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:
00:00:03 - Intro
00:06:41 - How Nima Shayegh came to see investing as the ultimate intellectual adventure.
00:10:31 - Why investors must go beyond numbers to grasp deep truths about businesses.
00:16:56 - What riding in a Tesla taught him about the awesome experience of quality.
00:21:05 - Why investors should harness intuition & emotions but avoid ego.
00:36:31 - How to succeed by owning resilient businesses & ignoring macro forecasts.
00:39:26 - What qualities made Nima’s mentor, Lou Simpson, an investing legend.
00:49:27 - How Lou taught Nima to avoid noise, distractions & the lure of a flashy office.
00:59:03 - Why Nima’s portfolio is dominated by stocks like AppFolio & Brookfield.
01:13:08 - What he learned from having dinner with Charlie Munger.
01:30:26 - Why we should surrender to uncertainty & should welcome volatility.
01:39:55 - What investors can learn from surfers about the value of self-reliance.
01:41:35 - Why he named his investment firm after a 13th-century Sufi mystic.

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

BOOKS AND RESOURCES
<ul>
 <li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
 <li>Inquire about William Green’s <a href="https://williamgreenwrites.com/masterclass/">⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠</a>.</li>
 <li>Read <a href="https://www.amazon.com/Concentrated-Investing-Strategies-Greatest-Investors/dp/1119012023?&linkCode=ll1&tag=tipnetwork-20&linkId=72f6c60e1f9cde07ffffeae5235670a3&language=en_US&ref_=as_li_ss_tl">Concentrated Investing</a> by Allen Benello, Michael van Biema, Tobias Carlisle.</li>
 <li>Read <a href="https://www.amazon.com/Small-Beautiful-F-Schumacher/dp/0099225611?crid=18JJGCT1XJCHF&dib=eyJ2IjoiMSJ9.JWhAbUPso7BidT_KVYmWYWVdOsn31wLOzMGmdvDBZUD183evDsnzGXYp6cK8G_sscU3N77eRxsLgJRdXafpxG6Huoyu_ozWByGmI0ld-UthdMIiskWHlnr-T-0irk2EbOYQlnbTP2R5pRV1fBhrad2Yl1FwPuIQYVhkUG8a-rX_7ittstt_bhWJ_GsN729nZEBklFGj1yssRp0ep1NrzKpXhJ0rP13SeETGE4LpKVl8.NmdLIMkwLp5leLuhhZZKILW_i7mcGu7R-HEhKFWWqe4&dib_tag=se&keywords=Small+is+Beautiful&qid=1766166827&s=books&sprefix=small+is+beautiful+%2Cstripbooks%2C135&sr=1-3&linkCode=ll1&tag=tipnetwork-20&linkId=456e378a733c5ed935ecc9d8676dcfc3&language=en_US&ref_=as_li_ss_tl">Small is Beautiful</a> & <a href="https://www.amazon.com/dp/006241481X?psc=1&smid=ATVPDKIKX0DER&linkCode=ll1&tag=tipnetwork-20&linkId=5b50b0893e73ea00d737532a377e883c&language=en_US&ref_=as_li_ss_tl">A Guide for the Perplexed</a> by E.F. Schumacher.</li>
 <li>Read Jalal ad-Din Muhammad ar-Rumi’s book, <a href="https://www.amazon.com/dp/0063269171?&linkCode=ll1&tag=tipnetwork-20&linkId=28f83b841b0917e0bdfaae0d5221b8b6&language=en_US&ref_=as_li_ss_tl">The Ultimate Rumi Collection</a>.
</li>
 <li>Check out William Finnegan’s book <a href="https://www.amazon.com/Barbarian-Days-A-Surfing-Life/dp/1472151399?adgrpid=185328955904&hvpone=&hvptwo=&hvadid=748008426930&hvpos=&hvnetw=g&hvrand=17187636193992274333&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9004207&hvtargid=dsa-1595363597442&hydadcr=&mcid=&hvocijid=17187636193992274333--&hvexpln=m-dsad&hvsb=Media_d&hvcampaign=dsadesk&linkCode=ll1&tag=tipnetwork-20&linkId=8926ce23c21bda1e01ba124bcda8b539&language=en_US&ref_=as_li_ss_tl">Barbarian Days</a>.</li>
 <li>Check out William Green’s book, <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll1&tag=tipnetwork-20&linkId=b4491ba3e18f0d3f393769adc77f1d7f&language=en_US&ref_=as_li_ss_tl">Richer, Wiser, Happier</a>.</li>
 <li>Follow William Green on <a href="https://x.com/williamgreen72">⁠⁠⁠⁠⁠⁠⁠⁠⁠X⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>.</li>
 <li>Related <a href="https://prodcast.io/collections/we-study-billionaires-the-investor-s-podcast-network">⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠</a> mentioned in the podcast.</li>
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