James Harries (Troy) - Exercising Discipline For Global Dividend Growth

James Harries has a wealth of experience as a global income investor and manages the Trojan Global Income Fund and Securities Trust of Scotland.  James talks about his journey from Royal Military Academy Sandhurst to a career in investing, how he has evolved as an investor and why income investing remains highly relevant in today's world.Show notes:[1:05] James talks about the start of his career and the lessons learnt at Sandhurst[5:23] Being disciplined and allowing good habits to compound[6:41] The importance of income investing[9:47] Focusing on generating good returns whilst limiting drawdowns and volatility[11:08] The income discipline [13:08] Balancing quality, income and growth[15:16] The progression to a more concentrated, lower turnover and higher quality-focused portfolio[16:14] Emphasising quality above dividend yield[18:11] Insulating the portfolio and benefiting from technological change[21:37] How the deployment of technology is benefiting a broad range of companies in the portfolio.[24:14] The tobacco industry's evolution[27:58] Incorporating ESG considerations[29:04] Focusing on deeper and longer-term issues to gain an edge[31:53] Domino's Pizza[34:49] Structuring the portfolio for resilience[38:29] The macro backdrop[42:28] Do something you enjoy, concentrate on what matters and be happy