Interview: Keith Ashworth Lord, UK Buffettology Fund Pt1&2

Monday, Jul 08 2019 by
29

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.



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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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5 Posts on this Thread show/hide all

wilkonz 7th Jul 1 of 5
1

These videos are absolutely excellent. Many thanks for the links.

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Zipmanpeter 7th Jul 2 of 5

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)

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pka 7th Jul 3 of 5
8

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.

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tony akram 8th Jul 4 of 5

In reply to post #490491

Great video !! thank you

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tomps3 8th Jul 5 of 5

In reply to post #490451

Sorry Zipmanpeter, now re-tagged with £PFG! You are right it was mis-tagged!

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