In this episode, William Green chats with Nima Shayegh, a remarkably thoughtful hedge fund manager who runs a firm called Rumi Partners. Here, Nima speaks in depth about his legendary mentor, Lou Simpson, who was hailed by Warren Buffett as “one of the investment greats.” Nima shares what he learned from Lou & from his own investment experience about how to achieve superb returns by detaching ourselves from market noise & focusing on more essential truths.
What you’ll learn here:
00:00:00 – Intro
00:06:56 – How Nima Shayegh came to see investing as the ultimate intellectual adventure
00:10:57 – Why investors must go beyond numbers to grasp deep truths about businesses
00:17:26 – What riding in a Tesla taught him about the awesome experience of quality
00:22:02 – Why investors should harness intuition & emotions but avoid ego
00:35:03 – How to succeed by owning resilient businesses & ignoring macro forecasts
00:39:44 – What qualities made Nima’s mentor, Lou Simpson, an investing legend
00:49:55 – How Lou taught Nima to avoid noise, distractions & the lure of a flashy office
00:59:50 – Why Nima’s portfolio is dominated by stocks like AppFolio & Brookfield
01:16:10 – What he learned from having dinner with Charlie Munger
01:33:06 – Why we should surrender to uncertainty & welcome volatility
01:41:11 – What investors can learn from surfers about the value of self-reliance
01:44:06 – Why he named his investment firm after a 13th-century Sufi mystic
Transcript & Guest Info: https://www.theinvestorspodcast.com/richer-wiser-happier/a-soulful-path-to-stellar-returns-w-nima-shayegh/
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▶️ Related Episodes:
– Avoid Disaster w/ Superinvestor Howard Marks: https://youtu.be/hmHk_lqv_6s
– The Power of Elite Compounders: Why High Valuations Don’t Matter: https://youtu.be/GHdTa9dKR1c
– Why the Best Investments Are Often Hiding in Plain Sight w/ Shawn O’Malley: https://youtu.be/CWkxoisTwfY
📖 Books Mentioned:
– Concentrated Investing by Allen Benello, Michael van Biema, Tobias Carlisle: https://amzn.to/49cAZKO
– Small is Beautiful by E.F. Schumacher: https://amzn.to/4s3RDVz
– A Guide for the Perplexed by E.F. Schumacher: https://amzn.to/4s7RTTb
– The Ultimate Rumi Collection by Jalal ad-Din Muhammad ar-Rumi: https://amzn.to/4ar8ds3
– Barbarian Days by William Finnegan: https://amzn.to/3LdKm4G
– Richer, Wiser, Happier by William Green: https://amzn.to/4s9bIK2
Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP
Visit our website: https://www.theinvestorspodcast.com/richer-wiser-happier/
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⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
#NimaShayegh #RicherWiserHappier #ValueInvesting #LongTermInvesting #InvestingPsychology
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@A99450
I’m ready to bet $50k that the S&P 500 will beat his returns over a decade-long time period. All big talk amounts to nothing for most hedge fund investors.
@nagarajarakere6686
Too much rambling and little useful information. The interviewer also speaks too much and interrupts constantly. Why is the guest still riding the coat tails of Lou Simpson? Does he have any original ideas and actionable items? Not useful at all
@LordFubar420
Camera only fsd will get you killed at sunrise and sunset ! Copying what humans do wrong is a dumb idea. Tesla is useless in the rain and snow.
Anonymous
May be I missed it while watching but did he or the interviewer mention his actual market CAGR over the years? Buffett, Lou, Nick Sleep, they all have solid returns to back their claim to fame.
@mathieujasinski2383
Thanks William
@WeStudyBillionaires
📌 Check out this video next: https://youtu.be/hmHk_lqv_6s
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@harinair8715
Brilliant interview! Amazed that at such a young age Nima comes through as so mature. His language and communication skills are amazing. His temperament is suited for investing and should do well over the decades
@KamilMauel
Aren’t the egos (really thought provoking idea) the reason why the returns (recent, not from the prehistoric era) are almost never mentioned and the average hedge fund last 15 years has been hedging perfectly against the easiest index profit ever?
@ElLotdog
Great talk. Nima is certainly wise beyond his years.
@googlepioneerautotucker605
Proud of my Persian boy
@michaelijeh627
Awesome interview. He reminds me of Ravee Metha at Nishkama Capital. Your intuition matters!
@johnrogers9065
Where can we read Nima's shareholder letters?