William Green talks to Nima Shayegh of Rumi Partners about the investing wisdom of Lou Simpson and the power of ignoring the noise to deliver excellent returns. IN THIS EPISODE YOU WILL LEARN: 00:00:00 – Intro 00:06:41 – How Nima Shayegh came to see investing as the ultimate intellectual adventure. 00:10:31 – Why investors need to look beyond numbers to understand the deep truths about companies. 00:16:56 – What driving a Tesla taught him about the great experience of quality. 00:21:05 – Why investors should leverage intuition and emotions, but avoid ego. 00:36:31 – How to succeed by owning resilient businesses and ignoring macro forecasts. 00:39:26 – What qualities made Nima’s mentor, Lou Simpson, an investing legend. 00:49:27 – How Lou Nima learned to avoid noise, distractions and 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 dinner with Charlie Munger. 01:30:26 – Why we should surrender to uncertainty and 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: There may be slight differences in timestamps due to differences in podcast platform. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to share engage in meaningful discussions about stock investing with Stig, Clay, Kyle and the other members of the community. Inquire about William Green’s Richer, Wiser, Happier Masterclass. Read Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle. Read Small is Beautiful & A Guide for the Perplexed by EF Schumacher. Read Jalal ad-Din Muhammad ar-Rumi’s book, The Ultimate Rumi Collection. Take a look at the book Barbarian Days by William Finnegan. Take a look at William Green’s book, Richer, Wiser, Happier. Follow William Green on X. Related books mentioned in the podcast. Ad-free episodes on our Premium Feed. NEW TO THE SHOW? Get smarter at valuing companies in just a few minutes a week with our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires starter Packages. Follow our official social media accounts: | Link edIn | Inst agram | Face book | Tik Tok . Browse all our episodes (complete with transcripts) He again. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tools . Enjoy exclusive benefits from our Favorite Apps and services. Learn how to better start, manage, and grow your business with the Best Business Podcasts. SPONSORS Support our free podcast by supporting our sponsors: Simple Mining Human Rights Foundation Unchained HardBlock Linkedin Talent Solutions Onramp Amazon Ads Alexa+ Shopify Vanta Abundant Mines Horizon Public.com – view the full disclaimer here. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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