Jack Clark - Grateful for Everything, Entitled to Nothing

**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** (2:41)
Patrick O'Shaughnessy is the CEO of 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 and the securities discussed in this podcast.

**Patrick O'Shaughnessy** (3:04)
My guest today is Jack Clark, the head coach of the University of California Varsity Rugby Team. Jack has one of the highest winning percentages not only at the collegiate level, but in sports history, winning an incredible 90% of games since he started as a coach in 1984 That includes a 98-game winning streak from 1990 to 1996 and 115-game winning streak from 2004 to 2009 In our conversation, we drive into how Jack builds high-performing teams, the shared vocabulary he creates across his organization, and his work with companies applying what he's learned on the field to operating businesses. Please enjoy this conversation with Jack Clark.
So, Jack, I've been so excited to do this with you since first becoming aware of some of your ideas on building teams a few months ago.
Sort of consider you the John Wooden or pick your famous coach of the rugby world having sort of an unparalleled career in terms of winning championships. I know that people always look at outcomes and wins as the thing that's held out, but we're going to talk all day today about the process, about building teams, about cultivating individuals on those teams, and how that could be applied in all areas, not just sports, but in business and in any leadership position or team that you might find yourself. I think to orient the audience, it would help just to hear a thumbnail sketch of both your playing career, which was illustrious, but also then your very long coaching career.

**Jack Clark** (4:27)
So I grew up in Huntington Beach, California, played four sports.
I was probably a better football player than anything and accepted a football scholarship to University of California Berkeley and enjoyed my time playing football. But when football season was over, somebody come tap you on the shoulder and say, hey, it's rugby season now. We've been playing rugby at Cal since 1882 So there was this great migration of football players heading to the rugby paddock as soon as the season was over. And I did it and I loved the sport. It seemed to be a combination of all the things I loved. Basketball, football, played the sport passionately for a while, had a cup of coffee with the Philadelphia Eagles and got straight into the national team and had an injury pretty early in my career, which prohibited me from a longer career.