Lior Susan - Leave the World Better than You Found It

**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, stories and strategies that will help you better invest both your time and your money. Invest Like the Best is part of the Colossus family of podcasts and you can access all our podcasts including edited transcripts, show notes and other resources to keep learning at joincolossus.com.

**SPEAKER_2** (1:55)
Patrick O'Shaughnessy is the CEO and founding partner of PositiveSum and 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 PositiveSum or 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 PositiveSum or O'Shaughnessy Asset Management may maintain positions in the securities discussed in this podcast.

**Patrick O'Shaughnessy** (2:27)
Today's episode requires a slightly longer introduction to make a few things extremely clear to anyone listening. It's a conversation with Lior Susan, the founder of Eclipse Ventures, whose mission is to unlock solutions to age-old physical industry problems through the intersection of bits and atoms. Lior is Israeli and served in Israel's Special Forces before founding Eclipse.
The topic of today's conversation is one fellow investor's perspective on the terror attacks of October 7th and the path forward. I hope it goes without saying that my personal stance on this situation is to yearn for peace. I hope more than anything that collective action is in the direction of fewer people dying and most importantly, fewer and ideally zero innocent civilians dying in Israel and in Gaza and Palestine. This is not a political show and it won't become one. This is a conversation with a person deeply and personally affected by the Hamas terror attacks of October 7th, who I believe to be a very good person who wants to be a part of change in the right direction for everyone good in and around Israel and Gaza, regardless of their background, religion or anything else about them. If this episode offends anyone, that is of course not my intention. But in the aftermath of the attacks, I had a number of similar conversations to this one and this is the one I wanted to share. The easier path, which I'll admit to being tempted by, is to simply never publish anything too inflammatory on this feed. I hope at least some of you will emerge from this, as I did, feeling a bit smarter and a bit more motivated to talk about solutions to an awful situation. Please enjoy my conversation with Lior Susan.
Lior, I'm really excited to have this conversation with you. I think it will be a tough one at times for sure, but an important one.
To set the stage, normally I don't do this, but I think it's important for this particular conversation. I'd love you to just give everyone listening your background in whatever way you think it appropriate to lay out your life experience to this point.

**Lior Susan** (4:18)
Thanks for having me, Patrick, and definitely I'll be much more focused and excited to do this type of a podcast with you and your podcast that I love in different times. But as you said, probably more important than ever that we will do this type of a conversation right now. It goes back to my background, I grew up surrealist enough in a kibbutz in the north part of Israel. Semelat Kibbutz in the south is the one that being invented the first in October 7 It's a very open, free communities. Nobody locks the door in kibbutz, this very free spirit lifestyle environment. You walk barefoot, you work on the farm. I decided in the age of 16 that I'm not going to continue go to school and I will walk in the banana farms. You know, it's the best childhood that a kid can dream. Think about this beautiful, very green communities, a lot of trees, a lot of agriculture, and people you know, riding their bicycles, living with each other in communities that are very beautiful. So, I grew up in the north part of Israel, in the kibbutz, and I joined the military, and I've been drafted to the special forces. I served almost eight years at special forces and multiple roles.