About Outperformance Matters Presented by Blue Whale Capital
In a world full of noise, Outperformance Matters cuts through with clarity and conviction. Brought to you by the team at Blue Whale Capital, this podcast features thoughtful conversations with the investors behind the fund exploring the ideas, strategies, and stock stories driving long-term performance.
Honest insight from the people making the decisions, designed to inform and challenge conventional thinking. Whether you’re an experienced investor or simply curious about what drives quality growth, join us as we explore the fundamentals of outperformance in a changing world.
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.
What actually separates investors who outperform from those who don’t?
In this episode, Stephen Yiu pulls together the seven core principles behind successful investing that he’s set out in the series so far. From Nvidia’s explosive rise to the hidden risks of investing close to home, he explains how professional investors think when markets become turbulent – and beforehand. If you’ve been following Outperformance Matters from the start, this is your one-stop-shop. If you’re new, try this episode and then mine the rest for detail.
16 Feb 2026
Do Your Homework - Episode 7
When markets turn south, the hard work should have already been done long beforehand.
In this episode, Stephen Yiu explains the professional investor’s approach to volatility, applying the same rigour as always but with the added pressure of falling markets. It comes down to knowing the companies in your portfolio well enough to know if the market has got it wrong. You can’t avoid doing your homework, he says.
Also in this episode of Outperformance Matters: how to ride the popularity of gold but without the hassle of … gold. And another myth busted: investing styles should go out of fashion.
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.
18 Dec 2025
Culture eats (strategy) for breakfast - Episode 6
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.
28 Nov 2025
The Value of Everything - Episode 5
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.
17 Oct 2025
The Courage of Convictions - Episode 4
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.
18 Sept 2025
AI: Hype vs. Reality - Episode 3
The excitement around AI is everywhere, but is it backed by real-world application? This episode tackles the bubble question head-on, sparked by a listener's query. Stephen Yiu and AI specialist Mo Mulla separate the spenders from the suppliers, arguing that the real opportunity lies with the "picks and shovels" of the AI revolution. We explore the staggering growth of Asian tech, the future of AI in medicine and robotics, and how to spot lasting value amidst the noise. If you're wondering how to invest in AI without getting burned by the hype, this episode is for you.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.
4 Sept 2025
Contrarian Investing: How to Stay Ahead of The Curve - Episode 2
You cannot outperform by doing what everyone else does. Stephen Yiu builds on that simple idea and adds what most investors miss. This episode covers narrative shifts, decision timing, and the discipline to change your mind fast. No hype, just usable thinking drawn from recent market experience. There is a quiet win, a prudent exit, and a challenge to a comforting belief. If you are curious about where human judgment still trumps the model, this episode of Outperformance Matters is for you.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.
1 Aug 2025
The Matrix: Active vs. Passive - Episode 1
Passive investing is gaining ground in the UK, driven by cold, hard logic. It’s a cheap way to get broad access to markets. But what if the machines have a blind spot?
Stephen Yiu, Chief Investment Officer of Blue Whale Capital, argues that outperformance can be found where automated strategies fall short.
Listen to this podcast to discover why 'alpha' lies not in tracking the past, but in funds that look to the future, anticipating market shifts before indices can react. From emerging tech giants to shifts in geopolitics, human insight is indispensable in an inefficient market. Yiu unveils the stark reality for active funds: adapt or face extinction. For those that can act on their insight, the coming era presents an unprecedented opportunity to redefine true outperformance.
Are you ready to explore where human intelligence has the edge over algorithmic efficiency? Listen to this first podcast in our 'Outperformance Matters' series"
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
Host of Outperformance Matters Presented by Blue Whale Capital?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
