Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Sebastian Lyon, manager of the Personal Assets Trust (PNL), and CEO of Troy Asset Management. During their discussion, Jonathan and Sebastian remember the former director of Personal Assets Trust, Robin Angus, who sadly died earlier this year, and they talk about the anthology of his quarterly summaries that have been released as a book, A Shared Journey. This book is available for free as a PDF download:
https://www.patplc.co.uk/wp-content/uploads/sites/2/2022/12/1941-PAT-Quarterlies-Anthology-Book.pdf
Section Timestamps:
00:24 - Introducing Sebastian Lyon
01:51 - The year in historical context
04:53 - Has the investment game changed?
08:32 - Locking in a loss of wealth
10:23 - Looking at the stock market
14:34 - The problems faced by central banks
17:38 - Could we return to a Goldilocks scenario?
21:27 - Personal Assets Trust (PNL) and other funds
23:50 - Would PNL invest in commodities?
28:58 - Index linked potential
33:51 - Equity exposure
38:18 - Quality stocks
40:24 - Would PNL look at property?
42:24 - The sell-off of the dollar
46:03 - Remembering Robin Angus
53:59 - Close
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Produced by Ben Gamblin.
