Founders #364 Nick & Zak's Excellent Adventure: How Nick Sleep and Qais Zaharia Built Their Investment Partnership
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Sep 10, 2024 Discover how Nick Sleep and Qais Zakaria forged a unique investment partnership that defies conventional wisdom. They share their personal journeys, emphasizing the importance of quality decision-making and intentional disconnection from short-term noise. Delve into their long-term strategy shift from undervalued stocks to high-quality companies like Costco, highlighting the value of patience and customer satisfaction. Their resilience during market downturns offers insights that are both practical and inspiring for aspiring investors.
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Zakaria's Father's Loss
- Qais Zakaria's father lost his fortune speculating in the stock market.
- This taught him a valuable lesson: make money on things you understand.
Unlikely Partnership
- After graduating, Zakaria faced unemployment and took an undesirable job.
- This led him to meet Nick Sleep, his future business partner.
Simplify by Ignoring
- Focus on what to ignore to simplify decision-making.
- Nick and Zach's target was a tenfold increase in Nomad's net asset value.
