"spend all your time on your single best idea"
our manager has already made his first mistake in investing in Costco from not buying enough
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
This is is the hardest part. You need to have money available, have enough conviction and be willing withstand the pressure for yeares
For me, the ability to concentrate, you know, to get fascinated with something and really dig into it, which as I got older I could choose what I concentrated on. And when I was in high school, I was okay at it, but I remember being down in my room thinking, "Okay, I'm going to work on my homework and do really well this year." But then there were
... See moreCHM Live | Bill Gates and Patrick Collison: In Conversation at CHM
you have to be a learning machine you have to be doing the work now he he
referenced many times that it takes a long time now but it makes you go faster later on but that you'll study something he would study like an American company for like 15 years it would take him 15 years to find the Asian counterpart Nick is telling us something very similar
... See moreFounders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
First part is Li Lu
Is this what I've been doing? I've been preparing and learning constantly to get to this point. And that's the long term mindset combined with a single idea and the memory as a service. I want you to encourage and explore but also to learn so that when you're ready you'll have done all the preparation you need to seize the opportunity.
we have argued that the biggest error an investor can make is the sale of Walmart or Microsoft in the early stages of the company's growth we wonder would selling Amazon today be the equivalent mistake of selling Walmart in 1980
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
why is this list not the same as the current Nomad portfolio
Founders Podcast • #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
This makes me think about what I'm interested in and what I subscribed to and spend my time listening to do and doing.
And cutting down everything until I can focus on what matters.
I can tell you that for renewal, a tough-minded optimism is best. The future is not shaped by people who don't really believe in the future. Men and women of vitality have always been prepared to bet their futures, even their lives, on ventures of unknown outcome.
pbs.org • John Gardner : Education and Excellence
When you see the world
As devoid of something
Only you can bring to life
You create magic
And if you fail,
You can still take comfort
In knowing you attempted
the impossible
Not the easy
simp 4 satoshix.comwhat the problem is what if we're right what if these are wonderful businesses what if Costco is going to get much bigger from here why is it then when you look at the history of investing that so few people cannot see success and what he means by that is they sell way too early so he says we take no comfort from the fact that not seeing success is
... See more