{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"piworld interview with Richard Leonard – Investor & Trader: Life in a Family Office","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/df223e29\"></iframe>","width":"100%","height":180,"duration":3315,"description":"This video can be seen at: https://www.piworld.co.uk/2020/08/07/piworld-interview-with-richard-leonard-investor-trader-life-in-a-family-office/\n \nRichard has achieved an average annual return of over 30% pa over the last 10 years. Here, he outlines what he looks for to achieve that. Bursting with enthusiasm, together with some great stock picks, with an engagingly honest insight to his reaction to CV19, which many will relate to. Richard believes today is the beginning of an economic cycle, and is a great time for equity investors.\nRichard’s background - 00:46Richard’s investing performance - 02:40Investing style & stock selection - 03:24Covid-19 - 07:04What sectors to avoid – 13:18The business cycle philosophy - 15:50Richard’s holdings and 2019 performance - 18:35Richard’s been buying - 21:31What prompts Richard to sell - 23:40Macro thoughts – 26:16Richard’s watch list - 28:46Polar Capital (POLR) - 32:17 UP Global Sourcing (UPGS) - 37:46Redde Northgate (REDD) - 42:52Q&A – 47:28\nOther companies mentioned: St James Place (STJ), Franchise Brands (FRAN); Telecom Plus (TEP); Legal & Genera (LEGN); M&G (MNG); Ted Baker (TED); Spectris (SXS).\nAbout Richard in his 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 call 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.1986 – 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 international global accounts – flying around the world in my mid 20’s.\nRealised the real way to learn the skills needed to...","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}