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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.😄
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..
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.
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.
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!
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.
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 ! 👍
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. :)
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.
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.
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.
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!
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!
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⚠ IMPORTANT: Please beware of cyber scams and phishing attacks. We will never ask for your contact info in the comments section. Kindly report suspicious accounts you see below. Thank you!
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.😄
Thank you so much for the support!
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..
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?
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.
Thanks so much for the support!
Your kind words are very much appreciated! Glad you are enjoying the show. 🙏
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.
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!
Glad you enjoyed this episode, Dylan! Thank you so much.
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.
I finally started this book and can tell it's well worth the read!
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 ! 👍
Glad you enjoyed it!
I never heard of him until now, but it's investment ideologies are phenomenal. Great video! Thank you for sharing!
Awesome! Thanks so much for tuning in, Adrian!
Very insightful and well-structured content. Well-delivered too, thank you Clay
Glad you enjoyed it!
Zen and the Art of Motorcycle Maintenance changed my life, too ❤
Does anyone know if he owns or is writing about ASOS recently? Many thanks David…
Hey David - to my knowledge, Sleep has been pretty private the past couple of years. I haven't seen an update on ASOS.
with a name like 'Sleep' you have to be a long term investor
Love the way you summarized Nick's approach.
Glad you liked the video!
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. :)
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.
underrated channel. Keep it up brother.
Appreciate it, Anh!
Truly Brilliant Investor!
Glad you enjoyed the episode!
Thanks ,a great summary of nick sleep letters lesson...
Glad you liked it!
Well done Clay 👏
High quality..with time you'll get more subs
Thank you so much for the support! Please feel free to share to your friends.
Great listen, thank you! I believe he sold asos
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.
Thank you for sharing this information.
Glad it was helpful!
I just love this, more of this brother and keep It up ❤
So glad you're enjoying the episodes!
Is Nick Sleep stil in ASOS? Dont think so. Does anybody know?
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.
@@nobly94I wonder where bard got that information from? Can’t see to find any updates online re asos.
Part 3, link isn't in the note.
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!
PDD!
5:38
???????
Apple will take Buffett down. No other stock has 50-95% downside if one to three separate but quite likely events happen.
Looks like he'll be okay
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!