William Green talks with Nima Shayegh of Rumi Partners about Lou Simpson’s investing wisdom and the power of ignoring noise to achieve outstanding returns.
IN THIS EPISODE YOU’LL LEARN:
00:00:03 - Intro
00:06:41 - How Nima Shayegh came to see investing as the ultimate intellectual adventure.
00:10:31 - Why investors must go beyond numbers to grasp deep truths about businesses.
00:16:56 - What riding in a Tesla taught him about the awesome experience of quality.
00:21:05 - Why investors should harness intuition & emotions but avoid ego.
00:36:31 - How to succeed by owning resilient businesses & ignoring macro forecasts.
00:39:26 - What qualities made Nima’s mentor, Lou Simpson, an investing legend.
00:49:27 - How Lou taught Nima to avoid noise, distractions & the lure of a flashy office.
00:59:03 - Why Nima’s portfolio is dominated by stocks like AppFolio & Brookfield.
01:13:08 - What he learned from having dinner with Charlie Munger.
01:30:26 - Why we should surrender to uncertainty & should welcome volatility.
01:39:55 - What investors can learn from surfers about the value of self-reliance.
01:41:35 - Why he named his investment firm after a 13th-century Sufi mystic.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
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- Read Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle.
- Read Small is Beautiful & A Guide for the Perplexed by E.F. Schumacher.
- Read Jalal ad-Din Muhammad ar-Rumi’s book, The Ultimate Rumi Collection.
- Check out William Finnegan’s book Barbarian Days.
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