MoneyTalk

 

In For A Penny

02 July 2009
In this week’s episode:

Peter Hargreaves discusses his book "In for a Penny" with David Kuo and Maynard Paton. The trio trace beginnings of Hargreaves Lansdown from a room in Peter's house to the £1b business it has grown to today. They also discuss the UK economy and where investors should be putting money to achieve the best returns. A transcript of this podcast is also available. Listen out for the competition to win a signed copy of the book. To enter the competition, email your answer to moneytalk@fool.co.uk. The closing date is 10 July 2009. Read the full terms & conditions for this competition. 

David Kuo and Peter Hargreaves
David Kuo and Peter Hargreaves

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

HastyDave 02 Jul 2009 , 10:45pm

Interesting discussion, and Mr Hargreaves certainly isn't shy of voicing an opinion, which is probably a good thing. However, I'm not sure that cutting 3.5 million public sector jobs - more than half the current public sector - is such a good idea. I don't think we need to double the unemployment total right now.
Of course, he may have been exaggerating a little...

TMFDragon 03 Jul 2009 , 12:36pm

Hi HastyDave,

Interesting view. But is the answer to unemployment simply to employ people for the sake of employing them?

We could probably start with council "bin inspectors" who snoop in our wheelies to see what we throw out.

David

theRealGrinch 04 Jul 2009 , 2:48pm

Im a fan of HL but I wish HL would have a more attractive price for share trading. they are almost twice as expensive as other execution only brokers.

zanzoobar 06 Jul 2009 , 11:59pm

Interesting discussion apart from the right wing gibberish from PH encouraged by DK..

I'm fairly sure that many of those Mr. Hargreaves would like to make unemployed in the public sector such as doctors, teachers and the police would be sorely missed by the majority who do not have the advantage of Peter Hargreaves vast wealth.

LordEssex 09 Jul 2009 , 6:30pm

Well done Maynard for asking him about trackers. He didn't say why his team recommended New Star Africa though.

He is talking gibberish about using complex mathematical models to analyse funds. Its just standard deviation. If his team used tracking error, sharpe ratios and information ratios I think his panel would look quite different.

He is good at flannel but there is much better data analysis on the Trustnet and Bestinvest sites

rouge14 13 Jul 2009 , 4:56pm

rouge14 13 Jul 2009 , 5:30pm

Well said Peter Hargreaves for saying what most are afraid to say in public.
The public sector is well known for being monstrously inefficient.My dealings with one dept. recently were mindboggling.The beaurocracy and waste is apalling.Recently Lord Jones said the civil service could be cut in half and still function and that DWP was not fit for purpose.The UK economy is not a charity, its seriously ill.We cant afford this millstone.Cut it in half and make the rest work until 78 to fund their gold plated pensions.

ninoson 15 Jul 2009 , 12:35am

Dear Moneytalk Team

Boys and girls, you need to be a bit more careful with your journalism.

In your podcast "In for a penny" David Kuo talked about Bernie Madoff and Allen Stanford as "scam merchants". I think this is a risky statement to make.

Madoff has now been found guilty and sentenced, so you have no problems there.

But Stanford's case has yet to be heard. He might win the court proceedings. In which case he could come after Mr Kuo and the Motley Fool for some nice damages.

I am no lawyer but I think you need to look into this urgently.

Best wishes

Jonmojon

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About the show

Money Talk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, Money Talk tackles a different topic every week.

About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (97.4FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.