The journey of the investor from beginner to pro with Graham Neary

The journey of the investor, from beginner to pro – interview with Graham Neary by Tamzin Freeman, piworld.

Graham discusses the investing options for individuals who want to manage their future financial security. He starts with an IFA, covers the use of passive funds, and then moves into the more sophisticated skills of self-investing. Graham describes aspects of his own investing journey, with reference to specific holdings in his own portfolio.

Graham Neary is Director of Cube.Investments, the platform for objective, independent financial analysis, and writes the Stockopedia Small Cap Value Report with Paul Scott.

Graham is a full-time investor and analyst with a decade of financial markets experience. He has worked on the sell-side as a fixed income analyst at independent research firms, and on the buy-side as equity portfolio manager for an international financial services organisation.

Graham is a CFA Charterholder, also holding the Investment Management Certificate and the STA Diploma in Technical Analysis. He graduated in mathematics from Trinity College, Dublin.

Introduction to Graham – 00:38
Graham’s views on IFA’s – 02:30
Passive funds – 03:49
Managing your own money – 07:56
Where to start doing your own research? – 10:02
What’s Graham’s style of investing? – 11:13
Losses? Being OK with a 50% drawdown – 12:57
What is the catalyst for Graham to sell? – 14:44
Value v Quality – examples – 15:49
Organic growth v acquisitions – 18:05
Tandem Group (TND) – low earnings multiple – 20:47
Quality holdings in Graham’s portfolio – 23:09
Customer concentration – 26:00
Financial stocks – 26:37
What rate of return are you looking to achieve? – 29:00
Risk management – 30:20
Position size in portfolio – 32:10
Outlook for 2019 – 33:51

More piworld interviews

Blue Whale: Interview with Stephen Yiu, Chief Investment Officer (CIO)
45:40

Blue Whale: Interview with Stephen Yiu, Chief Investment Officer (CIO)

Blue Whale was launched in September 2017, since when it’s achieved an annualised return of 21%. Here, Stephen gives us an insight to how he achieves those return, and what they do differently. An interesting insight to those who manage their own money, or those who are interested specifically in Blue Whale Capital. Introduction – […]
Lord Lee – A taste of Stock Market Investment: Part 2
33:32

Lord Lee – A taste of Stock Market Investment: Part 2

A piworld interview. Lord Lee, the veteran of stock market investing, continues to impart his wisdom. In this interview, he reflects on stock market cycles, and shares some of the companies he’s buying into after his windfall from Tarsus. What have you learned from stock market cycles throughout your investing history? – 00:35 Your cash […]
Lord Lee: A taste of Stock Market Investment – Part one
36:48

Lord Lee: A taste of Stock Market Investment – Part one

Lord Lee, who is a veteran of stock market investing, has just written Yummi Yoghurt – A Taste of Stock Market Investment! Predominantly a primer to engage potential teenage investors, but universally relevant to all newbie investors. Here, Lord Lee discusses his book and imparts some of his investing wisdom, relevant to new and seasoned […]
The perspective of a teenage investor, a piworld interview.
32:40

The perspective of a teenage investor, a piworld interview.

If you’re trying to get your teenage relative(s) into investing, watch this. Ryan began investing at 11 years old, having made money from car boot sales, and other entrepreneurial activities. He opened his account with £1,000. Over the last 6 years, has achieved an average annual return of around 100%! Here, he outlines how he […]
Keith Ashworth-Lord, The UK Buffettology Fund: interview part two
29:44

Keith Ashworth-Lord, The UK Buffettology Fund: interview part two

Keith Ashworth-Lord CIO, Sanford DeLand UK Buffettology Fund Another inspiring 30 mins from Keith talking us through valuations, self-discipline, learned lessons, Woodford, and much more. Valuation of good companies – 00:20 AB Dynamics – 02:08 Sell discipline – 04:45 Lessons learned from past mistakes – 06:04 Lessons learned from Woodford? – 10:08 Do you have […]
Keith Ashworth-Lord interview part one
31:34

Keith Ashworth-Lord, The UK Buffettology Fund: interview part one

Keith Ashworth-Lord, Sanford DeLand, Chief Investment Officer, The UK Buffettology Fund. Keith 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 Return on Investment of c.200% since he launched the Buffettology Fund in 2014.  […]
Gervais Williams investor interview
29:34

Gervais Williams investor interview

Senior Executive Director, Miton Group plc Gervais talks to piworld about his background, who influenced his investing style, the macro themes, liquidity, the outlook for the markets and how his funds are positioned. Introduction & Gervais’ background – 00:20 Who have been the main influencers in your career – 01:55 What was the attraction of […]
Navigating the markets with Stephen English – (part 2 of 2)
33:14

Navigating the markets with Stephen English – (part 2 of 2)

Stephen English BA(Hons), CFA Chartered FCSI Blankstone Sington: Investment Director – Head of AIM stocks Another fascinating 30 mins with Stephen, where he discusses the structure of AIM and liquidity. Interestingly, he suggest that the next financial event will be due to lack of liquidity. Pleasingly he’s an enthusiast of retail investors managing their own […]
Navigating the markets with Stephen English (part 1 of 2)
41:28

Navigating the markets with Stephen English (part 1 of 2)

Stephen English BA(Hons), CFA Chartered FCSI Blankstone Sington: Investment Director – Head of AIM stocks Stephen gives great insight on the macro economic environment investors face today, and where he sees the opportunities. He talks about some criteria for his stock selection, illustrated with examples. He discusses catalysts for selling. He speaks of the changes […]
Interview with Erik Townsend – Digital currency & the future of money
43:03

Interview with Erik Townsend – Digital currency & the future of money

Digital currency adoption by Government, Central Banks and much more Tamzin Freeman is joined by Erik Townsend, the originator of  macrovoices.com, and the author of Beyond Blockchain – the death of the dollar and the rise of digital currencies.  Erik discusses how initially he ignored digital currency, and latterly realised its scope could change the […]
The Journey of the investor from beginner to pro with Graham Neary
36:40

The journey of the investor from beginner to pro with Graham Neary

The journey of the investor, from beginner to pro – interview with Graham Neary by Tamzin Freeman, piworld. Graham discusses the investing options for individuals who want to manage their future financial security. He starts with an IFA, covers the use of passive funds, and then moves into the more sophisticated skills of self-investing. Graham […]