{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"PIWORLD interview with Richard Leonard: Winners and Losers of 2021","html":"","width":"100%","height":180,"duration":3782,"description":"Richard talks through the thrills and spills of his year. Up 42.5% at his high, and still up over 30% when we spoke, now, probably higher with National World #NWOR reporting ahead of expectations on 16th December, a day after recording. A brilliant performance but not everything went to plan. As always, Richard gives us some great nuggets, take profits when your weighting goes above your comfort threshold; weight your position size according to the market cap, and he observes, the top holdings are where you make your money, the bottom is where you get whiplashed. His main learning of the year is to have more patience.\nRichard may be long or short any companies mentioned, please do your own research.\n00:58 Richard’s year to date performance02:24 What went badly: Synthoma #SYNT13:17 What went well? Polar Capital #POLR17:47 Made.com #MADE28:33 Best performer: Reach #RCH 35:37 National World #NWOR37:22 UP Global Sourcing #UPGS; Macfarlane #MACF & Devro #DVO39:57 Bloomsbury #BMY43:39 IPOs and liquidity/illiquidity44:40 Has the macro picture changed your stock selection criteria?49:33 AB Foods #ABF; Homeserve #HSV50:45 Cash52:45 Santa rally53:39 Seraphine #BUMP59:40 Wincanton #WIN01:01 52 Will the FTSE100 close up, down or flat by 15th December 2022?\nRichard’s background in his own words:\nMy interest in the London stock market came about in the early 80’s – working over the summer holidays whilst at college, as a post boy – leading to being somewhat of a gofer for a man called Zimmerman, who help build Mercury Asset Management in the 1980s. The taste of the moving parts of the City gave me my first real joy of City life – and I loved it.\n1986 – joined Lazard Brothers (via the back door) as a Trust Accountant, valuing and doing the daily book-keeping for investment trusts/unit trusts. Had my chance to move to the front office in 1988 as an assistant fund manager on the bond the international desks. Met my first real mentor John Innes, helping to manage and win major...","thumbnail_url":"https://img.transistorcdn.com/oB5fNE4aIAia_YyTCKvE1PzrZQaD1Fjo_P7m7T9Aw_Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTJi/ODBiMzBmOGFhZWJi/MWEzYThkMzAyNmZm/MTdjZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}