David Chilton - The Human Blitzkrieg

**Patrick O'Shaughnessy** (0:00)
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Hello and welcome everyone. I'm Patrick O'Shaughnessy and this is Invest Like the Best. This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies that will help you better invest both your time and your money. You can learn more and stay up to date at investorfieldguide.com.

**SPEAKER_2** (0:59)
Patrick O'Shaughnessy is a Principal and Portfolio Manager at O'Shaughnessy Asset Management. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of O'Shaughnessy Asset Management. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of O'Shaughnessy Asset Management may maintain positions in the securities discussed in this podcast.

**Patrick O'Shaughnessy** (1:21)
This week's conversation was especially fun. I have a long history with my guest, Dave Chilton, but this was the first time we'd met in person. I'd heard stories about him from people I worked with for 20 years, so getting to finally spend time with him was a real treat. I'll let him reveal the connection. This episode will also be fun for listeners in the US as Dave is one of the best known people in Canada because of his famous book, The Wealthy Barber, and his more recent stint as a dragon on Dragon's Den, which is Canada's version of Shark Tank. I called this episode The Human Blitzkrieg because of Dave's relentlessly positive style and curiosity. He has dabbled in many parts of the business and investing worlds. He's one of the most successful authors in history, has invested in dozens of interesting businesses, and is a Jedi master in the long lost art of the phone conversation.
We discuss business, investing and writing. If you enjoy this conversation and have any aspirations as a writer, I highly recommend you check out the series of videos Dave and his son recently released called The Chilton Method, which I will link in the show notes. I have no financial interest in this recommendation and actually neither does Dave.
He put it together in large part to stop people from calling him for advice. We discuss a few of the 100 plus lessons from his course in this conversation.
As you'll be able to tell early and often, it is hard not to have a good time with Dave. You can find show notes for this episode at investorfieldguide.com forward slash Chilton.
Now please enjoy my great conversation with the wealthy barber, Dave Chilton. Dave, thanks so much for joining me today. Most people in my audience actually won't know who you are, which is unusual probably for you. I was speaking at a financial planner conference yesterday for the Royal Bank here in Canada, which is why we're together or able to be together today. It was 300 people in the audience and I mentioned that we were going to be doing this and that's all anyone wanted to talk about. So we'll start with an introduction, which you probably don't need to do all that often these days. Could you just tell us very briefly why you are so well known throughout Canada?

**Dave Chilton** (3:22)
I wrote a book when I was very young. I peaked at a very young age. It's actually quite sad. When I was 25, I wrote a book called The Wealthy Barber and it came out a year and a half later. I thought it would sell 10,000 copies. It went on to sell millions and it led me into a lot of other initiatives in Canada. I became a dragon a few years ago in Dragon's Den, which is our shark tank up here in Canada. In fact, it was the forerunner to Shark Tank and Kevin O'Leary is on our show up here and Robert Herjavec was for years. In fact, I replaced Robert when I came on the show and I did come down to the States for a few years. In the early 90s, we put out a US version of The Wealthy Barber. It did very well, sold over a million copies and I partnered with PBS and put out a two-part series but I was burnt out, not literally burnt out as in falling on the ground, but I just couldn't get home enough and so I decided to come back up. The second book never came out in the States, The Wealthy Barber Returns, because of Dragon's Den, I was too busy. But I love speaking in the States and for two years I spoke down there exclusively around the 401k arena and it was a lot of fun and I love the US people so yeah, I've had a charmed existence no doubt about it. I'm not that sharp a guy. I've had one good idea in my life, thank heavens I had it when I was young. That was the absolute key.