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TIP492: The Best Investor You've Never Heard of
We Study Billionaires - The Investor’s Podcast Network
Investing in a Capitalistic World
In 2008, Sleep's Nomad fund was down 45% while the MSCI World Index he references in his letters was down 40%. Despite the atrocious performance in 2008, Sleep stated that these times are the best of times for an investor. He said that Amazon was priced as if it wouldn't grow in the future despite them seeing some of the best growth prospects they could ever imagine for a company. By mid 2009, Amazon's revenues were up over 60% over the past couple of years yet the stock was all doom and gloom.
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