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The Rules of Investing

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

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
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InvestingBusiness

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Artwork for The Rules of Investing

Latest Episodes

Dr David Allen from Plato Investment Management examines how behavioural biases shape investment decisions. His presentation covers overconfidence, the hot hand fallacy, loss aversion, anchoring, base rates, herding and confirmation bias.

Topics inc... more

A handful of powerful megatrends are driving trillions in investment. Here’s what’s behind them and how investors can gain exposure.

Speakers:

• EQT’s Sam Franklin focused on the energy infrastructure needed to power the digital economy.

• Munro P... more

The winds of change are upon us. The forces currently shaping Australian and global markets feel more whipsaw and shape-shifting than ever before and investors today must contend with a far broader set of variables.

As Livewire’s Chris Conway put it... more

5 Shocking Predictions brings together bold investment forecasts spanning Australian shares, bonds, Chinese technology, geopolitics and energy.

The presentations explore:

• Why Dougal Maple-Brown thinks CBA could halve from its highs, and how CSL’s... more

Key Facts

Accepts Guests
Accepts Sponsors
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Find out how many people listen to this podcast per episode and each month.

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Recent Guests

Iona Dent
Associate Portfolio Manager for Global Growth Equity Strategy at T. Rowe Price
T. Rowe Price
Episode: Why T. Rowe Price’s Iona Dent believes it’s not time to leave the equities party yet
Dr. Philipp Hofflin
Portfolio manager and analyst at Lazard Asset Management
Lazard Asset Management
Episode: Hofflin: Big moves are creating great value on the ASX
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

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 405 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
    Australia6 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
#28
Australia/Business/Investing
Apple Podcasts
#58
Australia/Business
Apple Podcasts
#135
New Zealand/Business/Investing
Apple Podcasts
#158
China/Business/Investing
Apple Podcasts
#218
Philippines/Business/Investing
Apple Podcasts
#225
New Zealand/Business

Talking Points

Recent interactions between the hosts and their guests.

Soul Patts has 20% in cash. Todd Barlow says everything else has to earn its place
Q: With cash now offering a meaningful return, what does an investment have to offer to justify taking equity risk?
The guest notes that acceptable returns depend on the risk profile; for infrastructure-like ventures backed by long-term contracts, they might accept higher equity returns (around 10-11%), but for private companies they target well over 20% IRR, emphasizing compensation for risk and the need for a view on the risk-reward balance.
Why T. Rowe Price’s Iona Dent believes it’s not time to leave the equities party yet
Q: What is your take on EM opportunities in a global growth context?
EM isn't homogeneous; some areas benefit from AI winners (Taiwan, Korea) while others face headwinds (certain labor-driven economies). Governance and macro factors like global liquidity and the dollar are crucial in EM exposures.
Why T. Rowe Price’s Iona Dent believes it’s not time to leave the equities party yet
Q: How are you thinking about AI capex and the potential inflationary effects in the near term?
AI capex is exploding and is likely inflationary in the near term due to demand for power, memory, and data center capacity, but long-term productivity gains from AI are expected to reduce the inflation impact as supply and efficiencies improve.
Why T. Rowe Price’s Iona Dent believes it’s not time to leave the equities party yet
Q: What signals indicate we're in a late-cycle bubble but not necessarily heading for a crash?
The combination of froth in a few high-beta pockets, narrow leadership driven by a small group of tech names, and the need to stay disciplined with exit frameworks while watching five core indicators (rates, leverage, earnings, underlying tech, and geopolitics) suggests a measured approach rather than panic.
Hofflin: Big moves are creating great value on the ASX
Q: Could I get you to share a big win or a big loss from your career? What happened and what was the lesson?
Whitehaven Coal is a standout winner; buying at a trough when sentiment was extremely negative, staying disciplined through a difficult period, and then selling after a multi-fold gain. The lesson is to avoid letting emotions drive decisions and to rely on numbers and valuation discipline.

Audience Metrics

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

Listeners per Episode
Gender Skew
Location
Interests
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Age Range
Household Income
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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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How many listeners does The Rules of Investing get?

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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. Iona Dent
2. Dr. Philipp Hofflin
3. Vihari Ross
4. Seb Mullins
5. Lauren De Zilva
6. Hedley Widdup
7. Samantha Wong
8. Ken Wong

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