#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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ANECDOTE

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.

ANECDOTE

Unlikely Partnership

After graduating, Zakaria faced unemployment and took an undesirable job.
This led him to meet Nick Sleep, his future business partner.

ADVICE

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.

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