Video: David Stredder talks to Conkers' Corner about his investing style
David Stredder, one of the founders of Sharesoc, talks to Conkers' Corner's Peter Higgins about his investment style and the lessons he has learned after years of investing:
On his early life and his adoption [00:00:00]
On his beginnings in the property market, which morphed into the second largest property management companies in South London [00:14:40]
On his "long, long, long-term portfolio" and on what attracted him to the investment arena [00:30:18]
"I am keen on having little boxes of investment." Dixons was one of his first investments [00:31:28]
"In those days I would invest in companies I got to know" [00:32:07]
"My strategy has changed over the years". On why he likes (medium-risk) UK family companies [00:33:30]
"I do like technology, but I'm not a geek, retail, old industry because it's attached to property" [00:35:00]
Why did he found ShareSoc as an active investor? [00:36:23]
"I research trends on-line regarding products, bulletin boards [00:39:45]
"Companies in Northern England and Scotland tend to run more efficient businesses" [00:42:09]
"I have a windfall probably every month, I am in 138 companies. To avoid real risk I am not a concentrated investor, my core is about 20 stocks" [00:46:46]
"I am not political but I think Brexit should have been done in a more planned way" [00:50:54]
"Trump is like America's Brexit. I really don't know how America is going to go" [00:51:40]
"Lessons he has learned ... in property location is key" [00:52:20]
"On the importance of contrasting opinions with other investors" [00:57:00]
Any books you like? "Really short ones ... Obviously, I would recommend Free Capital. I think it is a really good book" [01:00:26]