Welcome to another edition of Cheat Sheet by Outlier Academy. Where each week we compress 6+ hours of research and interviews into 3 big ideas that you can read in 5 minutes.
This week we profiled Worm Capital, who call themselves “value investors focused on the future.” They’re one of our favorite technology and disruption investors in the public markets. Since Worm’s inception in 2012, they’ve outperformed the S&P 500 by over 2X net of fees—generating 26.73% per annum vs the S&P 500’s 12.08%).
Read the newsletter companion to this episode:
https://www.cheatsheetnewsletter.com/p/the-secret-to-eternal-life-in-business
Here are the 3 big ideas in this week's Cheat Sheet:
Markets provide liquidity, businesses generate value. Or why the game of business has nothing to do with the stock market.
How to find the best companies in any industry. First observe, then deconstruct inputs and outputs.
The secret to eternal life in business. Or why the company that delivers the best customer value proposition consistently always wins.
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https://www.cheatsheetnewsletter.com
Listen, watch, or explore more of this week’s Outlier Academy episodes:
20 Minute Playbook - Eric Markowitz, Worm Capital’s Head of Research | Conviction vs Opinions, Two-Step Research Process, Favorite Books, and More
Listen Now | Watch Now | Episode Guide | Transcript
Outlier Investors - Worm Capital: Value Investors Focused on the Future | On Worm Theory, Worm’s Investing Algorithm, and The Game of Business
Listen Now | Watch Now | Episode Guide | Transcript
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Trailer – Forward: Bringing Healthcare as a Product to a Billion People | Adrian Aoun, CEO and Founder
Forward’s Adrian Aoun: Being Stubborn and Persuasive, Fiction and Factfulness, Cycling as Meditation, Being Problem Focused, and More | 20 Minute Playbook
Trailer – #121 Forward’s Adrian Aoun: Being Stubborn and Persuasive, Fiction and Factfulness, Cycling as Meditation, Being Problem Focused, and More | 20 Minute Playbook
Cheat Sheet: On Spotting and Owning Trends, Wedge vs Ramp Shaped Businesses, and Making Every Dollar Count
Trailer - Cheat Sheet: On Spotting and Owning Trends, Wedge vs Ramp Shaped Businesses, and Making Every Dollar Count
#144 Kettle & Fire, Perfect Keto, and Surely Wine: Spotting Trends and Building D2C Brands to Own Them | Justin Mares, Serial Entrepreneur
Trailer: Kettle & Fire, Perfect Keto, and Surely Wine: Spotting Trends and Building D2C Brands to Own Them | Justin Mares, Serial Entrepreneur
#143 Kettle & Fire's Justin Mares | Identifying Trends, 5-Minute Mini Workouts, 6 To Dos Per Day, Favorite Books, and More
Trailer: Kettle & Fire's Justin Mares | Identifying Trends, 5-Minute Mini Workouts, 6 To Dos Per Day, Favorite Books, and More
Worm Capital: Investing in Disruptive Technology, Worm Theory, and The Worm Algorithm | Outlier Investors
Trailer – Worm Capital: Investing in Disruptive Technology, Worm Theory, and The Worm Algorithm
Eric Markowitz, Head of Research at Worm Capital | Worm's Two-Step Research Process, Favorite Books, and More
Trailer - Eric Markowitz, Head of Research at Worm Capital | 20 Minute Playbook
#142 The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius | Joey Cofone, Author & Founder of Baronfig
Trailer – #142 The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius | Joey Cofone, Author & Founder of Baronfig
#141 Joey Cofone, Founder & CEO of Baronfig | Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More
Trailer – #141 Joey Cofone, Founder & CEO of Baronfig | Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More
Cheat Sheet: On Category Creation, Languaging, and Why Competition is for Losers
#140 Snow Leopard: How Legendary Writers Create a Category Of One | Nicolas Cole, Author and Co-Founder of Category Pirates
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