The Peel with Turner Novak Beating the Market 15 Years in a Row, Lessons from Jeff Bezos | Lisa Rapuano
Oct 24, 2024
Lisa Rapuano, a retired professional investor famous for beating the market for 15 consecutive years, shares insights from her remarkable journey. She discusses her early bets on companies like AOL, Dell, and Amazon, revealing key lessons from Jeff Bezos. Lisa emphasizes the importance of independent thinking in investing and contrasts practical and theoretical approaches to finance. She also highlights the significance of sound capital allocation while transitioning from investor to startup CFO, stressing the need for effective financial strategies and inclusivity in the finance industry.
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Growth's Value
- Lisa and Bill realized that growth has intrinsic value in the mid-90s.
- Companies with faster growth are worth more, leading to a shift in their investment strategy.
AOL Investment
- Lisa's AOL investment was a 13x return after buying when others were skeptical.
- David Rocker, a short-seller, told Lisa that AOL was going out of business, but she proved him wrong.
Dell Investment
- Lisa's team bought Dell because it looked cheap after a market downturn.
- They later realized Dell's innovative manufacturing process reduced cyclicality.