Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]
Ric Elias - The Art of Living Well - [Invest Like The Best, CLASSICS]
This conversation dives into the profound intersection of personal transformation, leadership, and purpose-driven growth, exploring how life-altering experiences can reshape one’s values and ambitions. Far from a conventional business narrative, it traces a journey marked by resilience, introspection, and the pursuit of meaning beyond material success.
Ric Elias shares how near-death survival in the Hudson River plane crash became a catalyst for redefining success—not by wealth or status, but through inner well-being, family, and contribution. He reflects on building Red Ventures with a culture rooted in integrity, long-term thinking, and trust, emphasizing that sustainable growth stems from ethical leadership and disciplined execution. His work revitalizing Puerto Rico’s economy and basketball team illustrates how purpose and community can drive transformation. Elias underscores that true leadership begins with self-awareness, shaped by vulnerability, forgiveness, and the courage to change. The discussion reveals that compounding value goes beyond capital—it applies to relationships, character, and impact. Ultimately, living 'well' means aligning actions with core values, prioritizing what endures over what impresses, and recognizing that time, energy, and presence are the most precious investments one can make.
03:15
03:15
Ric Elias's personal dream is internal well-being and lifelong satisfaction.
05:38
05:38
They raised $2 million with a flawed business plan but persevered through hustle and reinvention.
24:46
24:46
We'd rather pay more and never re-trade — keeping your word is essential in business.
25:31
25:31
Energy is more important than time—invest it where it returns value
31:22
31:22
Crisis reveals true connection to self and appreciation for daily experiences
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38:02
The plane crash taught me to let go of ego and live with purpose.
42:38
42:38
Committed to moving Puerto Ricans back, creating employment, and paying U.S. salaries.
47:14
47:14
The team reaches game seven of the finals after being considered an easy opponent
50:32
50:32
Firing a free-agent for bad behavior to protect team culture
52:29
52:29
Leadership starts with personal leadership and owning your imperfections.
57:30
57:30
At Harvard, I realized I could compete at any level.
59:39
59:39
Ric realized he wanted to make his parents proud and do business ethically like his grandfather
1:01:58
1:01:58
They've stopped compounding capital and instead use it in Puerto Rico for meaningful pursuits.
1:09:24
1:09:24
One should be confident in one variable and have visibility on the other to manage investment risk.
1:12:36
1:12:36
The North Star is to give consumers all health-related answers, connectivity, and access through a personal health agent powered by AI.
1:14:33
1:14:33
Growth should be sustainable; unsustainable speed leads to burnout.
1:21:49
1:21:49
AI will disrupt all aspects of work and life in unpredictable ways
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