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.
Sign up for the Cheat Sheet newsletter:
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
#162 A Masterclass in Product Design with Andy Budd (Founder of Clearleft)
#161 Bill Moses, Founder & CEO of Kevita and Flying Embers: Favorite Books, Lessons Learned as a Serial Founder, Superpowers, and More
#160 Kevita & Flying Embers: Building Functional Beverage Companies from Kevita’s $200M+ Acquisition to Flying Embers Big Bet on Fermented Alcoholic Drinks | Bill Moses, Founder & CEO
#159 Eric Tarczynski, Founder & Managing Partner of Contrary: Favorite Books, Lessons Learned as an Investor, Superpowers, and More
#158 Contrary: Using Software and Scouts to Invest in People, Before They Ever Start Their First Company | Eric Tarczynski, Founder & Managing Partner
#157 Ari Tulla, Founder & CEO of Elo Health: Favorite Books, Lessons Learned as a Serial Founder, Superpowers, and More
#156 Elo Health: Personalized Daily Nutrition using Blood Tests, Activity Data, and Dietician Support | Ari Tulla, Founder & CEO
#155 Michael Sheetz, Space Reporter at CNBC: Favorite Books, Lessons Learned as a Reporter, Superpowers, and More
#154 A Masterclass in the Business of Space with Michael Sheetz (CNBC’s Space Reporter)
#153 Jimmy Soni, Bestselling Author, Speaker, & Speechwriter: Favorite Books, Lessons Learned as an Author, Superpowers, and More
#152 The Founders (Book Summary): The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley from Elon Musk to Reid Hoffman to Peter Thiel | Jimmy Soni, Bestselling Author & Former Huffington
#151 Leo Polovets, Founder & General Partner at Susa Ventures: Favorite Books, Lessons Learned as an Investor, Superpowers, and More
#150 Susa Ventures: How They’re Building the Next Great Seed-Stage Venture Capital Firm and Investment Platform
#149 Jannick Malling, Founder & Co-CEO of Public: Favorite Books, Lessons Learned as a Serial Founder, Superpowers, and More
#148 Public: How They’re Building the Future of Investing from Fractional Shares to Alternative Assets and Social Investing | Jannick Malling, Co-Founder & Co-CEO
Joey Cofone, Founder & CEO of Baronfig | Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More
Trailer – Joey Cofone, Founder & CEO of Baronfig | Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More
The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius | Joey Cofone, Author & Founder of Baronfig
Trailer – The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius | Joey Cofone, Author & Founder of Baronfig
On Obsessing Over Problems, Predicting the Future, and Why Healthcare Should be a Product (Not a Service)
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast