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Artwork for Art of Boring
Artificial Intelligence
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Mawer Investment Management Ltd.
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Listen as Mawer Investment Management Ltd. takes a deeper dive into the investment philosophy and strategies that have helped put the odds in their clients' favour for over 50 years.

PublishesTwice monthlyEpisodes227Founded9 years ago
Number of ListenersCategories
InvestingBusinessManagement

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Artwork for Art of Boring

Latest Episodes

Private equity is opening up to individual investors, and the line between public and private markets is blurring. In this episode, private investments portfolio manager Peter Lieu and institutional portfolio manager Kevin Minas break down secondarie... more

AI CapEx is on track to reach roughly $700 billion at the four largest hyperscalers this year, and equity analyst Irena Petkovic breaks down where all that money is going and what has to be true for it to earn a return. She explains how data centers ... more

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How do you value a memory semiconductor stock like SK Hynix when no one can predict DRAM prices? Equity analyst Shan Rui Yeo walks through the team's Monte Carlo valuation framework: a discounted cash flow run through thousands of scenarios that pric... more

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Memory has been one of the strongest corners of the semiconductor industry, and strong returns invite hard questions. In the second part of this series, equity analyst Shan Rui Yeo examines the main risks to the memory thesis: rising competition from... more

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Recent Guests

Irena Petkovic
Researcher/Expert on AI CapEx and hyperscalers
Mawer Investment Management
Episode: AI CapEx: How Hyperscalers Turn Data Centers Into Returns | EP 226
Shan Rui Yeo
Equity analyst
Mawer Investment Management Ltd
Episode: Memory, Part 3: Cyclicality, Leveraged EFTs, and Pricing Uncertainty | EP 225
Dominic Drzazga
Equity Analyst on Canadian Small Cap Strategy
Mawer Investment Management Ltd.
Episode: Investing in the Build Canada Theme | EP 222
Stu Morrow
Investment professional discussed as the guest on the show
Mawer Investment Management Ltd
Episode: Quarterly Update | Q2 2026 | EP 221
Wen Cheong
Emerging markets portfolio manager
Mawer Investment Management
Episode: Emerging Markets: Different Hats, Better Decisions, and Learning Faster | EP 220
Paul Moroz
Portfolio manager
Mawer Investment Management Ltd.
Episode: Global Equity: The Odyssey, the AI Trade, and Concentration Risk | EP 219
Mark Rutherford
Runs the Canadian equity portfolio
Mawer Investment Management
Episode: Looking Under the Hood: Canadian Equity Concentration and Diversification | EP 218
Steven Visscher
Portfolio Manager at Mawer
Mawer Investment Management
Episode: Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
Jeff Moe
Portfolio Manager at Mawer Investment Management
Mawer Investment Management
Episode: U.S. Mid-Cap: The Physical Economy Comeback, Capital Intensity, and Portfolio Positioning | EP 216

Hosts

Andrew Mawer
Co-founder and senior figure in investment philosophy; frequently hosts and represents the firm's approach.
Rob Mawer
Key host/voice of the show; leads discussions on investment discipline and portfolio positioning.

Reviews

4.6 out of 5 stars from 115 ratings
  • Helpful advice

    I have been a Mawer investor for about 13 years and their advice is professional and reassuring. Especially helpful information when markets are volatile to understand how their philosophy and strategic planning of their individual portfolios go to mitigate risk and search for opportunities. A superb investment company IMO.

    Apple Podcasts
    5
    Rest of Canada
    Canadaa year ago
  • Masterclass at Mawer

    I have been reading their articles and investing in Mawer for almost 15 years. Their discussions are easy to follow and understand. I highly recommend to anyone especially for new investors on a topic many believe to be too daunting to understand.

    Apple Podcasts
    5
    TPN.8
    Canada3 years ago
  • Abdy

    I love this. It is so easy to follow along especially for someone who doesn’t have a financial background.

    Apple Podcasts
    5
    abdy4
    Canada6 years ago
  • Very informative

    Great presentation and consideration. Fantastic conversation and thoughts. Be Boring. Make Money!

    Apple Podcasts
    5
    Baronialists
    Canada6 years ago
  • So far, it’s the best podcast for investment

    Excellent topic and insightful talk!

    Apple Podcasts
    5
    jeff_yao
    Canada7 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Clear, well-structured investment thinking with practical takeaways.
Consistently high-quality insights from a long-standing investment philosophy.
Audience appreciates accessibility of topics for professional investors.
Strong emphasis on bottom-up analysis and risk discipline.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#155
Canada/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

AI CapEx: How Hyperscalers Turn Data Centers Into Returns | EP 226
Q: What does the scale of investments look like right now, and why is there so much debate?
Investors are wrestling with a $700 billion annual CapEx figure from the four hyperscalers, driven by a shift toward data-center monetization via tokens and a move from cost centers to revenue-generating assets within AI workloads.
Memory, Part 3: Cyclicality, Leveraged EFTs, and Pricing Uncertainty | EP 225
Q: How does the leverage ETF dynamic affect your longer-term analysis?
Leverage ETFs amplify daily moves and can widen the gap between price and value, which we monitor to determine when to trim or add to positions based on the evolving risk-reward distribution.
Memory, Part 3: Cyclicality, Leveraged EFTs, and Pricing Uncertainty | EP 225
Q: Shan, what do you do with all this?
We build a probabilistic framework to map a wide range of scenarios, then integrate them into a discounted cash flow model so that we see a distribution of possible investment returns rather than a single point forecast.
Memory, Part 1: From Boom-Bust Commodity to AI Bottleneck | EP 223
Q: Can you walk us through the different memory types and how they fit into the broader AI and consumer electronics landscape?
DRAM acts as short-term memory with fast access but limited capacity, while NAND provides long-term storage with higher capacity but slower retrieval; AI workloads increasingly rely on high-bandwidth memory (HBM) to accelerate performance, especially in GPUs and AI accelerators.
Emerging Markets: Different Hats, Better Decisions, and Learning Faster | EP 220
Q: What are the big themes you're watching in emerging markets now, especially beyond AI?
He notes a first-principles approach, a belief in long-term structural tailwinds, and a tilt toward high-quality businesses with strong management, while recognizing valuations have shifted and that themes evolve as markets mature, with physical AI and supply-chain reshoring as key areas to monitor.

Audience Metrics

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Frequently Asked Questions About Art of Boring

What is Art of Boring about and what kind of topics does it cover?

The show centers on a disciplined, bottom-up investment philosophy applied to real-world markets, with frequent focus on diversification, risk management, and disciplined positioning across asset classes. Conversations blend macro context with stock-level ideas, illustrating how a long-running, evidence-based approach shapes portfolio construction, sector exposures, and situational tweaks in response to evolving markets. Noteworthy is the consistent inclusion of in-house experts and thought leaders from Mawer Investment Management, often paired with guests who illuminate practical investment themes and strategies for professional audiences.

Listeners can expect deep dives into topics like global equities, credit opportunities, energy and r... more

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2. The Acquirers Podcast
3. Market Call
4. Excess Returns
5. Yet Another Value Podcast

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Art of Boring launched 9 years ago and published 227 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Art of Boring?

Recent guests on Art of Boring include:

1. Irena Petkovic
2. Shan Rui Yeo
3. Dominic Drzazga
4. Stu Morrow
5. Wen Cheong
6. Paul Moroz
7. Mark Rutherford
8. Steven Visscher

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