AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
#365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters to Partners
Founders
Think Big, Stay Focused
During economic downturns, companies like Amazon can thrive due to their strong growth potential and strategic investments. Despite a broader industry decline, Amazon's order volumes increased significantly, illustrating that scale economics work favorably even in tough times. Historical examples show that successful leaders, such as Sam Walton, have chosen not to engage with recessionary pressures, instead focusing on growth opportunities. Furthermore, diversification is often overvalued; instead of minimizing risk, it can actually increase it. Notable entrepreneurs like Walton, Gates, Carnegie, and Rockefeller succeeded by concentrating their investments rather than spreading them thin, leveraging deep knowledge rather than broad portfolios.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode