Beating the Market 15 Years in a Row, Lessons from Jeff Bezos | Lisa Rapuano
Beating the Market 15 Years in a Row, Lessons from Jeff Bezos | Lisa RapuanoDescription
Lisa Rapuano outperformed the market 15 years in a row in the 90’s and 2000’s. We go deep on how she did it, including early investments in AOL, Dell, and owning 24% of Amazon in 2002.
She shares what she learned from Jeff Bezos and Michael Dell, what makes a good investor, plus her experience as a startup CFO and how it influenced how she thinks about investing.
For full show notes, visit: https://highlightai.com/share/883f2cc9-9771-4331-9a42-6ae236f50344
Timestamps:
(00:00 ) Intro
(03:18 ) Growing up middle class while dad worked at NASA
(12:31 ) Moving to Baltimore to work for Bill Miller
(18:12 ) What Lisa learned from Bill
(19:41 ) How value investing changed over the last 30 years
(26:40 ) Investing in internet stocks in the 90’s and 00’s
(29:50 ) Thinking a 13x win on AOL in 1996 would be the biggest of her career
(37:33 ) Teaching Barry Diller about the internet
(41:30 ) How Dell reinvented PC manufacturing and created a negative cash conversion cycle
(46:46 ) How Amazon survived the Dot Com Crash
(51:53 ) Buying 24% of Amazon in 2002
(53:15 ) Why companies get the investors they deserve
(57:22 ) What Lisa learned from Jeff Bezos
(1:04:31 ) Lessons from raising too much money
(1:07:57 ) Running her own fund from 2006-2016
(1:13:32 ) Why fees in asset management are too high
(1:15:20 ) Joining Facet out of retirement 2017
(1:20:20 ) What she learned about investing from operating
(1:23:47 ) Why women are better investors than men
(1:26:43 ) How to hire outlier candidates
(1:35:06 ) Why no one can be the next Warren Buffett
(1:39:54 ) When to sell your winners
Follow Lisa:
LinkedIn: https://www.linkedin.com/in/lisa-rapuano/
Follow Turner:
Twitter: https://twitter.com/TurnerNovak
LinkedIn: https://www.linkedin.com/in/turnernovak
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