On today’s episode, Kyle Grieve discusses the investing philosophy and concepts from the Nomad Investment Partnership, how they created their fund structure to align themselves with partners, why they settled on inactivity, the powerful effects of businesses that share profits with customers rather than shareholder, how they ended up focusing on the scale economies shared business model, how they dealt with commitment bias, and a whole lot more!

IN THIS EPISODE YOU’LL LEARN:00:00 - Intro04:17 - How Nomad Investment Partnership created their ground rules to succeed in the long term05:37 - The rare and unconventional way that Nomad wanted to be evaluated by their partners09:13 - Why inactivity only works with certain businesses, and NOT all businesses13:48 - The extraordinary returns of Costco, Amazon, and Berkshire Hathaway since the depths of the GFC, and a great insight into what Nomad said about that particular time15:26 - Why Nomad focused on the scaled economics shared business model20:29 - How Nomad utilized the concept of a "cone of uncertainty" to better understand risk and help with position sizing29:12 - Why a deep understanding of a business earlier than the market is so beneficial and allows you to have outsized position sizes that can continue growing at market-beating returns31:46 - Why your next best investing opportunity might already be in your portfolio40:41 - Specific questions to ask to help you utilize destination analysis for long-term holdings43:03 - The four most powerful mistakes that Nick and Zak observed

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

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