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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
Gold
Public Markets
Australian Economy
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

PublishesTwice monthlyEpisodes100Founded9 years ago
Number of ListenersCategories
InvestingBusiness

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Artwork for The Rules of Investing

Latest Episodes

Lazard Asset Management's Dr Philipp Hofflin explains how increasing volatility and reduced liquidity are creating opportunities, takes a look back at the “fallen angel” stocks he bought a year ago, and picks another beaten up stock that’s great valu... more

In this episode of The Rules of Investing, we discuss what value investing looks like in 2026, why market concentration has reached levels seen only a handful of times in history, and whether investors have been too quick to sort companies into AI wi... more

YouTube

​No doubt fundamentals matter over time, but the extreme moves that we see in financial markets can make for a hair-raising ride and can often shake weak hands from their positions.

In this episode of The Rules of Investing, Sebastian Mullins offers... more

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In this episode of The Rules of Investing, Qiao Ma of Munro Partners explains why curiosity and grit are essential traits for long-term investors. We discuss:

• Why curiosity is central to Munro Partners’ investment process

• How following bottlene... more

YouTube

Key Facts

Accepts Guests
Accepts Sponsors
Contact Information
Podcast Host
Number of Listeners
Find out how many people listen to this podcast per episode and each month.

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Recent Guests

Vihari Ross
Portfolio manager at Antipodes Partners
Antipodes Partners
Episode: The index is risky. Why Antipodes is finding value beyond the AI trade
Seb Mullins
Head of multi-asset and fixed income at Schroders
Schroders
Episode: Inside Schroders' inflation-beating 'sleep at night' portfolio
Lauren De Zilva
Portfolio Manager at Ryder Capital
Ryder Capital
Episode: 3 small caps powering Ryder Capital’s double-digit growth and fully franked dividends
Hedley Widdup
Managing Director, Lion Selection Group
Lion Selection Group
Episode: 3 ways to play the mining boom that is just getting started
Samantha Wong
General Partner at Blackbird Ventures
Blackbird Ventures
Episode: Backing generational companies with Blackbird’s Samantha Wong
Ken Wong
Partner and Head of Asia Pacific Infrastructure, EQT Partners
EQ T Partners
Episode: Is this the market’s most-misunderstood growth opportunity?
James Abela
Portfolio Manager at Fidelity International
Fidelity International
Episode: James Abela: The high-stakes search for Quality
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

Hosts

James Marlay
Host of the show, widely featured across episodes; longtime Livewire Markets presenter.
Chris Conway
Host of the show; frequent guest-host and contributor from Livewire Markets.

Reviews

4.6 out of 5 stars from 404 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
    Australia5 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.

several reviews mention strong host preparation and thoughtful questions.
listeners praise the depth and practicality of insights and guest quality.
some critics note volume/production issues in a few episodes.

Chart Rankings

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

Apple Podcasts
#85
Australia/Business/Investing
Apple Podcasts
#215
Australia/Business
Apple Podcasts
#38
Netherlands/Business/Investing
Apple Podcasts
#44
New Zealand/Business/Investing
Apple Podcasts
#137
New Zealand/Business
Apple Podcasts
#206
Netherlands/Business

Talking Points

Recent interactions between the hosts and their guests.

The index is risky. Why Antipodes is finding value beyond the AI trade
Q: What do you think investors are getting wrong about markets or misunderstanding at the moment?
There is a danger in assuming a passive allocation is truly passive; active management and valuation discipline are still essential, and breadth in market participation matters to avoid overconcentration in a narrow, overhyped subset of stocks.
The index is risky. Why Antipodes is finding value beyond the AI trade
Q: Could you tell us over your career, can you think of a big call, either right or wrong, that has really shaped the way you think about investing?
One example was a prolonged turnaround in Tesco where the stock remained under pressure for years despite a profit warning; it taught me that turnarounds can take longer than expected and that there is an opportunity cost to waiting for price perfection before reallocating capital.
Two attributes to make you a better investor
Q: Over your career, can you think of a big call, either right or wrong, that really shaped the way you think about investing today?
The emphasis was on holding through multi-year technology cycles (e.g., Apple and NVIDIA) and recognizing when to stay with a big bet that defines the tech cycle, rather than flipping too soon; the key is balancing long-term conviction with readiness to adjust when evidence changes.
3 small caps powering Ryder Capital’s double-digit growth and fully franked dividends
Q: Can you share a notable win and what was learned from it?
An early investment in Surface Street initially looked cheap but faced earnings risk; after reallocating to a lower-risk, higher-margin setup, the position turned into a strong long-term winner, underscoring the importance of adjusting to changing fundamentals and market expectations.
3 small caps powering Ryder Capital’s double-digit growth and fully franked dividends
Q: How does the team manage risk given a concentrated small-cap portfolio?
They avoid leverage, use a disciplined downside analysis, and actively manage weightings. They start small and add to positions as conviction grows, ensuring downside is minimized while upside remains substantial.

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?

This program-style show leans into high-level investing conversations with Australia's top fund managers, macro strategists, and finance industry leaders. Across episodes, listeners hear rigorous thinking on AI-driven trends, the investing cycle in seasonally sensitive sectors like mining and energy, and pragmatic portfolio construction—from risk controls and stock ideas to governance and activism. Noteworthy are frequent deep dives into AI's impact on earnings durability, the dynamics of private markets and catalysts for long-term value, and actionable ideas drawn from real-world portfolios. The format tends to blend concept with case studies, offering both macro context and specific stock or sector theses that appeal to professional inves... more

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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. Australian Investors Podcast
3. The Money Puzzle
4. Chanticleer
5. The Call from ausbiz

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.

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What guests have appeared on The Rules of Investing?

Recent guests on The Rules of Investing include:

1. Vihari Ross
2. Seb Mullins
3. Lauren De Zilva
4. Hedley Widdup
5. Samantha Wong
6. Ken Wong
7. James Abela
8. Chris Watling

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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