{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"The investing principles of… Andrew Hollingworth – Part two","html":"","width":"100%","height":180,"duration":1735,"description":"This video can be seen at: https://www.piworld.co.uk/2020/03/27/the-investing-principles-of-andrew-hollingworth-part-two/\n \nThis is the second interview with Andrew Hollingworth, Founder and Fund Manager at HollAnd Advisors. Here, Andrew covers more about risk management, meeting management, what he’s learnt managing the fund, and much more.\nNote, this was recorded during February 2020, before COVID-19 gripped the nation, and torpedoed markets. It would be interesting to get Andrew’s perspective on where we are now!\nHow has MIFIDII affected you and the industry? – 00:30 How do you gauge your margin of safety? - 02:26 How do you manage risk? - 04:17 Position sizes? - 06:12 Number of holdings? - 08:44 Cash position? - 09:57 Do you think we’re in a high-risk environment? - 12:10 What’s your view on meeting management? - 13:40Do you invest in IPOs? - 17:30 Are there any companies you regret you didn’t buy? - 18:44 What’s your worst mistake, and learnings? - 19:30 What’s the best thing you’ve done for the fund? - 22:00 Coronavirus and the macro picture - 24:14 The fund - 27:37\nCompanies mentioned: JD Weatherspoon (LON:JDW) 03:30; Sports direct (LON;SPD) 15:30; Amazon (NASDAQ:AMZN) 19:25\nSee Part one of Andrew's interview, here.\nAbout Andrew Hollingworth: Andrew started working in the investment industry when he was just 18 years old, having bought his first share when he was just 14. Andrew founded Holland Advisors around 15 years ago. At the time, Andrew realised that there was a proven way to be a more successful investor. The core driver behind the investment process at Holland is the use of investment approaches proved successful by the likes of Buffett and John Templeton. These clear processes helps them take a long-term approach in assessing companies, their managements and their prospects when trying to find the high-quality franchises that they think will compound at a good rate over time. Then, they will only buy shares in them if they are at an attractive...","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}