The BEST Investor You've NEVER Heard Of: Nick Sleep (TIP492)

Рет қаралды 33,099

Күн бұрын

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Clay Finck reads through Nick Sleep's letters and distills the biggest lessons he learned from studying his writings and investment career. Through Sleep’s fund, the Nomad Investment Partnership, he achieved a stellar total return of 921% versus 117% for the world index during the 13 year period of the fund’s tenure from 2001 to 2014.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:11:37 - Nick Sleep’s Investment Approach
00:15:23 - Portfolio Diversification
00:19:45 - Destination Analysis
00:21:17 - Great Financial Crisis
00:32:10 - Costco
00:38:04 - Assessing Moat Quality
00:40:56 - Power of Incentives
00:42:38 - Amazon
00:50:51 - Charity Holdings
00:51:32 - ASOS
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/e...
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- Richer, Wiser, Happier by William Green: amzn.to/3RX9gDp
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Пікірлер: 53

@WeStudyBillionaires Жыл бұрын

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@662gouravnagia6 Жыл бұрын

Learning from nick sleep 1. Pick a high quality stock 2. Hold it forever 3. Don't overdiversify great learning from this channel your channel is a hidden gem. people will find it late like we saw amazon and costco today.😄

@WeStudyBillionaires Жыл бұрын

Thank you so much for the support!

@bluegtturbo 10 ай бұрын

Sounds reasonable but .. Back in the late 50s people would have said all 'nifty fifty' companies such as kodak, xerox etc were great companies. Ten years later they'd lost 90 percent of their value..

@willh528 11 ай бұрын

I always wonder about negative evidence as Talib Nassim talks. How many people ran a fund like Nick but failed because they didn't pick Amazon?

@MrKodsine Жыл бұрын

Very insightful and well-structured content. Well-delivered too, thank you Clay

@WeStudyBillionaires Жыл бұрын

Glad you enjoyed it!

@jordankendall86 Жыл бұрын

Thank you for sharing. I decided to look up IGY Limited investments and they are invested in AMZN, COST, and BRK.A. The interesting thing though is that they recently trimmed the position in COST a little bit, only 2%. That is probably to fund whatever purpose the IGY Limited investments serves. I liked the concept of many customers with low margins because your business model is to always pass low prices to your customers. I do believe Costco is still doing this today, but I have seen that they are pushing higher value products onto customers. For example, Costco used to provide a regular branded almond milk that I loved to buy, but then they decided to only carry the organic branded almond milk. So, I stopped buying almond milk at Costco and now I buy almond milk almost exclusively at Walmart because they have a regular store brand almond milk that is significantly cheaper. I have noticed this trend in other products where they are replaced by more expensive alternatives. I am sure Costco is getting a good price for these more expensive alternatives, but net-net Costco is making more money by selling a more expensive item. I hope Costco does not continue this trend or they will essentially alienate the majority of the customer base that come for low prices on everyday basic goods.

@MonkstoneCapital Жыл бұрын

This was excellent. I loved reading the Nomad letters last year. I would definitely recommend Zen and the art of Motorcycle Maintenance to anyone interested in having more insight into Nick Sleep’s philosophy on investing and life. If you could somehow get him on the investors podcast you’d go down in the podcast hall of fame!

@WeStudyBillionaires Жыл бұрын

Glad you enjoyed this episode, Dylan! Thank you so much.

@CP-wo4ou Жыл бұрын

Well done Clay 👏

@callingwinner7215 Жыл бұрын

Thanks ,a great summary of nick sleep letters lesson...

@WeStudyBillionaires Жыл бұрын

Glad you liked it!

@ajitnair9705 Жыл бұрын

Nick's investment philosophy is insightful and truly interesting! Well presented, Clay, great listen, and well summarized by you! Excellent presentation, truly engaging, and enriching too ! 👍

@WeStudyBillionaires Жыл бұрын

Glad you enjoyed it!

@77magicbus Жыл бұрын

You have a great podcast going here. Your voice is pleasant to listen to. You thoroughly research your subject. You are genuinely interested in investing yourself. I consider your videos to be amongst the very best here.

@WeStudyBillionaires Жыл бұрын

Thanks so much for the support!

@clayfinck Жыл бұрын

Your kind words are very much appreciated! Glad you are enjoying the show. 🙏

@adrianking2937 Жыл бұрын

I never heard of him until now, but it's investment ideologies are phenomenal. Great video! Thank you for sharing!

@WeStudyBillionaires Жыл бұрын

Awesome! Thanks so much for tuning in, Adrian!

@ugeshinvestor2414 Жыл бұрын

Love the way you summarized Nick's approach.

@WeStudyBillionaires Жыл бұрын

Glad you liked the video!

@wissemnaoui Жыл бұрын

High quality..with time you'll get more subs

@WeStudyBillionaires Жыл бұрын

Thank you so much for the support! Please feel free to share to your friends.

@pareshpatel2642 Жыл бұрын

Thank you for sharing this information.

@WeStudyBillionaires Жыл бұрын

Glad it was helpful!

@rheuevr Жыл бұрын

costco , asos & amazon similarity : leader in consumer shopping. difference is only amazon venture into leader in cloud computing. but even without amazon, he will still make it into 1 of the greatest investor base on the portfolio selection.

@lesleyjohnson8488 5 ай бұрын

Zen and the Art of Motorcycle Maintenance changed my life, too ❤

@Atemi1990 Жыл бұрын

Truly Brilliant Investor!

@WeStudyBillionaires Жыл бұрын

Glad you enjoyed the episode!

@anhgiap9809 Жыл бұрын

underrated channel. Keep it up brother.

@WeStudyBillionaires Жыл бұрын

Appreciate it, Anh!

@dallemj9444 Жыл бұрын

I just love this, more of this brother and keep It up ❤

@WeStudyBillionaires Жыл бұрын

So glad you're enjoying the episodes!

@DavidSmith-do6ji Жыл бұрын

Does anyone know if he owns or is writing about ASOS recently? Many thanks David…

@clayfinck Жыл бұрын

Hey David - to my knowledge, Sleep has been pretty private the past couple of years. I haven't seen an update on ASOS.

@sheming106 Жыл бұрын

Great listen, thank you! I believe he sold asos

@clayfinck Жыл бұрын

Thanks, Sten! It really means a lot. Would you happen to recall why you believe that he sold his position? I didn't end up taking a position in ASOS, but I'm curious.

@SiddhantGoenka.Official Жыл бұрын

from all the negative news about the money being put in for the verse by meta. the free cash flow down to 400 mil from 2 billion, mcap down to 250+ billion. one line "supernormal returns in the public markets rarely live in pristine stories without any controversy or issue". as you asked what do you think is undervalued or has a potential. i personally have started buying meta from 90 dollars, plan to hold it for the long run. :)

@piyush7700 Жыл бұрын

Something wrong with subtitles. Great video as usual!

@WeStudyBillionaires Жыл бұрын

Hi @piyush7700, we checked the subtitles, and it seems to be correct - do let us know which part you mean :) (*the timestamps are inaccurate as it's following the podcast audio version)

@mirroryrself6273 9 ай бұрын

Part 3, link isn't in the note.

@WeStudyBillionaires 9 ай бұрын

Hi! This is not a series 🙂 All of the links should be here in the show notes www.theinvestorspodcast.com/episodes/the-best-investor-youve-never-heard-of/ Thank you!

@tszngaiwong9103 11 ай бұрын

PDD!

@scarfacecapital. Жыл бұрын

5:38

@guyredares 7 ай бұрын

with a name like 'Sleep' you have to be a long term investor

@Lukezkywalker Жыл бұрын

Is Nick Sleep stil in ASOS? Dont think so. Does anybody know?

@nobly94 Жыл бұрын

I think he sold out his stock in 2021 I asked Bard: Nick Sleep is no longer invested in ASOS. He sold his entire stake in the company in 2021. Sleep cited a number of reasons for his decision, including concerns about the company's slowing growth and rising costs. He also expressed disappointment with the company's management team. ASOS is a British online fashion retailer that was founded in 2000. The company has grown rapidly in recent years, but it has faced some challenges in recent months. In particular, the company has been hit by rising costs and supply chain disruptions. As a result, ASOS has warned that its profits will be lower than expected in the current financial year. Sleep's decision to sell his stake in ASOS is a sign that the company is facing some tough challenges. It remains to be seen whether ASOS will be able to overcome these challenges and return to growth. Here are some additional details about Nick Sleep's investment in ASOS: Sleep first invested in ASOS in 2018. He bought a stake of around 5% in the company. Sleep's investment was worth around £200 million at the time. Sleep sold his entire stake in ASOS in 2021. The sale of Sleep's stake was worth around £100 million. Sleep cited a number of reasons for his decision to sell, including concerns about the company's slowing growth and rising costs. He also expressed disappointment with the company's management team.

@RParkinson 9 ай бұрын

@@nobly94I wonder where bard got that information from? Can’t see to find any updates online re asos.

@77magicbus 10 ай бұрын

YES, I read "Zen and the Art of Motorcycle Maintenance." I read it back in 1982 when I was in college. It is a game changer!!! Hint: You don't need to have a lot of wrenches or experience with combustion engines and motors to read the book. It is about philosophy and understanding how we think and why we think the way we do. It also a novel about some friends on a journey while riding their motorcycles.

@clayfinck 9 ай бұрын

I finally started this book and can tell it's well worth the read!

@nickvanrensburg961 6 ай бұрын

Apple will take Buffett down. No other stock has 50-95% downside if one to three separate but quite likely events happen.

@audioplatform6299 6 ай бұрын

Oh boy.. Is this even ethical? This guy just paraphrases each sentence from Richer wiser happier and makes money.. Just because you quote the book couple of times does not mean you can steal every sentence from the book. Shameless!