{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/a4c5de36-8260-4222-8e38-ff997dc73436/69a597ae3214c3197d58944e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"‘Buy and hold doesn’t work any more’: Sean Peche of Ranmore","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/61b9b44742e856e989985776/1772459915361-6c89ff3e-a8e4-430b-aaf5-4855b7b39a2e.jpeg?height=200","description":"<p><strong>Ranmore Global Equity</strong>&nbsp;<strong>(IE00B61ZVB30)</strong>&nbsp;is a value fund that has grown very quickly over the past 18 months. In June 2024, it had a $300mn portfolio, but by January 2026 this had hit $1.5bn.</p><p><br></p><p>The fund’s manager, Sean Peche, talks to Val Cipriani about how he finds underappreciated and undervalued stocks, why he doesn’t meet company CEOs, and why buying and holding ‘forever’, a strategy favoured by star managers Terry Smith and Nick Train, no longer works in today’s rapidly changing world.</p><p><br></p><p><strong>Timestamps</strong></p><p><strong>00:00: </strong>Intro</p><p><strong>03:17:</strong> Three ways to get returns in markets and from companies</p><p><strong>07:05:</strong> Value investing</p><p><strong>08:31:</strong> Why I don’t meet CEOs</p><p><strong>10:57:</strong> ‘Buy and hold forever’ doesn’t work in a rapidy changing world</p><p><strong>15:22:</strong> A ‘fresh sheet approach’ and Qualcomm</p><p><strong>17:40:</strong> The Magnificent Seven</p><p><strong>19:21:</strong> Investors are starting to turn away from the US</p><p><strong>23:09:</strong> Alternatives to the US</p><p><strong>24:35:</strong> Terry Smith and passives</p><p><strong>26:15:</strong> Greggs</p><p><strong>29:01:</strong> Diageo</p><p><strong>31:31:</strong> EasyJet</p>","author_name":"Investors' Chronicle"}