They say culture eats strategy for breakfast, but what does a winning culture actually look like?

In this festive episode of Outperformance Matters, Stephen Yiu is joined by investment analyst Sam Herlihy to dissect the core behaviours of elite teams. From the cut-throat environment of professional football to the rigid discipline of the military, they discuss whether the barracks and the dressing room hold a secret to better investing.

Also in this episode:

Crystal … balls: Why the investment industry is obsessed with annual outlooks - and why Stephen refuses to publish one.

Myth-busting: Stephen argues that "seeing the whites of a CEO’s eyes" is overrated, revealing why his most successful investment is led by a boss he has never met.

Capital at risk. Views we express on companies, asset classes and markets do not constitute Investment Recommendations and must not be viewed as such. Past performance is not a guide to future performance. This communication is issued by Blue Whale Capital LLP which is authorised and regulated by the Financial Conduct Authority.

Value is a misunderstood term in investing. Or maybe mis-applied. In this episode of Outperformance Matters, Chief Investment Officer of Blue Whale Capital, Stephen Yiu explains how his early career shaped the views on value he still holds today.

Also in this episode: bubbles and what’s driving them in markets. And the regular section busting myths in investment. Appropriately for an episode covering value, this one challenges the focus on the price of fund management.

Capital at risk. Views we express on companies, asset classes and markets do not constitute Investment Recommendations and must not be viewed as such. Past performance is not a guide to future performance. This communication is issued by Blue Whale Capital LLP which is authorised and regulated by the Financial Conduct Authority.

Most active fund managers fail to beat the market, but some find success through a distinctive approach. In this episode of Outperformance Matters, Chief Investment Officer of Blue Whale Capital, Stephen Yiu, argues that high conviction is one of the most effective paths to beating the market.

Stephen reveals the personal experience that encouraged him to embrace a concentrated portfolio of just 25 companies, explains why rules stop him concentrating even further, and shares Warren Buffett's maxim on how wealth is really built. Plus, he offers a provocative take on why the London Stock Exchange is losing its competitive edge and busts an investment myth about equity income. Capital at risk. Views we express on companies, asset classes and markets do not constitute Investment Recommendations and must not be viewed as such. Past performance is not a guide to future performance. This communication is issued by Blue Whale Capital LLP which is authorised and regulated by the Financial Conduct Authority.