Andy Brough, Head of Pan-European Small and Mid-Cap Team, Schroders, avoid stocks of “hope”, Investing Matters Podcast - Episode 34

Investing Matters

Welcome to this brand-new investing podcast from the London South East. My name is Peter Higgins, you can find me on Twitter @conkers3 and I will be your host for this series of Investing Matters podcasts.

What can you expect from the Investing Matters podcasts? A great question. You will find long form interviews with noteworthy veterans and experts from the investment and fund management industry. During these interviews each interviewee will share and impart their knowledge, learning and insights on what aspects of Investing truly matters to them and what in their view should matter to investors. We hope this knowledge exchange benefits all and enables all those accessing and listening to these podcasts to achieve even greater investing success.

With that in mind, welcome to episode thirty-four, hugely talented Andy Brough, the Head of the Pan-European Small and Midcap Team at Schroders as well as the Lead or co Fund Manager for several funds within that team.

After his gaining Economics Degree at Manchester University, Andy started his career in accounting. Gained his qualification as a Chartered Accountant with Price Waterhouse, where he worked with numerous exceptional companies. Andy joined Schroders in June 1987 as an UK equity Fund Manager and in your own words, “started managing money in January 1989”. From November 1999 he managed the well-known Schroder UK Mid 250 Fund. With over 35 years of investment industry expertise, Andy rightfully holds an enviable and much respected reputation in the City.

In this Investing Matters interview, Andy gives a brief overview of Schroders, the Pan-European Small and Midcap Team products, discusses being custodians of other people’s money, the ability of spotting things early, no substitute for hard work, numbers matter, property crash, avoid stocks of “hope”, the importance a rising fundamentals, always learning, triangle research process / methodology, the 3Ps, blending strategies, the Heineken index, emotionless selling strategy, buying strategy, Games Workshop, Frasers, ME Group, why culture of a firm is critical, looking for evolving businesses, his personal investing strategy, a 66 times return on investment and much more.

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

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