This week, our “Masters in Business” podcast returns for the 2015 season.

Via Barry Ritholtz

We kick off the year with a special youth edition of MiB. This week, I speak with Patrick O’Shaughnessy, principal at O’Shaughnessy Asset Management, and author of Millennial Money: How Young Investors Can Build a Fortune.

O’Shaughnessy discusses that despite the difficulties of the economic environment, youth have tremendous advantages youth in terms of an investment horizon of up to half a century. This allows compounding to take place.

In our conversation, we discuss active versus passive, why investors are their own worst enemies, and what they should — and should not — be doing.

You can download the podcast here or on Apple iTunes, or stream it at SoundCloud. All of our prior podcasts are available on iTunes.

Next week, we speak with bond investor Bill Gross, formerly of Pimco, now at Janus.

Masters in Business: Patrick O’Shaughnessy

Millennial Money Patrick O'Shaughnessy