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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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: On Obsessing Over Problems, Predicting the Future, and Why Healthcare Should be a Product (Not a Service)
Adrian Aoun of Forward: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Trailer – Adrian Aoun of Forward: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Forward: Bringing Healthcare as a Product to a Billion People | Adrian Aoun, CEO and Founder
Trailer – Forward: Bringing Healthcare as a Product to a Billion People | Adrian Aoun, CEO and Founder
Robert Cantwell of Compound Kings: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Trailer – Robert Cantwell of Compound Kings | 20 Minute Playbook
Compound Kings: Lessons Learned as an Investor and Emerging Manager | Robert Cantwell, Portfolio Manager
Trailer – Compound Kings: Lessons Learned as an Investor and Emerging Manager | Robert Cantwell, Portfolio Manager
Emi Gal of Ezra: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Trailer – Emi Gal, Founder & CEO of Ezra | Tracking 150 Biomarkers, Annual Challenges, Peak Health by 40, Becoming More Disciplined, and More
Ezra: Bringing Fast and Affordable Early Cancer Detection to Everyone | Emi Gal, Founder & CEO
Trailer – Ezra: Bringing Fast and Affordable Early Cancer Detection to Everyone
Andrew Herr of Fount: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Trailer – Andrew Herr of Fount | 20 Minute Playbook
Fount: Bringing the Performance Secrets of the U.S. Navy SEALs to Everyone | Andrew Herr, Founder & CEO
Trailer – Fount: Bringing the Performance Secrets of the U.S. Navy SEALs to Everyone | Andrew Herr, Founder & CEO
Saad Alam of Hone Health: My Favorite Books, Tools, Habits and More | 20 Minute Playbook
Trailer – Saad Alam of Hone Health
Hone Health: On Testosterone, Telehealth, and Building a Modern Men’s Health Platform | Saad Alam, Founder & CEO
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