he was basically headquartered the market for all vegetables imported everything, set the price, stories of predatory pricing, beautiful, like this crazy stories of all the things he was. And I never met him. There's a lot of these are mythology, which I understand. But what was really interesting, I think in his 50s, he got Alzheimer's really early Alzheimer's. And all of a sudden, the government realized he never paid his taxes or a lot of his taxes. I imagine he's like.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Start singing my hit Juano. Oh, is it not like the other? He's the same. No one above, no one below. So the 30s, a little bit of this is we struggle. We struggle in there losing all these pregnancies was really, really hard on our marriage. And we were this close to quitting and going down the path of building our family in a different way took a lot of courage and not quitting the business took a lot of courage and borrowing money from my dad to live for a couple years after we depleted the little we have, took a lot of courage and hustling our way every day for a long time, convincing people. Like I was like, holy cow, ignorance is a bliss and necessity is actually a really driving factor. So it wasn't until 40 that I would say, okay, we're going to be okay even if it's at a level that is not good enough. I build a lot of courage. I'm like, you know what? I'll go for anything with a little luck.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I can be okay. I can figure it out. I have tools. And I got a lot of confidence. And I finish business school and everybody was going to McKenzie or investment banking. I'm like, you know what? I've always kind of listened to a different radio station than most. And I always knew I wanted to run a business, start a business. I wanted to be independent. I have a story in my grandpa someday I'll tell you. But that was my vision, to be independent. I was like, I'm going to learn. A professor told me if that's what you want, go and learn on someone else's nickel. And that's what I did. And that's where I met Dan. That's where I met Brenda, my wife. And, you know, at 30, which is to change the decades, that's when literally I got married. And basically we started the business. So the 20s was the place where I was like, look, I belong anywhere. I'm not better than anybody, but I'm not worse than anybody. And to this day, I show up and I kill these meetings and I kind of laugh. I'm like, how in the world did I end up in this room? I'm sure sometimes that happens to you, right?”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Spent my first month smarter, smarter, dumber, smarter, smarter. I'm trying to figure out. And I realized it's like, you know what? Everybody's the same. So I got confidence like I could compete in any level. I can compete in college. I can compete in Japan.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm in a really cold place in Boston. I feel weird. I dress different. I speak different. I act different. I'm Puerto Rican. And actually, that was really good to feel that. I'm working all sorts of jobs. I drive a limo. I do the things that people do in college. And like, for me, a graduate and I'm like, okay, what am I going to do? My dad was an OBGYN, so I couldn't go back to his practice. I was like, okay. And I ended up in Japan. And I go to Japan and I'm like, holy cow, there's no internet. There's no anything. I struggle. I was lonely. I figure out a way to take a six-month assignment, stay two years out with general electric at the time. And all of a sudden, I'm like, I should just apply to Harvard Business School. They're not going to take me, but you know what? Who knows? And that's the only place I apply. And all of a sudden I forgot I apply, get a letter. It's like, do you remember a class in 94? I'm like, holy cow, they let me in. So I'm like, whatever, 26. And I get to Harvard thinking I'm definitely not going to make it. I'm going to be one of the 10% that fills the screen.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Actually, I want to answer confidence because confidence goes into courage. I think you need that concept. So, look, I'm 20, I'm a sophomore in college. I don't know much English. I'm an accounting major, so I don't have to speak.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“This, like, I look at there's a lot of incredible entrepreneurs that are doing incredible things and inventing incredible things. And I don't feel neither envy nor anything. I feel like that's their thing. This is my thing. It's a weird question never been asked. Do I love business? My default answer would have been, of course, because I sold avocados on streetlight when I was 11. What I really liked was being independent. I'm not really sure that business was what I wanted”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I love the game of influencing. I'm very influenced. I listen to your stuff and I'm influenced by it. Today we had a great conversation and I'm like, I am evidence. So the business of making money, fine. It's a score that is kind of silly. The business of bringing people together to a common goal or to a purpose to compete, to try to figure something out, to struggle to fall, to not be sure. That's really fun. So I think to me business is just a platform for those elements to happen. In my house, my older sister's super smart. So I was never going to be the smartest. My younger sister is a great athlete. So I wasn't going to be a great athlete. My brother's super handsome. I showed up literally in my house. I'm like, I am never going to win anything in my own house.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“I'll own it and move on. Leadership a lot of is how you show what it is to be human. A lot of leaders feel like they have to pretend to be perfect. And look, we all have insecurities. We all have challenges. And to me, leaders is showing the way of humanity, of how to do growth and how to care for others and how to do things that matter.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“It's an imperfect art, and you're constantly growing and learning. And we had a staff meeting yesterday in the morning, you know, that thing was fantastic. And in the afternoon, everything showed that great. And I was exhausted from that silly game. And I was short fused. I was like, I got in the car. I'm like, that wasn't my best performance. And then I laughed.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Changes a lot. I'm surprised at how many things I was convicted of that I've changed my mind on. Part of it, maybe chemical, part of it, maybe experience, part of it as you realize at the end of the day, what is it that matters and all that, I think leadership, first of all, title is not leadership role is not leadership. Other people decide if you're a leader or not. It's not something that you have. It's something you earn. And I think that's something that you got to take really, really personal. Now, that doesn't mean that good leaders are not like to respect it and they're respected for being consistent, being clear, being fair, giving, being all the things that matter kind and all these different things. But leadership to me is a way you show up every day. And it starts with personal leadership. I don't think you can be a leader in the world if you don't have control of yourself. If you don't really understand yourself.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“It's beautiful. And the great thing about teams back to community is like once you are part of an experience like that, the team will end. You will be teammates for life. And that to me is the beautiful part of all of this. Regardless how that story ends, and this may have been our lucky season, we may never make it again. It does not matter. No one, there's a saying in Spanish, nom poquita lo vilau, nadia mequita loau que, you can never take away the songs I've danced. We go to the games. All my friends are sitting in the friends row. Like it is literally a reunion of high school there. And it's just beautiful. It's just beautiful. Towns are so passionate. It's crazy the love that they have for the game. There's a parade on Saturday to celebrate our championship. I hope we”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Going to build a system and we're going to play in a certain way and we're going to do certain things and then there's nobody that is above the team. So this is a team first and all of that. And we extrapolate a lot of this. And we sign a big free agent, I think it was two or three days later, we fire him because he was a jerk. Culture is what you tolerate. It's not what you preach. Our best player, we suspend it and never told anybody because he was not behaving in a way that was culture fast. He begged to come back. He's the most amazing teammate. This guy says, I've never been part of a team. These kids get treated like whatever. So great teams, great teams in anything in life. It is team first because most places are player first. Exceptional teams that where they exceed their expectations where we are. We are like the eighth best team, not the second or first best team. It's when there's teammates first. This guy's the love that they feel for each other.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Evan in Puerto Rico nine times in like I literally go hold down for two games and run back. So I just get so much joy out of it. Okay, now give you a little the first practice we show up, all displeasures are looking at like, okay, a new owner, players don't trust owners, they get treated like merchandise, they get lied to, they get all this stuff, they're very skeptical. So you can't show up and say, hey, we're going to build a culture of this and that and the other. So I shut up and said, look, there's literally three rules here. We are going to invest in you so that you can make more money out of your career here or anywhere. And here's what that means. We put in a full weight room. We put a bunch of staff. They're looking at us like a little bit like incredulous. It's like we're going to do this. Number two is we're actually not going to care about, but goal teams have goals. You know, this is someone saying franchises have systems.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“If you're lucky, you have six, seven. Usually experiences, usually things that are either surprising and it involves different things. And it's a really good exercise to do because you're like, okay, how do I do more of those? Need to design that into my calendar. I tell you, I have like three of them that are going to show up at the end of the year, including two nights ago when we're down 10 with two and a half minutes, game six on the road. We send it to overtime. We go to double overtime and we win. I can't sleep the whole night. I have a leadership meeting yesterday, which I am completely exhausted for. And it was the greatest thing ever. So it's been awesome.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“The connections, the ability to bring a philosophical approach to this, the relationships running it in a very different way, investing differently, the biggest complement is our best players all came through in the middle of the season, not winning the final say, this is my favorite team I've ever been a part of. And it's all called culture. At the end of the day, Patrick, we all want to belong to places that we feel connected to. And the magic of organizations is understanding that. And in this world, we are so disconnected from so many things. People no longer belong to civic groups or churches or all of this. And the ability to create connections. Look, this town is going crazy. Win or loss, it lose. It doesn't matter. It's like so good. Like if you go through the year, go back through your calendar and say, what are the things that I'm going to remember 10 years from now? You'll be shocked how few they are.”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source
“Fast forward tomorrow. So that team has never made the playoffs. There were three polls at the beginning of the season. We were ranked 12, 11, and 12. There's 12 teams in this place. We were the easy game in everybody's schedule. Fast forward, we are playing game seven of the finals tomorrow night. And it's been the craziest, most fun ride. And you know what? I realized, Patrick, I had never owned a toy as an adult. Toy where you literally do it for the pleasure of”
2025-12-23 · Invest Like the Best · Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS] · IDENTIFIED FROM THE TRANSCRIPT · source