This festive episode of Outperformance Matters begins with Stephen Yiu discussing the value of publishing investment outlooks for the year ahead. He questions their value, given the fact that financial results come our every quarter and that it is impossible to predict what will happen 12 months from now.
He is then joined by investment analyst Sam Herlihy to dissect the core behaviours of elite teams. The two discuss how their backgrounds in the army and professional football provided valuable lessons. These experiences have helped build a high performance team which is focussed on discipline and hard work to ensure the basics are done properly. Retaining a high performance culture requires bringing together the right people and ensuring they earn the right to have responsibility and autonomy.
As with all episodes of Outperformance Matters, the concludes with a Myth busting section which focusses on the importance of investors meeting the management teams of companies. Stephen Yiu argues that in most cases this is not valuable as all the information you need is publicly available. In fact, meeting management teams can be detracting as establishing a relationship may hinder the ability to act objectively.
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The Blue Whale Growth Fund was launched in September 2020. All references to actions before this date relate to the LF Blue Whale Growth Fund. Information on the LF Blue Whale Growth Fund is provided for comparison purposes only; it is a UK UCITS which is not registered for sale in nor is it promoted to investors in the EEA. Whilst the investment objectives and charges are not identical, both funds are run on the same investment process.
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