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The Rules of Investing

Livewire Markets
Artificial Intelligence
Interest Rates
Inflation
Investment Strategies
Australia
Private Equity
Asset Allocation
Private Credit
ASX
Small Caps
US Economy
Etfs
Dividends
Macroeconomic Trends
Public Markets
Australian Economy
Gold
Financial Advisors
Alphasense
Private Markets

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 y... more

PublishesWeeklyEpisodes100Founded9 years ago
Number of ListenersCategories
InvestingBusiness

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Artwork for The Rules of Investing

Latest Episodes

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 ... more

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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 eco... more

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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.

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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 i... more

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Key Facts

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Podcast Host
Number of Listeners
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Recent Guests

Chris Watling
CEO and Chief Market Strategist at Longview Economics
Longview Economics
Episode: Chris Watling on AI, inflation, oil and the fragile foundations beneath markets
Joel Fleming
Portfolio Manager at Yarra Capital
Yarra Capital
Episode: There’s always a bull market somewhere
Aaron Binsted
Portfolio Manager and Analyst at Lazard Asset Management
Lazard Asset Management
Episode: Lazard’s recipe for growing dividends with less volatility
Nick Griffin
Chief Investment Officer at Munro Partners
Munro Partners
Episode: Nick Griffin: The good, the bad and the ugly
Raphael Lamm
Co-founder and Co-CIO of L1 Capital
L1 Capital
Episode: “Less than halfway through the gold story”, L1 Capital launches high-performing strategy via new LIC
James Hawkins
Head of L1 Capital's Catalyst Fund
L1 Capital
Episode: The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund
Ryan Donnar
Managing partner and investment committee member at Privity Credit
Privity Credit
Episode: Returns today, risk tomorrow. The next shakeout will show who got lending right
James Gerrish
Portfolio Manager at Market Partners and Market Matters
Market Partners
Episode: Bids, beats and bumper dividends. Reporting season takes a positive turn
Ben Clark
From TMS Private Wealth
TMS Private Wealth
Episode: How to invest $1 million in 2026

Hosts

James Marlay
Host of The Rules of Investing
Chris Conway
Host of The Rules of Investing

Reviews

4.7 out of 5 stars from 401 ratings
  • Always Insightful

    Love this podcast…they always dig into unique and interesting topics. Every episode I learn something new and take away a quality idea or insight. Keep up the good work!

    Apple Podcasts
    5
    Curly Raw
    Australia2 months ago
  • Excellent podcast

    Great podcast and love the key questions at the end in particular the five year stock

    Please get rid of the trailers - just post the main one

    Apple Podcasts
    5
    cp Aus
    Australia2 years ago
  • Vested Interests

    Lots of guests talking their own book

    Apple Podcasts
    1
    Parker..
    Australia3 years ago
  • Patrick Poke was better.

    I used to really like this podcast. It went straight downhill after Patrick Poke left and it continues to go downhill IMHO. Unsubscribed, no longer interested

    Apple Podcasts
    1
    rudevics
    Australia3 years ago
  • Needs more Gusto Ally

    Generally a great podcast, but recent episode sounded like host was in a bunker

    Apple Podcasts
    4
    aaronfgray
    Australia3 years ago

Listeners Say

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

Listeners appreciate the depth, practical investment takeaways, and high-caliber guests.
Sound quality and production sometimes cited as an area for improvement but overall strong.
Some feedback notes guests talking their own book in places.
The host's preparation and interview style are frequently praised, making it a trusted source of market insights.

Chart Rankings

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

Apple Podcasts
#76
Australia/Business/Investing
Apple Podcasts
#201
Australia/Business
Apple Podcasts
#48
Spain/Business/Investing
Apple Podcasts
#124
Netherlands/Business/Investing
Apple Podcasts
#153
Spain/Business
Apple Podcasts
#190
New Zealand/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

Lazard’s recipe for growing dividends with less volatility
Q: If markets were to shut for the next five years, and you could only own shares in one company, which company would that be and why?
Main Freight would be my pick due to its resilient balance sheet, founder-led management, profitability measured by branches, and a track record of earnings growth and cash flow generation, which together provide a defensible, cash-generative business even in a prolonged downturn; its global footprint and diversification reduce idiosyncratic risk while offering upside from international expansion.
The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund
Q: What about a big loss and the lesson learned?
The Star Entertainment Group experience underscored that even with deep, early due diligence, external factors and governance issues can derail catalysts; the key takeaway is to acknowledge that internal views may be wrong when observed from outside the company and to manage risk accordingly.
The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund
Q: Tell me about a big win from your career and what you learned from it.
The win with Downer showed that thoroughly assessing potential cost savings, backing management, and using proceeds to strengthen the balance sheet can unlock substantial intrinsic value, leading to a buyback and a re-rated multiple as margins expand.
The decisions Dion Hershan is making now that could set up portfolios for a decade
Q: If markets were shut for five years and you could hold only one stock, what would it be and why?
He would choose Next DC, citing the tangible expansion in data-center capacity, growing data consumption in Australia, and the potential for five- to ten-fold growth over a decade given the company's build-out and customer quality.
The decisions Dion Hershan is making now that could set up portfolios for a decade
Q: How important is the management team to a thesis like Ramsey Healthcare or Next DC?
Management is crucial in dynamic, high-growth industries; strong leadership can unlock value by simplifying businesses, freeing up capital, and focusing on core strengths, which is central to Ramsey Healthcare and Next DC theses.

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 The Rules of Investing

What is The Rules of Investing about and what kind of topics does it cover?

A practical, Australia-focused finance conversation series that gathers leading fund managers, economists, and investment professionals to discuss strategy, markets, and real assets. Episodes frequently center on active vs. passive approaches, thematic investing (AI, data centers, gold, property, private credit), and real-world portfolio ideas, with a strong emphasis on risk management, diversification, and capital allocation in a shifting macro environment. Noteworthy is the mix of high-profile fund managers and practitioners, a clear preference for deep-dive interviews, and a track record of actionable theses and case studies that readers can translate into client portfolios or sponsorship positioning.

Where can I find podcast stats for The Rules of Investing?

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How many listeners does The Rules of Investing get?

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What are the audience demographics for The Rules of Investing?

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How many subscribers and views does The Rules of Investing have?

To see how many followers or subscribers The Rules of Investing has on Spotify and other platforms such as Castbox and Podcast Addict, simply upgrade your account. You'll also find viewership figures for their YouTube channel if they have one.

Which podcasts are similar to The Rules of Investing?

These podcasts share a similar audience with The Rules of Investing:

1. Buy Hold Sell, by Livewire Markets
2. Your Wealth
3. Australian Investors Podcast
4. The Money Puzzle
5. Chanticleer

How many episodes of The Rules of Investing are there?

The Rules of Investing launched 9 years ago and published 100 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact The Rules of Investing?

Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

Where can I see ratings and reviews for The Rules of Investing?

Rephonic pulls ratings and reviews for The Rules of Investing from multiple sources, including Spotify, Apple Podcasts, Castbox, and Podcast Addict.

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What guests have appeared on The Rules of Investing?

Recent guests on The Rules of Investing include:

1. Chris Watling
2. Joel Fleming
3. Aaron Binsted
4. Nick Griffin
5. Raphael Lamm
6. James Hawkins
7. Ryan Donnar
8. James Gerrish

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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