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
All-Time Top 10 Guests – #3 Verlyn Klinkenborg (Several Short Sentences About Writing: A Masterclass on Becoming a Better Writer)
All-Time Top 10 Guests – #4 Dan Roller (Maran Capital: Investing in Buy and Build Compounders in Public Markets
All-Time Top 10 Guests – #5 Carey Smith (Big Ass Fans: The World's Least Sexy $500M Business)
All-Time Top 10 Guests – #6 Laurence Gonzales (Deep Survival: The Incredible Neuroscience of Survival, Who Lives, and Who Dies)
All-Time Top 10 Guests – #6 Laurence Gonzales (The Chemistry of Fire: Stories from the Top of Mount Washington to 12,000 Feet Beneath the Ocean to Night Assaults with the 82nd Airborne Division)
All-Time Top 10 Guests – #7 Sebastiaan de With (Lux: On Building the Apple Design Award-Winning Apps Halide and Spectr
All-Time Top 10 Guests – #8 Jessica Hansen (NPR: On Finding, Owning, and Loving Your Voice)
All-Time Top 10 Guests – #9 Brandon Johnson (JFG Multi-Family Office: On Managing $1.8 Billion in Wealth, Investment Philosophy, and Teaching Kids About Money)
All-Time Top 10 Guests – #10 Kevin Kelly (On Technology's Origins, What Technology Wants, and Advising Steven Speilberg on Minority Report)
All-Time Top 10 Guests – #10 Kevin Kelly (Vanishing Asia: A Masterclass on the Past, Present, and Future of Asia)
Space Week – Delian Asparouhov (Varda Space Industries: On Space Manufacturing, Microgravity, and Building Factories in Outer Space)
Space Week – Mo Islam (Payload Space: Building a Media Brand to Cover the Business and Policy of Space)
Space Week – Mo Islam (My Favorite Books, Tools, Habits and More)
Space Week – Dylan Taylor (Voyager Space Holdings: Building the Berkshire Hathaway of Outer Space)
Best Books & Authors in 2022 – Joey Cofone (The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius)
Best Books & Authors in 2022 – Joey Cofone (Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More)
Best Books & Authors in 2022 – Marc Champagne (Personal Socrates: On Self-Reflection, Self Improvement, and the Socratic Method)
Best Books & Authors in 2022 – Marc Champagne (My Favorite Books, Tools, Habits, and More)
Best Books & Authors in 2022 – Brian Scudamore (Willing to Fail [WTF]: How Failure Can Be Your Key to Success)
Best Books & Authors in 2022 – Brian Scudamore (My Favorite Books, Tools, Habits, and More)
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