IC Interviews: UK equity manager Nick Train

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Dave Baxter welcomes back popular UK equity manager Nick Train to The IC Interviews. Best known for co-founding Lindsell Train Ltd and running its UK Equity, Global Equity funds and the Finsbury Growth and Income Trust, Nick is a household name when it comes to picking UK stocks.
In this episode, Nick shares his thoughts on the state of the UK equity market, British luxury designer Burberry, the events that would lead him to sell a holding and more.
If you would like to suggest potential guests, share your thoughts or pose questions to the IC Interviews team, email Dave Baxter at David.Baxter@ft.com
Listen to our podcasts: www.investorsc...
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01:23 The state of the UK equity market
10:32 The rise of US investors on UK company shareholder registers
14:37 Reforms in the UK
19:27 AI "winners"
26:10 Hargreaves Lansdown outlook
31:56 Thoughts on Burberry
38:04 Diageo: thoughts on its troubles in the US market?
41:43 What would make him sell a holding?

Опубликовано:

26 сен 2024

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Комментарии : 9

@HepCatJack 10 месяцев назад

If Nick Train had his own podcast, he could call it: "Train of thought".

@aknevv 11 месяцев назад

As for Diageo - perhaps the addiction to alcohol is fading, admittedly slowly, and that the future is not falling over dead drunk, even in the UK.

@HepCatJack 10 месяцев назад

Some people are addicted but for most people it's a discretionary purchase. People working from home are less likely to make a trip to the pub on the way back from work. So if they're consuming alcohol as before, they're paying liquor store price, not pub prices and they aren't buying rounds at home which translates to fewer liquor purchases.

@aknevv 11 месяцев назад

Very interesting, and Nick Train is an important figure in the industry - but what if the investing landscape has permanently changed? What if those former celebrated stock-pickers, even those as adept as Train, are moribund? Many of them are now retiring, it seems. Perhaps the future is trend, theme, and inescapably short-term; perhaps - deep breath - those many managers who pride themselves on buying and holding for twenty years will no longer be able to afford to do so.

@charliebrowns9999 9 месяцев назад

Throughout history, rich and poor countries alike have been lending, borrowing, crashing-and recovering-their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different”-claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. Start of a reset perhaps......

@EppingBlogger 11 месяцев назад

I am not at all clear why owners should be satisfied with under half the after tax earnings each year. Employees don't have to leave half their salaries with the employer on the basis he knows better what to do with it. Of course, HMT takes about half our income and spends it badly but that is because politicians are in charge. If these grwoth opportunities Nick says he knows are there, the businesses could try explaining it to owners and some might accept scrip dividends or subscribe to a capital raise, if only they had the chance. Private shareholders typically do not get the chance to subscribe.

@davidlyddon1423 11 месяцев назад

I am looking forward to the autumn statement,surely this government has somebody with the financial nowse to kick start a revolution in private investment. If this government don't get a grip,i think we will lose a generation of investor for ever