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We Study Billionaires - The Investor’s Podcast Network
TIP664: The Nomad Investment Partnership Way: Quality In Business and Beyond w/ Kyle Grieve
Sep 29, 2024
Kyle Grieve, an expert in the Nomad Investment Partnership’s investing philosophy, shares insights into their unique strategies. He discusses how inactivity can lead to success in certain businesses and highlights the remarkable returns of companies like Amazon and Costco post-financial crisis. Grieve emphasizes the importance of understanding a business deeply to achieve outsized returns, and how profit-sharing models can benefit both customers and companies. He also addresses commitment bias and urges investors to focus on long-term quality rather than short-term gains.
01:02:24
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Quick takeaways
- The Nomad Investment Partnership emphasizes evaluating companies that prioritize customer relationships by sharing profits, aligning stakeholder interests for mutual benefit.
- Utilizing the 'cone of uncertainty' model aids investors in assessing risk and narrowing focus on businesses likely to yield favorable outcomes over time.
Deep dives
Investment Philosophy Focused on Quality
Nick and Zach emphasize a deep commitment to quality within their investment philosophy, extending beyond merely selecting high-quality businesses. They seek out companies that not only excel in their respective fields but also prioritize customer relationships by sharing excess profits. This approach leads them to favor business models that embody scale economies shared, where cost savings are passed on to consumers, creating reciprocal loyalty. The structure of their partnership mirrors this quality focus, designed to ensure that returns primarily benefit partners rather than just the fund managers.
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