This month’s episode begins with an examination of one of Lord Lee’s holdings: Secure Trust Bank. The pair discuss its unique position in the market, its performance since its 2011 IPO, and how it fits in with his view of the broader UK economy.
The landscape for investors has changed significantly since Lord Lee began his journey six decades ago. Alex takes the opportunity to ask what he makes of the rise of index tracker funds and fall in popularity of private investing, and the differences he has noticed during his time picking stocks.
The episode rounds off with the pair checking in on several companies in his portfolio, including Treatt, M&G, Aviva and Concurrent Technologies.
This episode was recorded on 18 January.
Listen to previous episodes of Lee and the IC
'Gifting shares to schools and pupils will be transformational'
A store of value
'You can't get selling right every time'
'You only need two things to become a successful investor'
Timestamps
1:24 Secure Trust Bank
10:55 Why he holds the stock
14:38 The modern history of private investing
18:41 What has changed since the early 1960s
21:56 Passive investing
26:05 Investing in a higher rate environment
30:18 Treatt
32:07 Life insurers M&G, Aviva, L&G and Phoenix
34:16 Concurrent Technologies
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