The Rules of Investing
The Rules of Investing is one of Australia’s longest-running business podcasts, providing investors with unparalleled access to the ideas and insights of Australia’s leading fund managers, economists and industry experts. Learn how the industry’s best invest, with the help of Livewire’s James Marlay and Chris Conway. Whether you’re new to investing or a seasoned professional, this podcast is for you. New episodes are released every second Friday, available on Livewire Markets, Spotify, Apple Podcasts, and YouTube.
10
Chris Stott: The small-cap buying opportunity is still ahead
<p>Small industrials have fallen more than 20% from their highs, but Chris Stott thinks the best buying opportunity is still ahead. So what would convince him it’s time to buy? In this episode of The Rules of Investing, 1851 Capital’s CIO explains the signals he’s watching, why he’s sold his AI infrastructure winners, and where he’s finding value while he waits. He also makes the case for Bapcor, his largest holding, and reveals the stock he’d own if the market closed for five years.</p> <p>Thanks to our Sponsor AlphaSense<br> This latest episode is brought t...
30-year property veteran: The only cure for housing is pain
<p>Last time veteran property invesrtor Andrew Parsons joined The Rules of Investing, he warned that Australia had its head in the sand on the prickly issue of housing. Fast forward two years, and affordability and the supply of new housing remain unresolved. In this episode, Parsons breaks down the state of the property cycle and where Resolution Capital is identifying the strongest structural demand. He also shares a candid view on the challenge of affordable housing, which he says isn't unique to Australia.</p> <p> </p> <p>Thanks to our Sponsor AlphaSense<br> This latest episode is brought to yo...
The Seven Deadly Sins of investing
<p>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.</p> <p>Topics include: </p> What a sharp rebound in short positions taught Allen about complacency. Why he questions the persistence of exceptional company growth. How waiting to break even can influence decisions about losing holdings. How a hypothetical IPO price can become a valuation anchor. Why the search for the next NVIDIA should include historical success rates. How Plato uses automated red flags to challenge company assessments...
Four megatrends you need to know about (and how to play them)
<p>A handful of powerful megatrends are driving trillions in investment. Here’s what’s behind them and how investors can gain exposure.</p> <p>Speakers: </p> 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. VanEck’s Jamie Hannah highlighted a transformation in global defence spending. <p>TIME CODES </p> 00:15 – Sam Franklin (EQT)– The energy opportunity 02:50 – Energy demand is accelerating 05:05 – Why solar, batteries and gas are winning 07:06 – What EQT looks for in energ...
Signal or noise? Three macro experts on what matters for your portfolio
<p>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.</p> <p>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 macro, and that was inflation, interest rates, and growth. Now we have to worry about policy mistakes, housing, AI, deglobalisation and US exceptionalism, to name but a fe...
5 shocking predictions for 2027 and beyond
<p>5 Shocking Predictions brings together bold investment forecasts spanning Australian shares, bonds, Chinese technology, geopolitics and energy.</p> <p>The presentations explore:</p> 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 next trillion-dollar companies through AI progress and policy-backed investment. A contentious interpretation of US–China rivalry, alongside an argument that bonds could rival shares over 30 years. The case for an Australian gas boom as coal capacity retires and electricity and LNG feed...
Where is the value on the ASX? 3 fund managers name their best ideas
<p>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.</p> <p>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.</p> <p>All three are looking beyond the market’s largest companies, but their approaches differ considerably.</p> <p>Bajic is finding opportunities in businesses exposed to major investment cycles, including electrification, AI infrastructure, defence and...
Five years from now, these are the companies everyone will wish they owned
<p>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 Mitchell at Livewire Live.</p> <p>Both believe opportunities remain within AI. But neither thinks the answer is simply buying the companies dominating today's headlines.</p> <p>Ross is finding value further down the semiconductor supply chain, in businesses...
Soul Patts has 20% in cash. Todd Barlow says everything else has to earn its place
<p>Soul Patts has been investing for more than a century – but CEO Todd Barlow says today's market demands a very different playbook. <br> <br> 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 risk. Barlow also discusses the opportunities Soul Patts missed in US technology, where it believes it has an edge in private credit, and why asset allocation can matter more than picking the next winning stock.</p>
Coming up: Livewire Live 2026 Special Episodes
<p>We’re bringing the best of Livewire Live directly to your podcast feed!</p> <p>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.</p> <p >The topics range from asset allocation and investor psychology to Aussie and global shares, megatrends and of course our annual 5 shocking predictions.</p> <p >We’ll return to our regular format in mid-October. </p>
