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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
BusinessInvesting

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Artwork for The Rules of Investing

Latest Episodes

The GFC exposed a harsh reality: for investors in or near retirement, large drawdowns aren’t just uncomfortable — they can be permanent. Aaron Binsted from Lazard Asset Management saw this firsthand. It shaped the thinking behind a strategy designed ... more

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Markets are wobbling, sentiment is turning, and investors are starting to question what comes next. In this episode, Munro Partners CIO Nick Griffin explains why he still believes we’re in a bull market, how the war in Iran is impacting markets, and ... more

Gold has re-entered the spotlight, but L1 Capital believes investors may be looking in the wrong place. After years of investing in commodities, the firm formalised its view with a dedicated gold strategy in March 2025, now set to list as the L1 Gold... more

Periods of intense uncertainty test even the most seasoned investors. Today, markets face several competing forces: artificial intelligence reshaping industries, geopolitical tensions fuelling energy volatility, and elevated valuations alongside conc... more

Key Facts

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Recent Guests

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
Dion Hershan
Executive chairman and head of equities at Yarra Capital Management
Yarra Capital Management
Episode: The decisions Dion Hershan is making now that could set up portfolios for a decade
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
Charlie Viola
From Viola Private Wealth
Viola Private Wealth
Episode: How to invest $1 million in 2026
Nerida Conisbee
One of the most influential voices in Australian real estate.
Ray White
Episode: 4 property market hotspots and 2 big ideas to fix affordability

Host

James Marlay
Co-founder at Livewire Markets and host of The Rules of Investing.

Reviews

4.7 out of 5 stars from 399 ratings
  • 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
  • Product Flog!

    Normally enjoy these immensely but didn’t need a product flog from Chris Joye this week!!

    Apple Podcasts
    2
    Timbo 83
    Australia3 years ago

Listeners Say

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

Listeners appreciate the lineup of knowledgeable guests who provide deep insights into market trends and strategies.
Some feedback indicates disappointment with perceived bias or promotional content from guests rather than objective analysis.
Many find the podcast informative and well-prepared, with high production quality but express concerns about sound levels in some episodes.

Chart Rankings

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

Apple Podcasts
#51
Australia/Business/Investing
Apple Podcasts
#137
Australia/Business
Apple Podcasts
#241
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?

This podcast offers insights from some of Australia's top fund managers, economists, and industry experts, providing listeners with valuable information on investment strategies and market trends. The discussions are structured around the experiences and expertise of guests, which helps both novice and seasoned investors alike to understand the nuances of investing. Key recurring themes include comprehensive market analysis, portfolio management strategies, inflation, real estate trends, and the impact of macroeconomic factors on investments.

Moreover, the engaging format allows for in-depth conversations that shed light on the reasoning behind investment decisions. This not only helps listeners keep up with the dynamic financial landscape... 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. 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.

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What guests have appeared on The Rules of Investing?

Recent guests on The Rules of Investing include:

1. Aaron Binsted
2. Nick Griffin
3. Raphael Lamm
4. Dion Hershan
5. James Hawkins
6. Ryan Donnar
7. James Gerrish
8. Charlie Viola

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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