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Artwork for Many Happy Returns

Many Happy Returns

PensionCraft
Inflation
Federal Reserve
China
Cryptocurrency
Investing
Market Volatility
Interest Rates
Investment Strategies
Stock Market
Gold
UK Stock Market
Bonds
Investment Strategy
Financial Planning
Asset Allocation
Bitcoin
Jerome Powell
Retirement Planning
Tariffs
US Economy

Investing is the best way to build wealth, but comes with risk and uncertainty. Want to grow a portfolio of stocks, bonds, ETFs and more? This is the show to boost your knowledge and build your confidence. Join us on the journey through bull markets, bubbles and crashes. Bring snacks and a steady hand; we're in it for the long haul... Hosted by Ramin Nakisa (YouTube @PensionCraft) and Michael Pugh... more

PublishesWeeklyEpisodes242Founded5 years ago
Number of ListenersCategories
InvestingBusinessEducationSelf-Improvement

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Artwork for Many Happy Returns

Latest Episodes

The cost of insuring against Big Tech defaults has hit record highs, as massive data centre spending eats up free cashflow. Further down the AI food chain, markets are pricing in serious odds that CoreWeave defaults, and treating Oracle more like a j... more

YouTube

The Blue Whale Growth Fund has delivered outsized returns since its inception nine years ago. Recently those returns have come from concentrated bets on the picks and shovels behind the AI boom.

We talk to Stephen Yiu, Chief Investment Officer, abo... more

YouTube

After a decade in the doghouse, small-cap value has had its best run in years, but almost nobody noticed. So is this a real premium that’s finally paying out, or just a good year for cheap stocks? We ask what actually drives returns and how you can b... more

YouTube

A Swiss government bond pays half a percent a year. A British one pays more than five. Easy choice, you'd think. But yields can cut both ways. A low yield can mean the world trusts you with its money, or that your economy has stagnated. And high yiel... more

YouTube

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Recent Guests

Stephen Yiu
Chief Investment Officer and lead fund manager of Blue Whale Growth Fund
Blue Whale Growth Fund
Episode: Picking Winners: Can Concentration Keep Paying Off? with Stephen Yiu
Alex Edmans
Professor of Finance at London Business School
London Business School
Episode: The Madness of Markets, with Alex Edmans
Tom Stevenson
Investment director at Fidelity
Fidelity
Episode: How the AI Investment Boom Ends, with Tom Stevenson
Damien Jordan
From Damien Talks Money, invited guest on finance content strategy and audience insights
Damien Talks Money
Episode: Damien Talks Money: What Investors Click vs. What They Need
Jasmine Yeo
Fund Manager at Ruffer
Ruffer
Episode: Capital Preservation: The Art of Not Losing Money, with Jasmine Yeo from Ruffer
Ed Croft
Co-founder of Stockopedia
Stockopedia
Episode: Beyond the Gloom: The UK's Hidden Stock Winners, with Ed Croft
Katie Martin
Financial Times columnist who writes the Long View column and co-hosts the Unhedge podcast.
Financial Times
Episode: 100 Days Down: Making Sense of Trump's Market Shockwaves, with Katie Martin
Duncan Mavin
Journalist and author of "Meltdown, Scandal, Sleaze and the Collapse of Credit Suisse"
Bloomberg
Episode: Meltdown: Scandal, Sleaze and the Collapse of Credit Suisse, with Duncan Mavin
Simon French
Chief Economist and Head of Research at Investment Bank Panmure Liberum
Panmure Liberum
Episode: Soaring Gilt Yields and Strained Public Finances, with Simon French

Hosts

Ramin Nakisa
Host of the show; co-creator; PensionCraft
Michael Pugh
Co-host; co-creator; PensionCraft

Reviews

4.9 out of 5 stars from 1k ratings
  • Sensible

    Great stuff - well worth listening to and way better than the general junk served up in this space

    Apple Podcasts
    5
    Realsoftmonkey
    United Kingdom3 months ago
  • Run out of ideas

    Was a great podcast - two years ago - but like previous reviewers have said I end up skipping episodes or yawning through them for past few months. Run out of ideas/ steam. The bond market episode was so dull - just a string of little quips about Trump, binface, with no substance. Learnt nothing, wasn’t funny.

    Apple Podcasts
    1
    Podcastlistener9
    United Kingdom3 months ago
  • Weak

    Listened to the recent episode on the housing market. The two presenters spent a long time talking around all the issues and then contradicted themselves completely in the closing minutes. Absolutely dumbstruck that many reviewers believe these two know much about finance.

    Apple Podcasts
    1
    Rosenbaum & Wolf
    United Kingdom6 months ago
  • The best financial podcast for me

    Ramin & Michael deliver their podcast in an informative, chatty and engaging way. What I like most about Many Happy Returns is that the fundamental guidance is a low cost global all share tracker, automated actions such as regular investing. This advice is sound. However, Ramin’s explanations of the macro, sectors, tilts etc is where the entertainment is. I have been listening for many years now.

    Apple Podcasts
    5
    Red_Ian
    United Kingdom7 months ago
  • Just the right thing for the passive ETF investor who is bored and looking for an entertaining podcast to stay up to date on news they should actually completely ignore.

    Podcast Addict
    5
    9 months ago

Listeners Say

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

Informative and engaging with a global investment perspective.
Balances education with entertainment and practical portfolio tips.
Listeners praise clear explanations and long-term planning focus, with some critique of episode pacing or topic breadth.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Is Now the Time to Bet Big on Small-cap Value?
Q: How might the AI revolution hurt or help small-cap value?
Small-cap value may benefit if AI disruption favors domestic physical-economy firms, reduces rates, or shifts demand away from software. It could be hurt by regional-bank exposure to commercial real estate, unemployment-related defaults, and losses among indebted or unprofitable companies.
Is Now the Time to Bet Big on Small-cap Value?
Q: What actually is small-cap value?
Small refers to a company's market capitalization, while value can be measured in different ways, including book value, earnings, or cash flow. Indexes may also apply screens such as profitability.
Picking Winners: Can Concentration Keep Paying Off? with Stephen Yiu
Q: Have you changed anything over the last couple of months based on this move in the markets?
Yiu says the fund has not changed its positioning or used stop losses, but the sell-off prompted the team to check whether market concerns had materially changed the earnings outlook for its companies.
Picking Winners: Can Concentration Keep Paying Off? with Stephen Yiu
Q: So what do you do? What's Blue Whale and what's the investment thesis behind it?
Yiu says the fund concentrates on 25 to 35 stocks to seek returns above passive trackers, while retaining the flexibility to invest globally as opportunities change.
Mind Your Step: Before You Build a Bond Ladder
Q: Has a developed market ever defaulted on its debt?
Yes. The episode explains that while defaults in developed markets are rare, Greece's 2012 default-like restructuring involved a substantial haircut and extended maturities, with credit default swaps paying out and the country remaining in euro-denominated debt, illustrating how defaults can be managed or obscured in government funding.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Many Happy Returns

What is Many Happy Returns about and what kind of topics does it cover?

A practical investing show focused on global markets, pensions, and personal finance, delivered with accessible banter between two hosts who explain macro topics, portfolio construction, and real-world planning. Episodes often cover stocks, bonds, index tracking, inflation, currency dynamics, and retirement planning, with UK and global perspectives, sponsor integrations, and a healthy emphasis on long-term wealth building. Notable strengths include clear explanations of complex ideas, a balance of theory and actionable tips, and a recurring emphasis on avoiding costly mistakes through disciplined investing. The format is well-suited for listeners who want to understand how macro trends translate into everyday portfolios and retirement decis... more

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Which podcasts are similar to Many Happy Returns?

These podcasts share a similar audience with Many Happy Returns:

1. On The Money
2. Making Money
3. AJ Bell Money & Markets
4. The Meaningful Money Personal Finance Podcast
5. The Money To The Masses Podcast

How many episodes of Many Happy Returns are there?

Many Happy Returns launched 5 years ago and published 242 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 Many Happy Returns?

Recent guests on Many Happy Returns include:

1. Stephen Yiu
2. Alex Edmans
3. Tom Stevenson
4. Damien Jordan
5. Jasmine Yeo
6. Ed Croft
7. Katie Martin
8. Duncan Mavin

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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