YouSaid · the spoken record

Nick Sleep

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51

first

2024-09-16

most recent

2024-09-16

sittings or episodes

1

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podcast

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1. “Dear Mr. Buffett, after 13 happy years of running the Nomad Investment Partnership, Zach and I have decided to close the fund. The process requires us to return cash to our investors, and so after many years as shareholders in Berkshire, we have recently sold our shares. It appears to all the world that the performance that Nomad has enjoyed over the years was created by Zack and me. That is not the case. As time goes by, the performance that our clients have received is the capitalization of the success of the firms in which we have invested. In other words, the real work is done by you and the good people at Berkshire. The purpose of this letter is to say a very big thank you and let you know that you have made a real difference. Nomad was not a particularly large fund, but over the years it did make around two billion dollars for its clients, which were predominantly charities and educational endowments.”

   2024-09-16 · Founders · #365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters to Partners · IDENTIFIED FROM THE TRANSCRIPT · source