The investing principles of Andrew Hollingworth – Part one

A fantastic interview with Andrew Hollingworth, Founder and Fund Manager of HollAnd Advisors, an investment management & investment research company.

We cover Andrew’s investing principles, with much drawn from Warren Buffett and John Templeton. He has a strong focus on ‘value’ and ‘franchise’ orientated analysis, and lasers in on ROTA.

Note, this was recorded during February 2020, before the COVID-19 market meltdown. The world has changed since then, undoubtedly Andrew will be finding bargains more easily now! Further, the economic landscape for some of those companies mentioned, has changed radically.

Andrew’s background – 00:56
What do HollAnd Advisors do? – 01:50
What makes the fund different? – 04:27
What returns are you achieving? – 05:33
What time frame are you buying for? – 06:41
What’s your criteria for stock selection? – 07:32
What do you mean by a franchise? – 08:14
How do you value a company? – 11:25
How easy is it to find franchises at a value you’re happy to pay? – 15:03
Charles Schwab (NYSE.SCHW) – 16:11 JD Weatherspoon (LON.JDW) – 18:08
Disney (NYSE.DIS) – 18:23 Liquidity – 20:50
Dart (LON.DTG) – 22:54
Apple (NASDAQ:AAPL) – 24:16
How do companies come on your radar? – 25:30
Are you very US focussed? – 26:44
Has the change in the UK political leadership made the UK more interesting? – 28:26
How have special situations or deep value worked? – 30:22
Which companies or sectors do you perceive as good value? – 31:30

About Andrew Hollingworth:

Andrew started working in the investment industry when he was just 18 years old, having bought his first share when he was just 14. Andrew founded Holland Advisors around 15 years ago. At the time, Andrew realised that there was a proven way to be a more successful investor. The core driver behind the investment process at Holland is the use of investment approaches proved successful by the likes of Buffett and John Templeton. These clear processes helps them take a long-term approach in assessing companies, their managements and their prospects when trying to find the high-quality franchises that they think will compound at a good rate over time. Then, they will only buy shares in them if they are at an attractive price.

Andrew says, “We think our USP is the disciplined application of proven value-investing approaches in an often efficient, but occasionally mispriced market. Our approach differs from many others in two important ways. First, we strongly believe you have to know what you are looking for in an investment before you go shopping. Our study of great investors has helped us refine our process. As a result we are very clear about the company business models we find attractive and why, and we only buy something when it comes with a margin of safety. The second point is our desire to learn. It is human nature to want to get better at something, but it is easy in this industry to be too busy to have the time to do so. There are always opportunities to learn and we welcome them.”

The HollAnd Advisors website has a vast wealth of educational resources and is well worth checking out. Look for the pdfs: “How we invest and Think”. And the latest article: “The Perfect Storm – Peak Fear – What to buy and when.” To find out more about Andrew and his fund: hollandadvisors.co.uk

Companies mentioned: JD Weatherspoon (LON.JDW) (18:09), Aston Martin (LON:AML), Charles Schwab (NYSE.SCHW) (16:15), Ryan Air (LON:RYA) (18:09 & 19:52), Disney (NYSE.DIS) (18:23), Dart (LOND:DTG) & Eagle Eye (LON:EYE) (22:54), Apple (NASDAQ:AAPL) 24:16  

 

More piworld interviews

Everything you’ve wanted to know about Market Making … but never been able to ask!
55:38

Everything you’ve wanted to know about Market Making … but never been able to ask!

piworld Thursday webinar 14.5.20, with Spencer Crooks, ex Director of Market Making at Winterflood Securities. Tamzin opens with some questions, but this was the opportunity for listeners to ask their questions. Spencer’s background – 00:50 What do Market Makers do? – 01:43 What’s the business model? – 02:44 Why would a Market Maker buy when […]
piworld Thursday webinar with David Buik: Macro Market Commentary
58:55

piworld Thursday webinar with David Buik: Macro Market Commentary

piworld Thursday webinar with Aquis Exchange’s David Buik David’s background – 00:35 How does this bear market compare with others? – 02:55 Why do you think the market has been so forgiving? – 09:29 Is the market just looking longer term? – 12:12 Will all the stimulus lead to inflation or stagflation? – 14:23 What […]
piworld Thursday webinar: Leon Boros – Investing in the age of uncertainty
01:08:54

piworld Thursday webinar: Leon Boros – Investing in the age of uncertainty

Bear markets history and the future – 01:00 Portfolio performance ytd – 17:33Bioventix (BVXP) – 19:17 Best of the Best (BOTB) – 21:29 Nintendo (TYO: 7974) – 23:18 4Basebio (ETR: 4BSB) – 25:40Arcontech (ARC) – 27:45 4BaseBio (ETR: 4BSB) – 34:50 Placings – 46:57 Valuing a company incorporating debt – 51:44Q&A – 59:05   The […]
Jamie Streeter webinar: Investing, Compounding & Surviving the Corona Crash
59:59

Jamie Streeter webinar: Investing, Compounding & Surviving the Corona Crash

The piworld Thursday webinar with Jamie Streeter, (aka @CompoundIncome) Jamie outlines his approach to investing and his Corona virus investing strategy. Overview – 00:51 Jamie’s background – 01:40 Evolution as an investor – 02:08 S&P over 35 years – 04:34 Poll: have we hit the low? – 07:26 Why Compound Income? – 08:27 Annualised real […]
Stephen English webinar: A plague on all our houses – How to repair some of the damage
01:07:52

Stephen English webinar: A plague on all our houses – How to repair some of the damage

The piworld Thursday webinar with Stephen English. Stephen gives us his interpretation of the current COVID-19 markets and his investing strategy to navigate where we’re at. Peppered with Stephen’s wry humour, and full of investing gems. It’s superb! Intro – 00:19 Give us a very short overview of your background – 00:42 What’s your thoughts […]
Which way from here for the markets?  A webinar with John Rosier recorded 2.4.20
01:52:00

Which way from here for the markets? A webinar with John Rosier recorded 2.4.20

John offers great insight to previous bull and bear markets, and how he pieced together when it was time to start buying again, because ‘no one rings a bell at the bottom!’ He shares both recent buys and sells, and answers extensive questions from those on the webinar, including the oil price, house builders, inflation […]
The investing principles of … Andrew Hollingworth – Part two
28:49

The investing principles of… Andrew Hollingworth – Part two

This is the second interview with Andrew Hollingworth, Founder and Fund Manager at HollAnd Advisors. Here, Andrew covers more about risk management, meeting management, what he’s learnt managing the fund, and much more. Note, this was recorded during February 2020, before COVID-19 gripped the nation, and torpedoed markets. It would be interesting to get Andrew’s […]
The investing principles of Andrew Hollingworth – Part one
34:55

The investing principles of Andrew Hollingworth – Part one

A fantastic interview with Andrew Hollingworth, Founder and Fund Manager of HollAnd Advisors, an investment management & investment research company. We cover Andrew’s investing principles, with much drawn from Warren Buffett and John Templeton. He has a strong focus on ‘value’ and ‘franchise’ orientated analysis, and lasers in on ROTA. Note, this was recorded during […]
Michael Taylor – Trading in your 20s
34:33

Michael Taylor – Trading in your 20s

Michael Taylor AKA Shifting Shares is another of our young investors. Michael started trading in his 20’s, within a short amount of time found he could make more money from it, than from his day job. Today, still in his 20’s, he continues to trade. In addition, he writes on the subject for the Investors […]
The China Dolls Investment Club
41:02

The China Dolls Investment Club

A charming introduction to The China Dolls investment club who have achieved at 105% return over the last 10 years. We join three members of the group, Pam, Virginia and Mary, prior to their monthly evening meeting. We learn how they set up and run their club, where they find their investments, what they like, […]
EIS investing with Tim J Grattan
40:04

EIS investing with Tim J Grattan

Tim gives us a tremendous overview of EIS investing, why governments offer EIS tax breaks, what they are, how to take advantage of them, the pitfalls, and his overall performance during the 10 years he’s been doing them. A great personal insight. Tim Grattan’s background – 00:29 What is an EIS and why does the […]
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 […]

You might be interested in