scripod.com
RWH064: A Soulful Path To Stellar Returns w/ Nima Shayegh

Overview

Shownote

Highlights

Transcript

Chapters

Pins

RWH064: A Soulful Path To Stellar Returns w/ Nima Shayegh

We Study Billionaires - The Investor’s Podcast Network

2025/12/21
We Study Billionaires - The Investor’s Podcast Network

We Study Billionaires - The Investor’s Podcast Network

2025/12/21
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

William Green talks with Nima Shayegh of Rumi Partners about Lou Simpson’s investing wisdom and the power of ignoring noise to achieve outstanding returns. IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:06:41 - How Nima Shayegh came to see investing...

Highlights

In this conversation, William Green sits down with Nima Shayegh, the founder of Rumi Partners, to explore the deeper dimensions of investing that extend far beyond financial models and market data. Their dialogue reveals how philosophy, intuition, and personal resilience shape long-term investment success, drawing wisdom from mentors like Lou Simpson and Charlie Munger, as well as unexpected sources like Sufi poetry and surfing.
03:21
Investing was a natural extension of my temperament and family conversations about human nature.
10:38
Roots—like management motivation and culture—are the most important drivers of a business's future economics.
20:13
Quality has its own frequency and is hard to explain in spreadsheet terms
21:06
Shutting off emotions is a mistake in investing; it's the ego, not emotions, that distorts decision-making.
36:40
Even top investors like Ben Graham and Buffett faced prolonged underperformance; long-term discipline matters most.
46:13
Lou Simpson asked sincere questions instead of boasting, showing a rare humility in finance.
52:33
Lou took a break to view art during a market downturn, showing how detachment protects health and judgment.
1:09:29
AppFolio’s non-promotional culture frustrates sell-side analysts but strengthens long-term ownership.
1:19:44
Charlie Munger held Costco through a flat decade due to trust in management quality and culture.
1:33:45
Stocks can do anything in the short term; avoid talking them up to prevent commitment bias.
1:40:02
Surrender in investing means accepting market fickleness and not trying to control the unknown.
1:53:31
Ego distorts perception like an unpolished bronze mirror, affecting investment decisions.

Chapters

Intro
00:00
How Nima Shayegh came to see investing as the ultimate intellectual adventure.
06:41
Why investors must go beyond numbers to grasp deep truths about businesses.
10:31
What riding in a Tesla taught him about the awesome experience of quality.
16:56
Why investors should harness intuition & emotions but avoid ego.
21:05
How to succeed by owning resilient businesses & ignoring macro forecasts.
36:31
What qualities made Nima’s mentor, Lou Simpson, an investing legend.
39:26
How Lou taught Nima to avoid noise, distractions & the lure of a flashy office.
49:27
Why Nima’s portfolio is dominated by stocks like AppFolio & Brookfield.
59:03
What he learned from having dinner with Charlie Munger.
1:13:08
Why we should surrender to uncertainty & should welcome volatility.
1:30:26
What investors can learn from surfers about the value of self-reliance.
1:39:55
Why he named his investment firm after a 13th-century Sufi mystic.
1:41:35

Transcript

William Green: You're listening to TIP. Hi, folks. It's a great pleasure to be back with you on the Richer, Wiser, Happier podcast. The conversation you're about to hear was a total joy for me. My guest is a high-flying young hedge fund manager named Nima ...