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Artwork for Art of Boring
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Mawer Investment Management
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Mawer Investment Management Ltd.

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.

PublishesWeeklyEpisodes221Founded8 years ago
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ManagementInvestingBusiness

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Artwork for Art of Boring

Latest Episodes

Canadian equities gained in the second quarter of 2026 even as the economy tripped the technical definition of a recession and an oil shock sent crude toward $120 before it fell back. Institutional portfolio manager Kevin Minas and investment counsel... more

Investment teams increasingly build and rely on their own AI tools, but the payoff depends on how deliberately a team reinvests the time that AI frees up. Emerging markets portfolio manager Wen Quan Cheong walks through how his team puts believabilit... more

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AI portfolio construction in global equity markets (memory semiconductors, mega IPOs, and how to manage concentration risk) is the focus of this conversation with Mawer's global equity portfolio manager Paul Moroz. Drawing on Homer's Odyssey, he expl... more

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Canada's stock market has set repeated record highs in 2026, even as the domestic economy feels soft. Canadian equity portfolio manager Mark Rutherford explains the gap between the two, and why a large weight in financials can represent more diversif... more

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Recent Guests

Mark Rutherford
Runs the Canadian equity portfolio
Mawer Investment Management
Episode: Looking Under the Hood: Canadian Equity Concentration and Diversification | EP 218
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
Peter Lampert
Head of International Equity at Mawer (guest)
Mawer Investment Management
Episode: International Equity: Finding Quality Opportunities in Today's Market | EP.215
Brian Carney
Lead PM of the Mawer Global Credit Opportunities Strategy
Mawer Investment Management
Episode: Global Credit: Energy Shocks, AI Borrowing, and Signs of Stress | EP 214
Wen Quan Cheong
Investment expert discussing themes in emerging markets and AI
Mawer Investment Management Ltd.
Episode: Emerging Markets: AI "Picks and Shovels," ROIC, and the Great Supply Chain Reshuffle | EP 210
Stu Morrow
Investment counselor at Mawer
Mawer Investment Management Ltd.
Episode: Quarterly Update | Q4 2025 | EP 206
Grayson Witcher
US Equity Portfolio Manager
Mawer Investment Management Ltd.
Episode: From Invisible Hand to Heavy Hand: Government Stakes, AI, and the Shifting CapEx Cycle in U.S. Markets | EP 197
Dom Drzazga
Equity analyst working on Canadian small cap team
Mawer Investment Management
Episode: From Inventory to Innovation: Canadian Small Caps in Focus | EP 195
Josh Samuel
Colleague at Mawer Investment Management, based in Singapore and knowledgeable about defense industries.
Mawer Investment Management Ltd.
Episode: Investment Opportunities in a Changing Military Landscape | EP187

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 114 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
    Canada6 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
#117
Hong Kong/Business/Investing
Apple Podcasts
#242
Hong Kong/Business

Talking Points

Recent interactions between the hosts and their guests.

Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
Q: How are you balancing the allure of AI-driven earnings with the need for diversification and risk management?
We evaluate AI opportunities through a valuation lens, trim overextended positions, reinvest in reasonably valued businesses, and ensure the overall portfolio remains diversified to avoid overexposure to a single theme.
Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
Q: Has there been a single dominant theme in 2026 so far, and how does it affect our positioning?
Geopolitical tensions and AI investment dominate, prompting a cautious but active stance; the portfolio remains near its 60% equity target with increased international exposure, while we monitor AI valuations and maintain readiness for credit dislocations.
U.S. Mid-Cap: The Physical Economy Comeback, Capital Intensity, and Portfolio Positioning | EP 216
Q: What risks or misconceptions should investors watch for with this shift to capital-intensive growth?
There can be cycles and discrepancies between productivity gains and actual capital deployment. Some AI-capex beneficiaries may act as ballast in a recession, but it's crucial to avoid overpaying for themes and to consider how productivity adoption and potential AI losers could impact other holdings, maintaining a diversified, contrarian approach.
U.S. Mid-Cap: The Physical Economy Comeback, Capital Intensity, and Portfolio Positioning | EP 216
Q: How does the team reconcile big macro themes with individual stock ideas?
By combining a top-down overlay with a bottom-up, idiosyncratic approach. They screen thousands of companies, assess competitive advantages and management quality, and then bias toward those that fit the evolving physical-economy thesis while maintaining balance so that AI-driven beneficiaries don't swamp the portfolio.
U.S. Mid-Cap: The Physical Economy Comeback, Capital Intensity, and Portfolio Positioning | EP 216
Q: What is the overarching theme driving the investment stance for the US MidCap portfolio?
The focus is on a shift toward a more physical economy where capital expenditure and domestic production become more important for growth, balanced with bottom-up idea generation that looks for idiosyncratic companies with durable competitive advantages, while ensuring diversification and resisting over-concentration in any one theme.

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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Art of Boring launched 8 years ago and published 221 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. Mark Rutherford
2. Jeff Moe
3. Peter Lampert
4. Brian Carney
5. Wen Quan Cheong
6. Stu Morrow
7. Grayson Witcher
8. Dom Drzazga

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