TIP492: The Best Investor You've Never Heard of

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 8 November 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU'LL LEARN: 00:38:03 - Nick Sleep’s investment philosophy and how he was able to outperform the market from over his fund's tenure. 00:06:02 - Why Sleep bet big on Amazon and Costco in the early years of his fund. 00:14:54 - What fundamentally set Amazon and Costco apart from all other companies. 00:15:33 - Sleep’s ideas related to portfolio management and portfolio diversification. 00:23:14 - How Sleep uses Destination Analysis in selecting investment opportunities. 00:25:43 - How Sleep capitalized on purchasing cheap stocks during the great financial crisis. 00:36:45 - Some thoughts on one of Sleep’s recent purchases in ASOS. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Listen to Clay’s previous episode covering Warren Buffett's 12 Investment Principles. Learn how Warren Buffett built his $100 billion fortune here. Check out Bill Miller and William Green's conversation here. Check out John Huber's episode on Millennial Investing here. William Green's book - Richer, Wiser, Happier. Follow Clay on Twitter and Instragram. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Daloopa Sound Advisory Tastytrade Public Connect Invest Onramp Found American Express BAM Capital Fundrise Vanta Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:02.7	Hey everyone, welcome to the Investors Podcast.
0:06.0	I'm your host, Clay Fink, and I am just so excited to bring you today's episode covering
0:11.1	one of my very favorite investors out there, Nick Sleep.
0:15.2	During last week's episode, I did an intrinsic value analysis on Dollar General and Apple
0:20.5	using Warren Buffett's approach to analyzing and valuing a business.
0:25.0	Then at the end of the episode, I talked a bit about the lessons we can learn from Nick's
0:29.0	sleep in identifying a great business, buying it at a reasonable price, and holding it for
0:34.2	a very long time.
0:36.2	From there, I started reading into Nick's Sleep sliders, and I wanted to put together
0:39.6	an episode talking about his overall investment approach, how Buffett and Munger influenced
0:44.3	him, and his incredible investment track record.
0:47.8	Through his fund, the Nomad Investment Partnership, he achieved a stellar total return of 921
0:55.2	percent, versus 117 percent for the World Index, during the funds 10 years of 13 years
1:02.1	from 2001 to 2014.
1:04.6	I also touched on his home run investment in Berkshire Hathaway, Costco, and Amazon.
1:10.5	His Amazon investment in his personal portfolio got so large in his portfolio that he actually
1:16.4	decided to sell half of it and allocated to a fourth company, ASOS, which I'll be diving
1:22.3	into at the end of this episode, so be sure to stick around till the end.
1:26.5	Also, as I've mentioned in previous episodes, we are running a stock pitch competition for
1:31.9	the listeners to compete in.
1:33.8	If you'd like to submit a stock pitch and earn a chance to win $1,000, please visit
	...

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