Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors

Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors

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Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors episodes

  • Cheat Sheet: The Secret to Eternal Life in Business
    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
    33 min
  • Worm Capital: Investing in Disruptive Technology, Worm Theory, and The Worm Algorithm | Outlier Investors
    We’re joined by Eric Markowitz, Head of Research at Worm Capital, to explore Worm Theory, the Worm Algorithm, and investing in disruptive technology. We go deep on being an optimistic and open-minded investor, time horizons, thinking in decades, and constructing a survivable portfolio.
    “I think we're just optimists. I think that we believe that technology and the culture that we live in will actually improve over time, that there will be more efficiencies across the market, that our lives will improve, that there can be some really great opportunities for wealth creation.” – Eric Markowitz
    EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
    https://www.danielscrivner.com/notes/worm-capital-investing-in-technology-and-disruption-eric-markowitz-spotlight-show-notes 
    FULL TEXT TRANSCRIPT
    https://www.danielscrivner.com/notes/worm-capital-investing-in-technology-and-disruption-eric-markowitz-spotlight-transcript 
    CHAPTERS
    This episode is our definitive guide to Worm Theory and investing in disruptive technology. In it we cover:
    (00:00:00) – Introduction
    (00:03:30) – Worm Capital’s focus on technology, innovation, and disruption
    (00:07:43) – Investing in the customer value proposition as it stands
    (00:16:19) – The Worm algorithm for investing
    (00:21:22) – Being an optimistic and open-minded investor
    (00:26:01) – Time horizons and thinking in decades
    (00:32:50) – Conviction and concentration
    (00:42:39) – Constructing a survivable portfolio
    (00:52:22) – Worm theory
    (01:02:00) – Investing in Tesla
    ABOUT WORM CAPITAL
    Worm Capital runs a concentrated long only strategy and invests in technology, innovation and disruption. They hold a concentrated portfolio of between five and 10 positions that today includes Shopify, Spotify, Tesla, Airbnb, Amazon, and NextEra Energy. Since inception, Worm has compounded their investors capital at over 31% per year, while the S&P 500 has delivered just over 15% over the same period. Worm Capital has a unique approach to investing, which they call the Worm Algorithm and Worm Theory to understand how they've generated such incredible returns over the last decade.
    💌 FREE NEWSLETTER
    https://www.outlieracademy.com/newsletter
    🎙 LISTEN ON
    iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
    Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
    Overcast: https://overcast.fm/itunes1523851182
    ABOUT OUTLIER ACADEMY
    Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
    Website: https://www.outlieracademy.com
    Twitter: https://www.twitter.com/outlieracademy
    ABOUT DANIEL SCRIVNER
    Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
    Website: https://www.danielscrivner.com
    Twitter: https://www.twitter.com/danielscrivner
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    1 hr 18 min
  • Trailer – Worm Capital: Investing in Disruptive Technology, Worm Theory, and The Worm Algorithm
    Worm is one of my favorite hedge funds. I've been reading their quarterly reports for years. They run a concentrated long only strategy and invest in technology, innovation and disruption. They hold a concentrated portfolio of between five and 10 positions that today includes Shopify, Spotify, Tesla, Airbnb, Amazon, and NextEra Energy. Since inception, Worm has compounded their investors capital at over 31% per year, while the S&P 500 has delivered just over 15% over the same period.
    I sat down with Eric Markowitz, Worm's Head of Research, to dive into Worm's unique approach to investing which they call the Worm Algorithm and Worm Theory to understand how they've generated such incredible returns over the last decade.
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    5 min
  • Eric Markowitz, Head of Research at Worm Capital | Worm's Two-Step Research Process, Favorite Books, and More
    Eric Markowitz shares his journey from being an award-winning journalist to the Director of Research at Worm Capital—leading all of the research that informs Worm’s concentrated, long-only, technological disruption investment focus. Eric shares why investing is all about making good calculated bets, the important of slowing down the research process, how he avoids making behavioral mistakes, and so much more.
    “I think the lesson learned is there’s so much value to patience in this business. That just slowing down not only the research process, but the actual allocation and trading process, is immensely valuable. Some of the greatest investors just do nothing, right? That is such a hard thing to conceptualize—especially in a culture that values action and values doing things. Most of the time, really the best answer is to do nothing.” — Eric Markowitz
    EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
    https://www.danielscrivner.com/notes/eric-markowitz-worm-capital-playbook-show-notes 
    FULL TEXT TRANSCRIPT
    https://www.danielscrivner.com/notes/eric-markowitz-worm-capital-playbook-transcript 
    CHAPTERS
    (00:00:00) - Introduction
    (00:01:56) – Eric’s Path from Journalist to Director of Research
    (00:07:57) – Why Investing is About Making Good Calculated Bets
    (00:09:47) – Worm’s Two-Step Research Process
    (00:13:21) – The Importance of Slowing Down the Research Process
    (00:15:36) – Guardrails and Keeping Bad Information Out of the Research Process
    (00:19:48) – Worm’s Behavioral Advantages in Investing
    (00:23:44) – Eric’s Recent Obsessions: The Future of Robotics
    (00:26:54) – Eric Markowitz’s Favorite Books
    ABOUT ERIC MARKOWITZ
    Eric Markowitz is the Director of Research at Worm Capital. Worm runs a concentrated long-only strategy and invests in technological disruption. They call themselves "value investors focused on the future” and are drawn toward messy, complicated sectors of the market that are difficult to understand—and even more difficult to accurately price.
    Before joining Worm Capital, Eric worked as an award-winning investigative business journalist and wrote from Inc., The New Yorker, and Newsweek. As the Director of Research, Eric leads all of Worm’s research efforts including mapping out new industries, understanding new technologies, and breaking down investment targets to understand the inputs and outputs that drive their business.
    Twitter | Worm Capital | The Nightcrawler
    💌 FREE NEWSLETTER
    https://www.outlieracademy.com/newsletter
    🎙 LISTEN ON
    iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
    Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
    Overcast: https://overcast.fm/itunes1523851182
    ABOUT OUTLIER ACADEMY
    Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
    Website: https://www.outlieracademy.com
    Twitter: https://www.twitter.com/outlieracademy
    ABOUT DANIEL SCRIVNER
    Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
    Website: https://www.danielscrivner.com
    Twitter: https://www.twitter.com/danielscrivner
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    31 min
  • Trailer - Eric Markowitz, Head of Research at Worm Capital | 20 Minute Playbook
    In tomorrow's 20 Minute Playbook, we sit down with Worm Capital's Head of Research, Eric Markowitz. We cover everything from Worm's two-step research process to Eric's favorite books, as well as the tiny habit that's had the biggest positive on his life and the advice he'd give his younger self if he could go back in time.
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    2 min
  • #142 The Laws of Creativity: How to Unlock Your Originality and Awaken Your Creative Genius | Joey Cofone, Author & Founder of Baronfig
    Joey Cofone, Founder & CEO of the much loved “tools for thinkers” company Baronfig, joins me on Outlier Book Club to decode his new book, The Laws of Creativity. We cover why creativity isn’t magic, how creators across history from Albert Einstein to Grace Hopper and Bruce Lee wielded creativity to reach incredible heights, practical ways to hone your creativity, a framework for generating ideas, Joey’s process for writing the book, and so much more.
    “At this point in my career, I have art directed over 100 products from a rough idea into consumer’s hands. I’ve collaborated with incredible creators like James Clear and Roxane Gay. There came a point where it was very obvious how it all worked and fit together—because I was always interested not just in what I was doing but how I was doing it.” — Joey Cofone
    EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
    https://www.danielscrivner.com/notes/laws-of-creativity-joey-cofone  
    FULL TEXT TRANSCRIPT
    https://www.danielscrivner.com/notes/laws-of-creativity-joey-cofone-transcript   
    CHAPTERS
    (00:00:00) - Introduction
    (00:01:49) - Origin Story of The Laws of Creativity
    (00:06:39) - Distilling Down the Laws of Creativity
    (00:08:17) - What Creativity Is and Why It Isn’t Magic
    (00:18:17) - On Zeno’s Paradox and Choosing to Finish
    (00:22:58) - The Laws of Mindset, Action, and Greatness
    (00:25:57) - Joey’s Favorite Law: The Law of Competition
    (00:29:55) - The Law of Precision
    (00:33:00) - The Law of The Muse
    (00:36:06) - On Borrowing vs Stealing Ideas
    (00:39:42) - The Law of Simplicity
    (00:42:56) - The Law of Good Enough
    (00:46:51) - Joey’s Process for Writing the Book
    (00:55:54) - Knowing When the Book Was Done
    (01:02:07) - The Highs and Lows of Creating Baronfig
    (01:04:54) - Creativity vs Business
    (01:08:21) - Baronfig: The Idea Company
    ABOUT THE BOOK
    In his book The Laws of Creativity, Joey debunks why creativity isn’t magic and shares what it is, how it works, and how you can harness it in your everyday life. Learn how to unlock your originality and awaken your creative genius with Joey Cofone—award-winning designer and Founder & CEO of the much loved “Tools for Thinkers'' brand Baronfig.
    Each of the 39 Laws of Creativity are illustrated with inspiring, enlightening, and surprising stories of iconic creators across history—including Albert Einstein, Serena Williams, Martin Luther King Jr., Harry Houdini, Grace Hopper, Bruce Lee, and many more. Joey breaks down how these titans of history wielded creativity to reach incredible heights.
    “Drawing on decades of experience, Joey Cofone has distilled the elements of creativity into an excellent, easy-to-use guide. The Laws of Creativity provides a roadmap for unleashing the creative force inside you.” — James Clear, Author of Atomic Habits
    💌 FREE NEWSLETTER
    https://www.outlieracademy.com/newsletter
    🎙 LISTEN ON
    iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
    Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
    Overcast: https://overcast.fm/itunes1523851182
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    1 hr 14 min
  • #141 Joey Cofone, Founder & CEO of Baronfig | Favorite Baronfig Products, Skill vs Renown, Daily Disciplines, Favorite Books, and More
    Joey Cofone shares the lessons he’s learned as an award-winning designer, the Founder & CEO of Baronfig, and the author of The Laws of Creativity, including why he’s fascinated with the juxtaposition between skill and renown, how he worked with James Clear to design the Clear Habit Journal, why experimentation is Baronfig’s most important value, how rock bottom taught him how to take risks, and so much more.
    “There’s a stereotype of creatives, which is that they’re just flying by the seat of their pants. I’m here to tell you that it’s absolutely not true. We need to separate that from what creativity is. We need to decouple this ridiculous stereotype so that more people can blossom creatively.” — Joey Cofone
    EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
    https://www.danielscrivner.com/notes/joey-cofone-playbook   
    FULL TEXT TRANSCRIPT
    https://www.danielscrivner.com/notes/joey-cofone-playbook-transcript    
    CHAPTERS
    (00:00:00) - Introduction
    (00:01:08) - Wrestling with Skill vs Renown
    (00:02:57) - Why People Would Be Surprised at Joey Cofone’s Daily Discipline
    (00:04:04) - Why Joey Cofone Has Been Tracking His Habits for 13 Years
    (00:05:21) - Joey Cofone’s Favorite Baronfig Products
    (00:07:23) - How Joey Cofone and James Clear Designed the Clear Habit Journal
    (00:10:46) - The Laws of Creativity by Joey Cofone in 90 Seconds
    (00:12:51) - How Rock Bottom Taught Joey Cofone How to Take Risks
    (00:16:07) - Why the Most Important Value at Baronfig is Experimentation
    (00:22:08) - Joey Shares His Favorite Books Including Radical Candor and The Phantom Tollbooth
    (00:23:47) - Joey Cofone’s Favorite Advice From His Barber and Malcom Gladwell
    (00:26:11) - How Joey Cofone Learns From Failure at Baronfig
    ABOUT THE GUEST
    Joey Cofone is the Founder & CEO of Baronfig and an award-winning designer and entrepreneur. His work has been featured in Fast Company, Bloomberg, New York Magazine, Bon Appétit, Quartz, Mashable, Gizmodo, and Print, among others. Joey was named a New Visual Artist and, separately, Wunderkind designer by Print magazine.
    He strives to make work that appeals to curious minds—work that’s beautiful, smart, and communicative. He believes that design is the least of a designer’s worries, that story is at the heart of all tasks, and jumping off cliffs is the only way to grow.
    💌 FREE NEWSLETTER
    https://www.outlieracademy.com/newsletter
    🎙 LISTEN ON
    iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
    Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
    Overcast: https://overcast.fm/itunes1523851182
    ABOUT OUTLIER ACADEMY
    Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
    Website: https://www.outlieracademy.com
    Twitter: https://www.twitter.com/outlieracademy
    ABOUT DANIEL SCRIVNER
    Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
    Website: https://www.danielscrivner.com
    Twitter: https://www.twitter.com/danielscrivner
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    30 min
  • Cheat Sheet: On Category Creation, Languaging, and Why Competition is for Losers
    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 one of the internet’s most-read writers (100M+ views), Nicolas Cole, and his latest book Snow Leopard: How Legendary Writers Create a Category of One with co-authors Eddy Yoon and Christopher Lochhead.
    Read the newsletter companion to this episode:
    https://www.cheatsheetnewsletter.com/p/category-creation-and-avoiding-competition
    Here are the 3 big ideas in this week's Cheat Sheet:
    Competition is for losers, avoid it at all costs.
    How Eight Sleep created the Sleep Fitness category.
    How to find and create your own category of one.
    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
    Nicolas Cole, Co-Founder of Category Pirates and Ship 30 for 30 | Favorite Books and Writing Tools, Enduring Boring Things, and Why Great Writing Changes the Reader
    Listen Now | Watch Now | Episode Guide | Transcript
    BOOK CLUB
    Snow Leopard: How Legendary Writers Create a Category Of One | Nicolas Cole, Author and Co-Founder of Category Pirates
    Listen Now | Watch Now | Episode Guide | Transcript
    Learn more about your ad choices. Visit megaphone.fm/adchoices
    25 min

About Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors

From the publisher's feed

Learn from history's greatest innovators, founders, and investors with a mix of interviews and summaries of the best books, essays, and lectures. Each week, Daniel Scrivner decodes the ideas, strategies, and frameworks used by the best innovators, founders, and investors. Past guests include Scott Belsky (Adobe), Gokul Rajaram (DoorDash), Kevin Kelly (WIRED), Sir Ronald Cohen (IMPACT), Erling Kagge (Everest Explorer), along with the founders of Wealthfront, Public.com, Primal Kitchen, 1-800-GOT-JUNK, Levels, and Eight Sleep. Visit OutlierAcademy.com for episode notes, searchable transcripts, videos, and more.

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