#364 Nick & Zak's Excellent Adventure: How Nick Sleep and Qais Zaharia Built Their Investment Partnership
Founders
Find an earned secret
Loyalty to a single investment, such as Costco, can yield substantial financial returns over the long term while allowing investors to engage deeply in thought and discussion rather than constant trading. By committing to a buy-and-hold strategy, investors free up mental space to explore and analyze new insights, which can lead to the development of significant investment philosophies. One compelling outcome of this approach is the discovery that businesses benefiting from scale economies tend to foster long-term corporate longevity. This understanding culminates in what some refer to as 'earned secrets,' which, when properly identified and leveraged, can provide a distinct advantage in investing for decades, much like the realization that although vertical market software companies pose challenges for venture investments, they present compelling opportunities for long-term ownership.
