The Rules of Investing
The Rules of Investing is one of Australia’s longest-running business podcasts, offering investors access to insights from leading fund managers, economists, and industry experts. Hosted by Livewire's James Marlay and Chris Conway, it covers investment strategies for both beginners and seasoned professionals. New episodes are released every second Friday on Livewire Markets, Spotify, Apple Podcasts, and YouTube.
Episodes
The Seven Deadly Sins of investing
Dr David Allen from Plato Investment Management examines how behavioural biases shape investment decisions. His presentation covers overconfidence, the hot hand fallacy, loss aversion, anchoring, base rates, herding and confirmation bias.
Topics include:
What a sharp rebound in short positions taught Allen about complacency.
Why he questions the persistence of exceptional company growth.
How wai
Four megatrends you need to know about (and how to play them)
A handful of powerful megatrends are driving trillions in investment. Here’s what’s behind them and how investors can gain exposure.
Speakers:
EQT’s Sam Franklin focused on the energy infrastructure needed to power the digital economy.
Munro Partners’ Nick Griffin argued the AI boom is only getting started.
Janus Henderson Investors’ Daniel Sullivan made the case for a new resources supercycle.
Signal or noise? Three macro experts on what matters for your portfolio
The winds of change are upon us. The forces currently shaping Australian and global markets feel more whipsaw and shape-shifting than ever before and investors today must contend with a far broader set of variables.
As Livewire’s Chris Conway put it: "When I was coming up, admittedly many moons ago in markets, there was only three things that you needed to pay attention to have a handle on the mac
5 shocking predictions for 2027 and beyond
5 Shocking Predictions brings together bold investment forecasts spanning Australian shares, bonds, Chinese technology, geopolitics and energy.
The presentations explore:
Why Dougal Maple-Brown thinks CBA could halve from its highs, and how CSL’s rebound illustrates valuation changes.
The case for bonds becoming equity diversifiers again if growth slows.
A forecast that China could produce the ne
Where is the value on the ASX? 3 fund managers name their best ideas
The ASX 200 looks expensive, economic growth is subdued, and higher interest rates are putting renewed pressure on valuations. But that doesn’t mean there’s no value left in the Australian market.
At Livewire Live, First Sentier Investors’ Dushko Bajic, L1 Capital’s James Hawkins and Ausbil Investment Management’s Arden Jennings were asked where they are still finding opportunities on the ASX.
All
Five years from now, these are the companies everyone will wish they owned
Five years ago, owning the right handful of global technology stocks could transform a portfolio. The challenge today is deciding whether the next five years will reward investors for sticking with those winners or looking somewhere else entirely. That was the question put to Antipodes Partners Portfolio Manager Vihari Ross and Ophir Asset Management Co-Founder and Senior Portfolio Manager Andrew
Soul Patts has 20% in cash. Todd Barlow says everything else has to earn its place
Soul Patts has been investing for more than a century – but CEO Todd Barlow says today's market demands a very different playbook.
Speaking with Livewire Markets Co-Founder James Marlay at Livewire Live 2026, Barlow explains why Soul Patts is sitting on roughly 20% cash, why its exposure to listed equities has fallen dramatically, and why higher interest rates have raised the hurdle for taking r
Coming up: Livewire Live 2026 Special Episodes
We’re bringing the best of Livewire Live directly to your podcast feed!
Over the next week, we’re releasing a series of special episodes recorded live from our annual event, featuring an incredible lineup of Australia’s leading investors.
The topics range from asset allocation and investor psychology to Aussie and global shares, megatrends and of course our annual 5 shocking predictions.
We’ll ret
Why T. Rowe Price’s Iona Dent believes it’s not time to leave the equities party yet
The S&P 500 is sitting near all-time highs, record IPOs are hitting the market, and investors have enjoyed a stellar three years of double-digit returns. It’s fair to say that the party in global equity markets is in full swing.
The yield on the US 10-year bond has surged to 5.11% - the highest level since July 2007. We all know how that party ended.
In this episode of The Rules of Investing,
Hofflin: Big moves are creating great value on the ASX
Lazard Asset Management's Dr Philipp Hofflin explains how increasing volatility and reduced liquidity are creating opportunities, takes a look back at the “fallen angel” stocks he bought a year ago, and picks another beaten up stock that’s great value.
Thanks to our Sponsor AlphaSense
This latest episode is brought to you by AlphaSense.
Discover decision-grade AI now - Visit alpha-sense.com/live
The index is risky. Why Antipodes is finding value beyond the AI trade
In this episode of The Rules of Investing, we discuss what value investing looks like in 2026, why market concentration has reached levels seen only a handful of times in history, and whether investors have been too quick to sort companies into AI winners and losers. We also explore the investment lessons Ross has carried through a 25-year career, and the US senior housing company she would be co
Inside Schroders' inflation-beating 'sleep at night' portfolio
No doubt fundamentals matter over time, but the extreme moves that we see in financial markets can make for a hair-raising ride and can often shake weak hands from their positions.
In this episode of The Rules of Investing, Sebastian Mullins offers real-world examples that highlight why paying attention to big-picture headlines matters and explains his value, cycle, liquidity (VCL) framework, whi
Two attributes to make you a better investor
In this episode of The Rules of Investing, Qiao Ma of Munro Partners explains why curiosity and grit are essential traits for long-term investors. We discuss:
Why curiosity is central to Munro Partners’ investment process
How following bottlenecks can uncover overlooked investment opportunities
Why large-cap research can help identify tomorrow’s small and mid-cap winners
The challenge of
3 small caps powering Ryder Capital’s double-digit growth and fully franked dividends
Ryder Capital has just clocked up its third consecutive year of 25% plus returns, and has been paying consistent, growing dividends since 2018. In this episode Lauren De Zilva explains how Ryder looks for mispriced opportunities and the thesis behind the firm's largest portfolio holding. She also shares two small-cap investments that meet Ryder’s disciplined investment process.
Thanks to our S
3 ways to play the mining boom that is just getting started
Hedley Widdup from Lion Selection Group joins The Rules of Investing to discuss why the resources cycle may still be in its early stages, the outlook for gold and copper, and where he is finding opportunities among Australian micro-cap miners.
In this episode:
Why the mining cycle may still be early
What the Lion Clock says about the current resources market
Why gold remains attractive beyond the
Backing generational companies with Blackbird’s Samantha Wong
Samantha Wong was employee #1 at Blackbird Ventures, the largest shareholder in design software giant Canva and one of Australia’s most influential venture capital firms. When Sam joined Blackbird in 2015, the Australian VC ecosystem was in its infancy - a cottage industry with just a few hundred participants. The landscape has changed dramatically over the past decade as companies like Atlassian,
Is this the market’s most-misunderstood growth opportunity?
While the market obsesses over volatile AI software and tech start-ups, global private equity giant EQT says the real money is being made in the physical layer. In this episode of The Rules of Investing, Ken Wong, Partner and Head of Asia Pacific Infrastructure at EQT Partners, breaks down why the massive, structural build-out of data centres and renewable energy grid connectivity is the market’s
James Abela: The high-stakes search for Quality
While the market's gaze is fixed on the horizon, the ground beneath quality stocks has shifted, delivering the toughest period of performance since the lead-up to the GFC. But as the saying goes, “it’s always darkest before dawn.” In this episode of The Rules of Investing, James Abela explains why it is critical to have a process for navigating challenging markets, and highlights the bright spots,
Chris Watling on AI, inflation, oil and the fragile foundations beneath markets
Chris Watling from Longview Economics joins The Rules of Investing to discuss the global macro outlook, including AI-driven market concentration, inflation, oil, interest rates, Australian housing, and the hidden fragility beneath parts of the US economy and equity market.
In this episode:
Why the AI theme may be carrying more of the global economy than investors realise
Oil, Iran and the Strait
A familiar voice returns to The Rules of Investing
After four years away, Patrick Poke is returning to The Rules of Investing. In this short relaunch episode, Patrick and James Marlay reflect on the podcast’s evolution, the return of video episodes, and what listeners can expect next.
There’s always a bull market somewhere
While rate hikes, inflation, and budget uncertainty have dampened the spirits of many equity investors, one corner of the market is quietly thriving.
The S&P Emerging Companies Index (XEC) has surged 35% over the past 12 months, proving that there is "always a bull market somewhere" if you know where to look.
In this episode, Joel Fleming, Portfolio Manager of the UBS Micro Cap Fund, reveals w
Lazard’s recipe for growing dividends with less volatility
The GFC exposed a harsh reality: for investors in or near retirement, large drawdowns aren’t just uncomfortable — they can be permanent. Aaron Binsted from Lazard Asset Management saw this firsthand. It shaped the thinking behind a strategy designed to deliver equity returns with lower volatility and a focus on growing income. In this episode, we cover how markets are navigating today’s macro back
Nick Griffin: The good, the bad and the ugly
Markets are wobbling, sentiment is turning, and investors are starting to question what comes next. In this episode, Munro Partners CIO Nick Griffin explains why he still believes we’re in a bull market, how the war in Iran is impacting markets, and why AI is forcing a major rethink on tech investing.
“Less than halfway through the gold story”, L1 Capital launches high-performing strategy via new LIC
Gold has re-entered the spotlight, but L1 Capital believes investors may be looking in the wrong place. After years of investing in commodities, the firm formalised its view with a dedicated gold strategy in March 2025, now set to list as the L1 Gold Fund Limited (ASX: LGF, subject to approval).
Co-Chief Investment Officer Raphael Lamm sees the real opportunity not in bullion, but in overlooked go
The decisions Dion Hershan is making now that could set up portfolios for a decade
Periods of intense uncertainty test even the most seasoned investors. Today, markets face several competing forces: artificial intelligence reshaping industries, geopolitical tensions fuelling energy volatility, and elevated valuations alongside concentration in parts of the Australian equity market.
For Yarra Capital Management’s Dion Hershan, these environments demand discipline rather than pani
The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund
For much of the past year, investors have been focused on growth stocks and AI winners. But some of the strongest returns have come from stocks the market had largely written off. James Hawkins, Head of L1 Capital’s Catalyst Fund, is building a reputation for finding value where others aren’t looking, combining deep research with an activist mindset to unlock it. That strategy has helped drive a s
Returns today, risk tomorrow. The next shakeout will show who got lending right
Private lending has expanded rapidly over the past decade as banks pulled back from parts of the corporate market. The result has been a surge of capital chasing income, but the speed of that growth is also raising questions about how the sector will perform when the cycle eventually turns.
In this episode of the Rules of Investing podcast, Privity Credit Managing Partner Ryan Donnar explains why
Why this global manager backed L1 with $50m
Equity markets are in the middle of what Greg Dean calls “the world’s most uncomfortable rotation." In this episode, the founder of Langdon Equity Partners explains why AI may not be the real story, why high-margin businesses can be more vulnerable than they appear, and how he’s positioning his portfolio, including a 7.6% stake in L1 Group and a decision to reinvest in Johns Lyng after its take-pr
Pay attention to insider buying as the dust settles on wild reporting season
More than 70 companies reported this week and while the ASX 200 continues to push record highs, stock reactions remain ruthless.
In this episode, Ben Clark argues it’s been one of the strongest reporting seasons in years, with banks, miners and consumer names broadly beating expectations.
He explains why Woolworths’ resurgence caught the market off guard, why WiseTech’s AI defence matters more tha
Bids, beats and bumper dividends. Reporting season takes a positive turn
With reporting season taking a positive turn, Chris Conway speaks with James Gerrish of Market Partners to get his hot take on a big week of reporting season, the key beats and misses, and what he's keeping an eye on for the rest of the season.
Is this week's reporting season carnage a sign of things to come?
The first big week of reporting season was full of fireworks with some wild swings in some of the biggest companies on the ASX. Livewire's Chris Conway spoke with Henry Jennings from Marcus Today to discuss some of the important results and how investors reacted.
Simon Doyle on choosing the best assets for protecting portfolios from inflation
Inflation is back at the centre of investor concerns. In this episode of The Rules of Investing, James Marlay is joined by outgoing Schroders CEO and CIO Simon Doyle to discuss why inflation has been so persistent, the assets he trusts most to protect real returns and the lessons from a long career in markets.
How to invest $1 million in 2026
Markets delivered another strong year in 2025, extending an exceptional run for equities. The S&P 500 returned around 22.8% per annum over the past three years, roughly double the long-term average, while the ASX 200 delivered closer to 9.7% excluding dividends.
After a run like this, the key issue isn’t just where markets go next, but how investors set expectations. In this episode, James Mar
VanEck and Global X go head-to-head to build the ultimate ETF portfolio for 2026
Vishal Teckchandani asked two of Australia's leading ETF providers to put together a starting lineup of 11 ETFs built to win next year.
Our two team captains were VanEck's Jamie Hannah and Global X ETFs' Marc Jocum, who each brought some of their big hitters (and more cricket metaphors than you can shake a stump at).
4 property market hotspots and 2 big ideas to fix affordability
Property experts Nerida Conisbee and Kiril Ruvinsky unpack what is driving the market and share their bold predictions for 2026.
Closing out 2025 and dropping a few bonus episodes along the way
The Rules of Investing has wrapped for 2025. Thanks for tuning in; we’ve loved bringing you the conversations and insights that shaped markets this year.
We have a few bonus episodes coming out over the next couple of weeks and we’ll return to regular programming in 2026.
Enjoy the holiday break and all the best for the year ahead.
Michael O'Neill's 5 key ASX dividend picks and the outlook for income in 2026
The ASX’s headline yield has slipped, but dividend income is still on offer if investors know where to look. In this episode of The Rules of Investing, IML’s Dr Michael O’Neill explains the dividend outlook, shares five ASX income picks, and outlines the mistake investors are making on rates and valuation risk.
*Correction - in the podcast Michael mistakenly said the yield on CSL is 4% when it is
The playbook behind Plato’s 25 percent returns
Dr David Allen from Plato Investment Management joins the show to unpack the systematic engine behind his fund’s 25 percent annual returns, how red flags reveal stocks set to fall, and the global themes he believes will drive markets over the next decade.
Chris Prunty: The 4 small caps heading for ‘Hall of Fame’ status
QVG Capital’s Chris Prunty joins the Rules of Investing to unpack what makes the great companies great. He shares the three traits found in Australia’s “Hall of Fame” stocks, reveals four small caps he believes could follow in their footsteps, and explains why QVG is backing Hub24 over Netwealth in the battle of the investment platforms.
The property assets still trading at a discount as investors chase growth
Property moves in cycles, but real value lies in assets you can’t replace. Quay Global Investors’ Chris Bedingfield joins The Rules of Investing to explain why global REITs are trading at some of the biggest discounts in years, how ageing demographics and construction costs are reshaping real estate, and why patience remains the most underrated edge for investors.
________________________
Thanks t
The five-year test: Lev Margolin’s four-step process for finding structural winners
It’s hard to know what markets will do next week, let alone next year. But what if you could identify companies that will be in a stronger position five years from now?
That’s the approach taken by Lev Margolin, founder of System Capital, a Melbourne-based long/short strategy that’s delivered more than 22% per annum since inception. In this episode of The Rules of Investing, we unpack the four-ste
Inside the Soul Patts compounding machine
Soul Patts CEO Todd Barlow joins The Rules of Investing to unpack the firm’s merger with Brickworks, why he’s buying at cyclical lows, and how he’s positioning for the future of energy. He also shares why liquidity and humility matter when markets are running hot.
________________________
Thanks to our Sponsor AlphaSense
This latest episode is brought to you by AlphaSense.
See what AlphaSense can
Magellan's value picks as sentiment soars
Markets are on fire and bubble talk is everywhere. So how should investors respond? In this episode, Magellan’s Arvid Streimann breaks down how to keep emotion out of your decisions, where he’s finding genuine value, and why he still believes in the power of brands and discipline.
________________________
Thanks to our Sponsor AlphaSense
This latest episode is brought to you by AlphaSense.
See wha
Matthew Kidman: The two best times to make money in markets are coming
In this episode of The Rules of Investing, Centennial’s Matthew Kidman shares his playbook for the late stage of a structural bull market. He explains why valuations don’t matter (for now), how he found his first 10-bagger, and the standout management teams on the ASX. Plus, Kidman reveals why he’s still bullish on markets — and what could eventually bring it all undone.
Warryn Robertson: The secret to owning the world’s best assets
Warryn Robertson has spent two decades investing in the assets that keep the world running — from toll roads to transmission lines and satellites. In this episode, he explains the rules for owning the world’s best assets, why getting the definition right matters, and what investors are getting wrong about markets today.
________________________
Thanks to our Sponsor AlphaSense
This latest episode
A look inside the portfolios of Australia's leading investors - Livewire Live Mini-Series
Two of Australia’s most respected investment firms share how they are positioning for tomorrow. Learn where they see opportunity and how their strategies are evolving. From private credit to gold, discover where Soul Patts’ Todd Barlow and Regal’s Phil King see the biggest returns.
________________
This series is proudly sponsored by Bell Direct Advantage.
Bell Direct Advantage is a premium tradin
10 years from now, these are the companies everyone will wish they owned - Livewire Live Mini-Series
From gaming stock to global giant, Nvidia shows how fast the future can arrive. Global stock pickers Josh Cummings, Qiao Ma and Dr David Allen share where they see the next mega caps emerging.
________________
This series is proudly sponsored by Bell Direct Advantage.
Bell Direct Advantage is a premium trading platform designed for active and sophisticated investors. It provides access to Bell Pot
High conviction: What we’re backing for the long term - Livewire Live Mini-Series
Banks and miners dominate the ASX, but the opportunity doesn’t end there. At Livewire Live 2025, L1 Capital’s Mark Landau and Allan Gray’s Simon Mawhinney shared their conviction calls beyond these portfolio staples.
This episode is part of our special mini-series of The Rules of Investing, giving you a front-row seat to discussions from Livewire Live 2025, our flagship investor event.
Whether you
Viktor Shvets: How to embrace the chaos clouding markets - Livewire Live Mini-Series
If you’re still betting on bear markets or mean reversion to drag asset prices back to earth, you’re living in a bygone era. That’s the message from Viktor Shvets, Macquarie’s Head of Global Strategy, who joined us at Livewire Live 2025.
This episode is part of our special mini-series of The Rules of Investing, giving you a front-row seat to discussions from Livewire Live 2025, our flagship invest
Chris Joye's big contrarian call
Christopher Joye is making a bold call on the US. He believes Trump’s policies will deliver exceptionally strong growth, fuelled by tariffs, tax cuts, and trillions in AI-driven investment. In this episode, Joye explains why he is so bullish on America, what the bond market is signalling, and his advice for investors as hybrids roll off in the years ahead.
________________________
Thanks to our Sp
Anna Milne: 4 steady performers, 2 fallen angels and the 'must-own' commodity right now
Large caps are often seen as the steady corner of the market, but recent months have reminded us they’re anything but boring. On this episode of The Rules of Investing, Anna Milne, Deputy Portfolio Manager of WAM Leaders shares how Wilson Asset Management is navigating volatility in the ASX 200.
Milne discusses why they like commodities and how the listed investment company structure allows the
Chris Stott: Why small caps are firing and 5 'Reporting Season Awards'
August reporting season was a rollercoaster but it didn't stop the momentum that has been pushing the ASX higher in 2025.
There were shock sell-offs, steady beats, and a very strong showing from small caps. To help make sense of it, Livewire spoke with small cap stock picker Chris Stott from 1851 Capital, and our very own Kerry Sun, who spends his days hunting for insights from announcements, bro
Lessons from the ‘dark side’ of credit
MA Financial has built its reputation in the toughest corner of the corporate world, restructures. In the years after the GFC, it advised on some of Australia’s most complex and high-profile turnarounds, from Centro Properties and Alinta Energy to Babcock & Brown and Nine Entertainment.
Today, the firm manages over $12 billion and has grown into a major player in private lending. In this episo
Rudi: It’s not a bubble, AI’s next winners, and what investors are overlooking
Investing feels easier when markets are messy. When volatility spikes and fear takes hold, putting fresh capital to work can feel rational, even opportunistic. But when markets are cruising near record highs, valuations look stretched, and AI stocks are powering ahead like a runaway train, adding to a portfolio can feel unnerving.
It’s a sentiment shared by many right now. With the ASX 200 trading
Life changing technology meets a structural growth industry
Step back for a moment and think about how technology has changed your life over the past two decades.
What springs to mind? Smartphones, on-demand streaming (whether it’s music or movies), digital maps, and the broad adoption of artificial intelligence, all powered by fast, affordable and readily available internet access.
The list goes on, and there’s no doubt these advances are changing the way
From cold call to capital giant: The Metrics story in Lockhart’s words
For all the scrutiny on private credit of late, one thing remains clear – there remains an insatiable demand for it from investors.
Case in point, the recent $315 million raise by Metrics Credit Partners for the Metrics Master Income Trust. It was done in a day.
Yet for the man often at the centre of the conversation, Metrics co-founder and Chief Investment Officer, Andrew Lockhart, the mission re
Equities up, bonds behaving but what is the US dollar telling investors?
Markets are forward looking and are one of the strongest indicators of what lies ahead for global economies. This dynamic reflects the thinking of millions of market participants digesting and pricing available information to guide how asset prices reflect the future.
For all the twists, turns, and curveballs that 2025 has delivered, markets are, in many cases, at or above where the year started.
Mark Mobius: Change is coming and most companies are not prepared
“People are getting too short term. They’re getting panicked by the developments taking place on tariffs and so forth... they don’t realise it’s often just a bargaining point.”
That’s the view of Mark Mobius, a pioneer in emerging markets investing and founder of Mobius Investments. Mobius says many investors are misreading the noise echoing around global markets. His advice? “Be patient and be wi
Vimal Gor on the future of bonds, currencies, and why he thinks shares can rally
Ellerston Capital’s fixed-income and multi-asset strategist Vimal Gor says the radical Trump presidency means the US Federal Reserve will be forced to return to quantitative easing later this year to cap bond yields and offset the nation’s fiscal problems.
In this podcast, Gor also details why he thinks this means shares, gold and bitcoin can rally later this year. He also argues why he thinks the
Investors had a decade to buy Amazon. Is it Spotify’s turn now?
Amazon spent over a decade as a misunderstood stock - volatile, unprofitable, and often written off. But for those who looked past the noise, it became one of the greatest investments of our time. Today, Janus Henderson sees echoes of that journey in Spotify. It may not look like a market leader yet, but under the surface, the building blocks of enduring growth are falling into place. In this epis
Marcus Padley reveals the secret sauce of timing markets
In this special episode of The Rules of Investing, veteran stockbroker and Marcus Today founder Marcus Padley joins Livewire’s James Marlay for a wide-ranging conversation on two critical themes. First, Marcus takes aim at the industry’s obsession with buy-and-hold, arguing that smart market timing isn’t just possible - it’s essential for managing risk and avoiding underperformance. Then, he field
Andrew Mitchell: The market always wins
Equity markets have bounced, but Andrew Mitchell from Ophir says the road ahead is tricky. Higher bond yields and policy risks point to slower growth. In this environment, companies that can grow through the cycle will stand out. In this episode of The Rules of Investing, Mitchell shares his views on equity markets, the dominance of US megacaps, and why he remains optimistic on small and mid-caps.
Meet David - He’s taking on Australia’s ETF Goliaths (with just 10 stocks and a bold plan)
Australia’s ETF industry is booming - up $53 billion in the past year alone - and a new player is stepping into the ring. David Tuckwell, son of ETF pioneer Graeme Tuckwell, has launched ETF Shares to challenge the giants like Vanguard and Betashares. His weapon of choice? Low fees and ultra-focused US tech exposure. One fund holds just the top 10 Nasdaq stocks - an audacious bet on concentration
Tough medicine: Trump 2.0 is a structural break for economies and markets
Investors hoping for a swift ‘V-shaped’ recovery from the recent market sell-off are likely to be disappointed. Instead, they face a slow, grinding path forward. That’s the base case from Koda Capital’s Chief Economist, Brigette Leckie, who says the tariff-led policies of Trump 2.0 represent a structural break for economies and markets.
_____________________
Thanks to our Sponsor AlphaSense
This
“We’re buying”: Emma Fisher spots a rare chance to upgrade the portfolio
“Are you okay?” That was the question Emma Fisher got from her mum after the ASX plunged more than 6% in a single day. For Fisher, it was a soft signal that the worst of the panic may be behind us. In this episode of The Rules of Investing, Emma shares why sharp sell-offs are the new normal, the two market “buckets” she’s buying from, and how she’s funding new ideas. Last time she was on the podca
The world is complex. Beyond the headlines is where the real opportunities lie
No matter how long you’ve been in markets, we’re all guilty, at one point or another, of operating at a headline level. When markets are moving violently - like they are now - and we’re all trying to keep up, operating at a summary level can become even more pronounced.
But looking beyond the headlines, challenging what you think you know, and diving deeper into complex issues, will almost certain
Jun Bei Liu: 2 stocks for the bottom drawer and how to play the only realistic scenarios left for 2025
At the start of 2025, there were three big-picture scenarios facing investors: a hard landing, a soft landing, or no landing at all. Just two of those scenarios remain, with a hard landing now off the table, according to Ten Cap’s Jun Bei Liu.
That view might seem a touch ambitious in light of the market rout that kicked off in mid-February and gathered steam as sticky inflation and a tariff war p
Steve Johnson: Two small caps on a run and the uncovered gems that could be next
The allure of small-cap investing is undeniable. The chance to find an overlooked gem that can skyrocket is real, but the risks are just as high. Illiquidity, limited analyst coverage, and varying investor strategies create opportunities—but also traps. Success stories like Pro Medicus and Netwealth prove the potential, yet the volatility can be brutal.
Steve Johnson, CIO at Forager Funds, knows t
Cuts are coming, equities are full, and Trump is being underestimated by everyone
From investing his paper route money in term deposits when he was nine years old, to racing the two kilometres from one end of Collins Street to the other to submit a handwritten RBA bond tender, to running a market-beating income fund for more than 20 years, Yarra Capital Management’s Roy Keenan has seen it all in his 40 years in fixed income.
It is this broad experience and love for fixed income
Fight the FOMO with 4 stocks the herd is overlooking
Stock markets are off to a flying start for 2025. The S&P ASX 200 is up nearly 5%, with gold, banks and technology companies continuing their bull runs from 2024. The consensus view is that banks and tech are expensive, but the market doesn't seem to agree, or at least it doesn't care.
Moments like this can be challenging for investors; fundamentals tell you to look the other way, but ignoring
How to invest $1 million in 2025
The past few years have been kind to investors. A glance over 2024 asset class returns suggests that most Australian investors have been sitting on healthy gains for the past 12 months, with the much-loved banks leading the charge. Global equity exposure will have sweetened returns, with the S&P 500 clocking up consecutive years of +20%. Even conservative investors have been rewarded with retu
Top-rated adviser Paul Burgon reveals his 10 principles for investing in 2025 and beyond
If you’re feeling upbeat about markets as we head into 2025, you’re not alone. 41% of investors that participated in Livewire’s Outlook Series Survey said they are feeling optimistic about markets right now, well ahead of the following most popular response with 30% of survey participants saying they are feeling anxious.
The responses are not surprising, given the decisive run in equity markets in
Australian house prices have soared 17x since 1981. Where will they go in 2025?
The Australian property market is incredibly nuanced. Markets like Brisbane, Adelaide, and Perth are soaring by double digits while the markets of Sydney and Melbourne have started to cool considerably. But even if prices in the largest housing markets are mellowing, it does not take away the core and indisputable argument: Housing may never have been affordable but now, the crisis is worse than e
Brigette Leckie: Investing is like a patchwork quilt
Koda Capital is one of Australia's elite wealth management firms, charged with allocating over $11.5 billion of capital on behalf of high-net-worth individuals, family offices, and charitable foundations.
For the past decade, Brigette Leckie has played a pivotal role in shaping the firm's views on where the best opportunities lie across global asset markets. Leckie firmly believes that understandi
The straightforward approach to picking ASX growth stocks (and 7 examples for good measure)
For those who love equities, you’re in for a treat with the latest Rules of Investing podcast. This week's episode features First Sentier Investors’ Deputy Head of Australian Equities Growth, David Wilson.
Wilson's bread and butter is picking high-quality growth companies - a role he executes every day as part of the team that runs the First Sentier Geared Australian Share Fund. He is not afraid t
Meet Armina Rosenberg: Mike Cannon-Brookes' former PM harnessing AI to outperform the market
In a world where artificial intelligence dominates headlines, few fund managers have harnessed it as boldly as Armina Rosenberg.
For those who don't know her, "Arms" made a name for herself at Grok Ventures, the family office of Mike Cannon-Brookes.
Now, she's paving a new path at AI-backed Minotaur Capital, alongside Perpetual alumnus Thomas Rice.
The duo have developed Taurient, a software syste
Bringing it all together: How to set up your portfolio for success - Livewire Live Mini-Series
Today, we’ll be bringing all the insights from Livewire Live together with the help of one of Australia's leading financial advisers and one of the country's top wealth managers.
Livewire’s James Marlay sat down with Alexandre Ventelon of Morgan Stanley Wealth Management and Charlie Viola of Pitcher Partners to answer our audience’s questions about asset allocation and give investors some tangible
The good, the bad, and the ugly - Livewire Live Mini-Series
Today, you’ll be learning about the good, the bad and the ugly of equities markets - with the help of:
Dr David Allen, Head of Long/Short Strategies, Plato Investment Management
Ben Griffiths, Executive Chairman, Eley Griffiths Group
James Hawkins, Partner & Head of the Catalyst Fund, L1 Capital
Dushko Bajic, Head of Australian Equities Growth, First Sentier Investors
This panel is hosted by
5 Shocking Predictions for 2025 - Livewire Live Mini-Series
Many of the best investing opportunities emerge when you think differently from the herd. This session will feature five high energy predictions that will challenge consensus thinking as investors look towards 2025 and beyond.
You’ll be hearing from five of Australia’s leading investment minds, including:
Kellie Wood, Head of Fixed Income at Schroders
Vihari Ross, Portfolio Manager at Antipodes,
Unlocking portfolio potential: Lessons from Soul Patts’ disciplined strategy - Livewire Live Mini-Series
In this session you’ll be hearing a fireside chat with Todd Barlow the CEO of Soul Patts, Australia’s oldest listed company.
Soul Patts is a diversified investment house often described as Australia’s answer to Warren Buffett’s Berkshire Hathaway. The company has established an incredible record of dividend payments to shareholders and today you’ll be getting an asset allocation masterclass from T
