Using the letters Nick Sleep and Qais Zakaria wrote to their partners between 2001 and 2013, Nick and Zak's Adventures in Capitalism provides a unique perspective on the ideas that helped the Nomad Partnership turn $1 into $10 over a span of 13 years (a 20.8% annualized return vs. a 6.5% for the MSCI World Index). The letters spotlight their approach, which focuses on contrarian stock picking, uncovering high-quality business models and super high-quality thinkers, avoiding psychological causes of investor misjudgement, and thinking like Richard Zeckhauser. Similar to Jeremy Miller’s Warren Buffett’s Ground Rules, each chapter in this book centers around a single idea or theme from the letters and starts out with some summary points and brief commentary by the author, followed by excerpts from the letters themselves. Part I consists of 40 chapters (or topics) ranging from incentives to scale economies shared to how to think about mistakes. - Part II consists of 18 case studies extracted from the letters discussing specific investment ideas, including Costco, Amazon, and AirAsia. Happy cloning.