On today’s show, I invited Bryan Lawrence to join us. His company Oakcliff Capital has outperformed the S&P500 since its inception on June 1, 2004. By December 31, 2021, the S&P500 has returned 392% compared to Oakcliff Capital, returning 718% after fees.    IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro 00:00:12 - What is the investment strategy of Oakcliff Strategy? 00:04:56 - How do you develop the conviction to invest in a company? / The investment thesis behind Charter Communications 00:15:19 - How does Bryan Lawrence generate investment ideas 00:24:43 - How outperforming the market still requires you to underperform the market at times 00:27:48 - What is Bryan Lawrence's competitive advantage 00:40:47 - How do you identify the right investment manager 00:45:14 - How do you align interest behind the investment manager and their clients 00:53:30 - Is there such a thing as an optimal fund size? 00:57:50 - How to evaluate skill set and fund size 00:59:17 - How should investors factor in inflation 01:06:50 - Balancing the right level of cash and why it has been 16% on average for Bryan. ☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping — that’s more than 40 cups of coffee for free! To get started, take the quiz at https://drinktrade.com/TIP, and start the journey to your perfect cup. ✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: https://open.spotify.com/episode/47DBLK4DFKEFz4Aq0b33ra 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/episodes/beating-the-sp500-since-2004-w-bryan-lawrence 📖 BOOKS MENTIONED: - Einstein by Walter Isaacson: https://amzn.to/3uxw1F8 - Getting There by Gillian Zoe Segal: https://amzn.to/3vem2DK Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ EPISODES MENTIONED: - (TIP351) The Psychology Of Money w/ Morgan Housel: https://www.theinvestorspodcast.com/episodes/psychology-of-money-w-morgan-housel/ - (TIP031) My Interview With Warren Buffett And Other Billionaires w/ Gillian Zoe Segal: https://www.theinvestorspodcast.com/episodes/interview-with-warren-buffett-and-other-billionaires-with-gillian-zoe-segal/ 💡 OTHER RESOURCES: - Stig's Twitter Account: https://twitter.com/stig_brodersen - Oakcliff Capital’s Website: https://oakcliffcapital.com/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.