Lee Freeman-Shor, Author, 'How the world's best investors get it wrong and still make millions in the markets' Episode 69

Investing Matters

To quote Sir Francis Bacon, “Some books are to be tasted, others to be swallowed, and some few to be chewed and digested.”

Therefore, it is my absolute pleasure to introduce our global Investing Matters audience to the Investor, Mentor, Keynote speaker, Business Development guru, Multi award winning Fund Manager and global bestselling author of one of the best investing trading books, ‘The Art of Execution: How the world's best investors get it wrong and still make millions’ - the global investment thought leader Lee Freeman-Shor.

Lee left school with ambitions to become a Chef. However, he discovered he did not like the unsociable hours. He then returned to education to study and attained at Law degree at Nottingham Trent University. Alas he didn’t have the desire pursue the path of a legal sector profession. “Through unplanned serendipity”, Lee qualified to become an Independent Financial Adviser (IFA) thus commencing his professional finance/investing journey.

His role as an Investment Development Manager, with AXA Winterthur in March 2002, was followed by the same role at Schroders in September 2004. Then, his previous boss at Winterthur, who moved to Skandia Asset Management as their CIO, asked Lee to join him on the Investment Research side of Skandia with the possibility of eventually running money in October 2005. To quote Lee, “the rest is history.”

From October 2005, Lee went onto be the Fund Manager for the $1bn+ Best Ideas Fund Range. Previously Co-Head of the Equities Research team, he co-managed a 10-person, multi-national team and had direct responsibility for the research and monitoring of all equity managers used across Skandia's platforms, including multi-manager funds, single strategy funds, guided-architecture ranges and much more.

The significant success that Lee achieved at Skandia Asset Management led to be him being recognised as one of the World's Top Fund Managers in the inaugural Citywire 1000 report: for the performance of the Skandia European Best Ideas, Skandia Global Best Ideas and Skandia UK Best Ideas funds.

Following the merger of Skandia Investment Group and Old Mutual Asset Management in 2012, Lee became a Fund Manager for Old Mutual Global Investors from June 2012 until May 2018. During this time, he went on to manage many more billions per year, including bonds, multi-asset funds of funds, winning mandates and managing a larger number of global fund managers.

In this insightful and fascinating Investing Matters interview, discover how the multi-award-winning Fund Manager and international bestselling author Lee Freeman-Shor, researched over a period of seven years. Hear about the investing habits of forty-five of the best Fund Managers in the world that he had allocated between $25m and $150m during that time. Hear about ‘The Winners checklist’, ‘being greedy when winning’ and much more, including…

-Serendipity

-Importance of proper mentoring

-Equity Management / Best ideas

-The Kelly Criteria

-Risks

-The genesis of the global bestselling book, The Art of Execution

-Learning the about the characteristics, mindset & straits of individuals & fund managers

-Performance & investing performance hit rates

- Discover the five distinct tribes and habits of investors: Assassins, Hunters, Rabbits, Connoisseurs and Raiders

-Best strategies for when you are experiencing a losing investment

-Best strategies for when you are experiencing winning investment

-The Wingman, the trading tool

-Psychology

-Biases impact even professional investors

-Overconfidence bias

-Confirmation bias

-Endowment Bias

-Anchoring bias

-Sunken cost bias

-The boredom factor

-Price targets are bad

-Dealing with losing trades

-Why price targets are bad

-British American Tobacco, Superdry, Bitcoin, Nvidia, Gold, ETFS, S&P 500, Mining stocks

-Long-term investing & compounding are key

-Ride / run your winners

-Cultivate multibaggers

-Personal investing strategy

-Investing & much more

We hope you enjoy this podcast, and we look forward to hearing your feedback.

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