Interview: Keith Ashworth Lord, UK Buffettology Fund Pt1&2
Keith Ashworth Lord was inspired by Benjamin Graham, which led him to Buffett. Keith views his investments as a Business Manager, rather than a Fund Manager. An approach which has rewarded him, with a return on investment of c.200% since he launched the Buffettology Fund in 2014. This outstanding performance has seen investors flocking to his fund, with FUM at £1bn as at June 2019, up from £0.5 billion in January 2019!
In Part 1 here, Keith outlines his investing caveats, which underpin his inspiring investment performance.
In Part 2 here, Keith reflects on lessons learned, valuations on good companies with specific reference to Ab Dynamics (LON:ABDP), sell discipline, Neil Woodford and much more.
Disclaimer
This is not financial advice. Our content is intended to be used and must be used for information and education purposes only. Please read our disclaimer and terms and conditions to understand our obligations.
6 comments
How 18 months have flown by....
I will be interviewing Keith this evening on the MelloMonday Christmas show and all are welcome to send in questions for me to ask live on the show. There are eight sessions and lots of companies featured...
https://melloevents.com/mellomonday-14th-dec/
The evening generally ends with our MelloBASH panel session and a number of companies will come under the spotlight of our analysts, fund manager and well known investors on the panel including Jack Brumby who jointly writes the SCVR here on Stockopedia along with Paul Scott.
If you would like to join us for this Monday evening show then do add the code MMStocko21 and your ticket will reduce to half price. There will be 3.5 hours of content altogether but do not worry as it is all recorded and you will be sent the link to watch it all throughout the festive holiday. Enjoy
David
I agree that the videos are excellent.
But I wonder whether the doubling of his fund's size in 6 months to about one billion pounds has contributed to the fund's recent out-performance of the market. If he invested in the same stocks as were in the portfolio previously and many of those stocks have relatively small market capitalisations, then that extra half a billion pounds invested over all the stocks in the portfolio would probably have increased the prices of some of those stocks more than they would have increased otherwise, probably leading to greater out-performance than would have been the case otherwise.
It's the opposite of what's been happening to the Woodford Equity Income Fund, which has had a large reduction in its size recently and that has probably led to increased under-performance.
Great video !! thank you
Why is Non-Standard Finance (LON:NSF) tagged? I listened to the videos (which were excellent) but did not hear NSF ome up? Is Ashworth Lord involved / interested? I'm interested as I hold NSF and it has bombed recently following failed takeover attempt at Provident Financial (LON:PFG)
Sorry Zipmanpeter, now re-tagged with £PFG! You are right it was mis-tagged!
These videos are absolutely excellent. Many thanks for the links.