IN THIS EPISODE, YOU'LL LEARN:<ul><li>00:38:03 - Nick Sleep’s investment philosophy and how he was able to outperform the market from over his fund's tenure.</li><li>00:06:02 - Why Sleep bet big on Amazon and Costco in the early years of his fund.</li><li>00:14:54 - What fundamentally set Amazon and Costco apart from all other companies.</li><li>00:15:33 - Sleep’s ideas related to portfolio management and portfolio diversification.</li><li>00:19:14 - How Sleep uses Destination Analysis in selecting investment opportunities.</li><li>00:21:43 - How Sleep capitalized on purchasing cheap stocks during the great financial crisis.&nbsp;</li><li>00:32:45 - Some thoughts on one of Sleep’s recent purchases in ASOS.</li></ul>BOOKS AND RESOURCES<ul><li>Listen to Clay’s previous episode covering <a href="https://www.theinvestorspodcast.com/episodes/warren-buffetts-12-investment-principles-with-a-case-study/" rel="noopener noreferrer" target="_blank">Warren Buffett's 12 Investment Principles</a>.</li><li>Learn how Warren Buffett built his $100 billion fortune <a href="https://www.theinvestorspodcast.com/episodes/how-warren-buffett-became-the-greatest-investor-to-ever-live-part-1/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Check out Bill Miller and William Green's conversation <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/investing-legend-bill-miller-on-amazon-bitcoin-buffett/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Check out John Huber's episode on Millennial Investing <a href="https://www.theinvestorspodcast.com/millennial-investing/faang-the-new-value/" rel="noopener noreferrer" target="_blank">here.</a></li><li>William Green's book -<a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/B08CVR78CH?crid=W9RKK4DIDEQJ&keywords=richer+wiser+happier+william+green&qid=1667271540&qu=eyJxc2MiOiIxLjc1IiwicXNhIjoiMS41MSIsInFzcCI6IjEuNzIifQ%3D%3D&s=audible&sprefix=richer+w%2Caudible%2C394&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=d74e4e53f24afab507f06605f479c417&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"> Richer, Wiser, Happier.</a></li><li>Follow Clay on <a href="https://twitter.com/Clay_Finck" rel="noopener noreferrer" target="_blank">Twitter</a> and <a href="https://www.instagram.com/clay.finck/" rel="noopener noreferrer" target="_blank">Instragram</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank"> We Study Markets.</a></li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Get position and investment info for nearly 6,000 Asset Management Companies with&nbsp;<a href="https://www.moomoo.com/" rel="noopener noreferrer" target="_blank">Moomoo</a>, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.</li><li>Private assets represent 98% of companies in North America but are absent in most portfolios. 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Get&nbsp;<a href="https://bullionmax.com/wsb" rel="noopener noreferrer" target="_blank">BullionMax</a>’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.</li><li>Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies-&nbsp;<a href="https://invesco.com/ETFSolutions" rel="noopener noreferrer" target="_blank">Invesco</a>&nbsp;has over 200 ETFs to help you meet your financial goals. Visit&nbsp;<a href="http://invesco.com/" rel="noopener noreferrer" target="_blank">invesco.com</a>&nbsp;for a prospectus with this information.</li><li>If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. 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It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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