RWH064: A Soulful Path To Stellar Returns w/ Nima Shayegh
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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 Shaye, who's one of the most talented and thoughtful investors I've met in recent years. In some ways, this episode is an unusual one.
For one thing, Nimer is still in his thirties, which makes him possibly the youngest fund manager I've featured on the podcast. Also, as you know, I've tended to interview a lot of investors who are already very well known, people like Howard Marks, Ray Dalio, Bill Miller, Terry Smith, Rick Reeder, Chris Davis and the like. By contrast, Nima has flown almost entirely under the radar. As far as I'm aware, this is the first extensive, wide ranging interview that he's ever given. Nima runs a relatively small hedge fund called Rumi Partners, which is named after the thirteenth century Persian poet and mystic Rumi.
He works on his own in California, managing money for a fairly small group of wealthy, limited partners. He's not really focused on marketing or gathering a huge amount of assets. Rather, I would say he follows in the tradition of investors like Nick Sleep and Case Sacaria, who really were devoted entirely to the essential challenge of generating superb long term returns. Nima, much like them, does it by investing in a very concentrated portfolio, in his case, fewer than ten stocks. His approach to investing also owes a great deal to his mentor, the late great Lou Simpson, who is one of the most successful stock pickers of all time.
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