Conkers’ Corner: David Stredder interview

Here is piworld’s first collaboration with Share Talk Conkers’ Corner, below, Conkers’ introduces David Stredder.

Welcome to the 37th Share Talk Conkers’ Corner, recorded on 17th November 2016, Peter Higgins (@conkers3) speaking to property entrepreneur, investor, Founder of Mello events and Director of ShareSoc, David Stredder (@carmensfella).

David comes from a very humble background and was brought up in Lytham St. Annes in Lancashire. David states, “my Mum and Dad were the best parents you could have,” and it is clear that they provided him with the foundations for his entrepreneurial zeal and drive to achieve a good education and financial independence. His Mum would give him spelling and maths tests after school, and when he was 11, entered him into the scholarship test for the top school in Lancashire. David passed the test and went from being, “on free school milk at my smaller school, to “one of the big boys at a part boarding school.”

David always worked during the school holidays and decided early on that he would not go to University. His mind was always on making money and although he went on to sixth form education, he opted for a computer operator job with a big Insurance company. He says however, that he was rubbish…”it was just way beyond me”. David’s next role was in London as an Information Officer. Part sports journalism, part taking dignitaries around Central London. This job provided David with lots of additional time on his hands and he decided to get into property and he invested some of his growing savings into two flats. He later found that his friends that had chosen to go to University needed to come to London for work and needed accommodation. Before long, he had built up the second largest property management company in South London.

In the late 90s, this property business was sold to an industry consolidator and David decided to spread his money into investments that provided him with a return. Shortly after he formed a group for a monthly meet-up at a local restaurant called Mello. Thus, Mello events was born and grew and grew

Since then he has concentrated on his listed and unlisted investments and is an active small cap investor. David also became a Founder and Director of ShareSoc: fighting on behalf of private shareholders. ShareSoc do this by promoting shareholders’ rights to companies and by seeking to influence Government and regulatory policy.

David’s investment strategy is one of finding small-cap companies that are lowly rated and are often family owned business. He position sizes all his investments and is a very patient investor. David’s winning strategy eventually came to the attention of the author Guy Thomas and he was interviewed for his book “Free Capital, How 12 Private Investors Made Millions in the Stock Market”. A book that I read some years ago and found thoroughly insightful.

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