MoneyWeek Talks

The great rotation and the return of the private investor

12 Mar 2021

Contributed by Lukas

Merryn and John look at what's happening in the markets as investors pull out of super expensive growth stocks and into less expensive value stocks; t...

Temple bar: a return to value

05 Mar 2021

Contributed by Lukas

Merryn talks to Nick Purves and Ian Lance of the Temple Bar Investment Trust about the shift in the investment landscape and the value available in UK...

Dr Paul Jourdan: strategic metals, the commodities supercycle and the electrified future

26 Feb 2021

Contributed by Lukas

John Stepek talks to Dr Paul Jourdan, CEO of Amati Global Investors, about investing in the metals needed for the post-oil electrified world, the impo...

Hamish Baillie: successful investing in a post-pandemic world

19 Feb 2021

Contributed by Lukas

Merryn talks to Ruffer's Hamish Baillie about why traditional investment portfolios may no longer work in a post-Covid landscape, and why in this new ...

Duncan Lamont: finding the bright spots in overvalued markets

12 Feb 2021

Contributed by Lukas

Merryn talks to Duncan Lamont, head of analytics and research at Schroders, about global markets’ crazy valuations and why now might be the time for...

Raoul Pal: why I sold all my gold and bought bitcoin

05 Feb 2021

Contributed by Lukas

Merryn talks to Raoul Pal, CEO of Global Macro Investor and Real Vision Group about the terrifying levels of risk in the markets right now, and why th...

Ned Naylor-Leyland: “Disinvesting” with gold, and why silver is the original decentralised, disruptive money

29 Jan 2021

Contributed by Lukas

Merryn talks to Jupiter’s Ned Naylor-Leyland about gold as a way of genuinely diversifying your portfolio; why bitcoin could eventually return to be...

Let's talk about bubbles

22 Jan 2021

Contributed by Lukas

Merryn and John talk about the many obvious signs of a bubble in certain assets, including tech stocks, TikTok, and stock-trading 12-year olds. It's c...

Bitcoin special: what all the fuss is about, and why you should buy some

15 Jan 2021

Contributed by Lukas

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe...

Bitcoin mania, inflation, and the idea of a great global reset

08 Jan 2021

Contributed by Lukas

Merryn and John talk about the US market's epic bubble, Tesla's nutty valuation and how bitcoin mania has taken over the world – is it really g...

Russell Napier on debt, financial repression, and the coming of inflation

21 Dec 2020

Contributed by Lukas

Merryn talks to MoneyWeek's favourite macro-analyst Russell Napier on how the phenomenal levels of public and private debt will inevitably lead to inf...

A look back on a peculiar year and ahead to the recovery – and what to buy for 2021

17 Dec 2020

Contributed by Lukas

Merryn talks to John talk about how the last nine months have affected the economy and the markets, and to to two entrepreneurs – Tommy Crooks of t...

Julian Jessop: V is for vaccine – and the shape of our economic recovery

09 Dec 2020

Contributed by Lukas

Merryn talks to independent economist Julian Jessop about how the vaccine should restart the stalled economic recovery as both consumers and businesse...

Barry Norris: why I'm shorting vaccine-makers

03 Dec 2020

Contributed by Lukas

The news of Covid vaccines has delighted many. But not Argonaut Capital's Barry Norris. He tells Merryn why vaccines aren't the panacea people think t...

Stephen Yiu: in a low quality market, buy only the best stocks – and don't over diversify

02 Dec 2020

Contributed by Lukas

Merryn talks to Stephen Yiu of the Blue Whale Growth Fund about his investment approach and the sectors he likes, plus why you should stick with top q...

Jonathan Allum on why Japan is both different and the same

27 Nov 2020

Contributed by Lukas

Merryn talks to Japan expert Jonathan Allum who explains why many people's ideas of Japan are misguided, and why if you're looking to profit from a po...

Peter Tasker on Japan's extraordinary resilience, and why you should invest

19 Nov 2020

Contributed by Lukas

Merryn talks to Peter Tasker of Arcus, a specialist Japanese equity investment firm, about the extraordinary resilience of Japanese companies, how the...

Alex Wright: UK markets are full of opportunities

11 Nov 2020

Contributed by Lukas

There are huge opportunities right now in UK stocks, says Fidelity's Alex Wright. Here, he talks to Merryn about value vs growth, the prospect of a va...

US election special with Jim Patterson of Kiplinger

06 Nov 2020

Contributed by Lukas

Jim Patterson, managing editor of the Kiplinger Letter, our sister publication in the US, joins John to talk about the US election – its effect on ...

Alain Caffort: why you should invest in family-run companies

05 Nov 2020

Contributed by Lukas

Alain Caffort of the Pictet Family Fund explains the attractions of family-owned businesses, runs through some of his favourite companies, and picks o...

How the Law Debenture Corporation's unusual structure gives it an edge

27 Oct 2020

Contributed by Lukas

Merryn talks to Dennis Jackson and James Henderson of the Law Debenture Corporation about what makes the trust unique, the regulatory tailwinds it can...

Shaniel Ramjee: tech stocks, China and Japan – where to find the best returns

20 Oct 2020

Contributed by Lukas

Merryn talks to Shaniel Ramjee of Pictet Asset Management about where to find the best returns in global markets right now – the continued growth o...

Negative interest rates, armed guards and a warehouse full of cash

15 Oct 2020

Contributed by Lukas

Merryn and John discuss the extraordinary idea of negative interest rates and explain why as far as they can see they just don't work. Plus, a genius ...

Lockdowns, layoffs and public-sector pensions

09 Oct 2020

Contributed by Lukas

Merryn and John discuss the effects of lockdowns on the economy, particularly on the private sector where already financially fragile workers are laid...

Covid-19 and the accelerating revolution in healthcare

01 Oct 2020

Contributed by Lukas

Merryn talks to Dr Paul Jordan, Anna Macdonald, and Dr Gareth Blades of Amati Global investors about some of their favourite small UK companies - incl...

Dale Nicholls: why you should invest in China

24 Sep 2020

Contributed by Lukas

Merryn talks to Fidelity's Dale Nicholls about investing in Chinese companies - the sectors he likes, the themes he's following, and why Chinese equit...

James Ferguson: How bad data is driving fear of a second wave of Covid-19

17 Sep 2020

Contributed by Lukas

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.

Mark Slater: why UK stocks are so unpopular right now

11 Sep 2020

Contributed by Lukas

Merryn talks to Mark Slater of the Slater Growth fund about why investors have abandoned the UK – and why they are wrong to have done so. Plus, he p...

It's all gone V-shaped

04 Sep 2020

Contributed by Lukas

A brief summary of this episode

George Magnus: financial repression and inflation – the only way out

28 Aug 2020

Contributed by Lukas

There are very few ways to get out of the debt hole we have dug, economist and author George Magnus tells Merryn, and inflation is one of the most lik...

Helen Thomas: how Covid and the “velocity of people” will shape our economic future

19 Aug 2020

Contributed by Lukas

John talks to Helen Thomas of Blonde Money about how the economy is shifting to the new, post-Covid reality – and how our children will pay for...

House prices, staycations, and the death of cash

12 Aug 2020

Contributed by Lukas

John and Merryn talk about the rise in UK house prices and the fact that everybody is holidaying in the UK, plus gold's new highs, the death of cash, ...

How to age well and profit from the “longevity dividend”

06 Aug 2020

Contributed by Lukas

Merryn talks to economist and author Andrew J Scott and discusses how we can profit from the "longevity dividend" as we live longer; why we need ...

Gold bugs' dreams are coming true – but we could still see a V-shaped recovery

30 Jul 2020

Contributed by Lukas

John and Merryn talk about how it's perfectly reasonable to expect a V-shaped recovery and to continue holding gold as well. Plus, inflation, staycati...

Inflation, MMT and the folly of a centrally planned economy

15 Jul 2020

Contributed by Lukas

Merryn and John talk about the chancellor's stamp duty holiday and wealth taxes in general; the trouble with modern monetary theory and economies plan...

Laura Foll: small companies, income, and the power of equity markets

01 Jul 2020

Contributed by Lukas

Merryn talks to fund manager Laura Foll about value, income yields and the UK market's underperformance, plus the benefits of smaller companies and th...

Nick Greenwood: the benefits of investment trusts, and some of my favourites

25 Jun 2020

Contributed by Lukas

Merryn talks to Nick Greenwood of Premier Miton Investors, who runs a couple of funds that invest in investment trusts. Nick talks about the advantage...

Merryn and John on markets, pent-up demand, and a V-shaped recovery

17 Jun 2020

Contributed by Lukas

This week, Merryn and John talk about how most markets (bar two) are overpriced; how, with people desperate to return to normality, a V-shaped recover...

Hugh Hendry: fire Jerome Powell and let the Fed go properly nuts

08 Jun 2020

Contributed by Lukas

Merryn talks to analyst and ex hedge fund manager Hugh Hendry, who explains why 2020 is very like 2002; why gold is the adult equivalent of Disneyland...

Mervyn King: why the Covid pandemic is a classic example of radical uncertainty

02 Jun 2020

Contributed by Lukas

This week, Merryn talks to ex-governor of the Bank of England Merryn King about the pandemic and how to prepare for a future that is unknowable; the g...

James Ferguson: the virus, the lockdown, and what comes next

28 May 2020

Contributed by Lukas

Merryn talks to MoneyWeek regular James Ferguson of Macrostrategy Partnership about what's happened so far with the virus; whether the lockdown was th...

MoneyWeek 1,000 – a look back over the last 20 years

22 May 2020

Contributed by Lukas

Merryn and John look back over the first 1,000 issues of MoneyWeek magazine, rounding up what we got right over the last couple of decade, what we got...

Bernard Connolly: how are we going to pay for all this?

12 May 2020

Contributed by Lukas

Merryn talks to economist Bernard Connolly about the huge – and necessary – sums being spent supporting the economy through the coronavirus cris...

Andrew Milligan: your advantage over professional investors

07 May 2020

Contributed by Lukas

Merryn talks to Andrew Milligan, until recently chief investment strategist of Aberdeen Standard Investments, about the state of the markets now and t...

Central bankers just want to be loved

29 Apr 2020

Contributed by Lukas

Merryn and John look at the state of the world as it is now – are we doing too much in terms of stimulus? Should central banks buy equities? And wha...

Luciano Diana: ESG investing and a welcome dose of optimism amid the gloom

28 Apr 2020

Contributed by Lukas

Pictet's Luciano Diana talks about ESG investing, climate change and the challenges of Covid-19 and how, while things are tough in the short term, the...

Alexander Chartres: the end of a benign era

22 Apr 2020

Contributed by Lukas

We've been living in an extraordinarily stable and benign era. But stability breeds instability, says Ruffer's Alexander Chartres. Here, he talks to M...

Steve Keen: a modern debt jubilee is vital to keep the global economy alive

16 Apr 2020

Contributed by Lukas

In a fascinating chat, Merryn talks to economist thinker and author Professor Steve Keen, who says we must put the financial system on "life support" ...

Gillian Tett: life after lockdown and how the world will change

14 Apr 2020

Contributed by Lukas

Merryn talks to the FT's Gillian Tett on life in lockdown in New York; debt and the spectre of financial repression; and how the world might look afte...

Brian Pellegrini: this crisis may not turn out as badly as everyone thinks

08 Apr 2020

Contributed by Lukas

Merryn talks to economic analyst Brian Pellegrini. The psychological importance of the Covid-19 crisis s is huge, he says. But its economic importance...

Russell Napier: how much debt is too much?

03 Apr 2020

Contributed by Lukas

Merryn talks to financial strategist and author Russell Napier about the global economy's huge levels of debt, the governmental response to the corona...

Edward Chancellor: governments’ reaction to the virus will come back to haunt us

31 Mar 2020

Contributed by Lukas

Merryn Somerset Webb talks to financial historian, investment strategist and author Edward Chancellor, and asks: are we doing the right thing, is it g...

Your questions answered

30 Mar 2020

Contributed by Lukas

Merryn and John tackle some of the questions sent in by readers - including what they expect to happen to house prices; how much are dividends likely ...

Charles Heenan: dominoes are falling – be very careful

26 Mar 2020

Contributed by Lukas

Merryn talks to Charles Heenan, investment director of Kennox Asset Management. Assets are cheap, he says, but you need to be very, very careful about...

Bright spots amid the gloom

24 Mar 2020

Contributed by Lukas

Merryn and John, in a downbeat mood after a bad week, talk about the authorities' response to the coronavirus; the panic in the bond market; and look ...

The end of capitalism?

18 Mar 2020

Contributed by Lukas

John and Merryn talk about the – hopefully temporary – suspension of capitalism as government stimulus takes off in a big way. Plus, how this cri...

The bubble meets its pin

10 Mar 2020

Contributed by Lukas

Merryn and John talk about the market crash in the face of the double whammy of the coronavirus and the collapse of the oil price; the inevitable wave...

Dominic Frisby on tax

20 Feb 2020

Contributed by Lukas

John talks to comedian, author and pop sensation Dominic Frisby about his new book on tax.

Russell Napier at the MoneyWeek Wealth Summit

14 Feb 2020

Contributed by Lukas

The MoneyWeek Podcast returns with another of our speakers from the MoneyWeek Wealth Summit held in November 2019. It's Russell Napier, one of our fav...

Jim Mellon at the MoneyWeek Wealth Summit

30 Dec 2019

Contributed by Lukas

Entrepreneur and investor Jim Mellon outlines the two themes that he thinks could be among the biggest investment stories of the 2020s, taken from his...

A reaction to the general election result

13 Dec 2019

Contributed by Lukas

Merryn and John reflect on an election result that has at last brought some resolution to the interminable Brexit saga and demonstrated that Britain i...

Politicians on a spending spree, and why is Japan so cheap?

08 Nov 2019

Contributed by Lukas

Merryn and John talk about the prospect of a big post-election spending splurge. whoever ends up in Number Ten; how Japan ended up so cheap, but remai...

Patient Capital

25 Oct 2019

Contributed by Lukas

Merryn and John talk about the Woodford – now Schroders – Patient Capital Trust and whether it is yet investment-worthy; the concept of the total...

The Butcher, the Brewer, the Baker... and the Commentator - Episode 4

17 Oct 2019

Contributed by Lukas

In the fourth episode of her Edinburgh Festival show, Merryn talks about Adam Smith, economics and sustainable capitalism with author and fund manager...

The Butcher, the Brewer, the Baker... and the Commentator - Episode 3

09 Oct 2019

Contributed by Lukas

In her third podcast from the Edinburgh Festival , Merryn talks to John Stepek; Anne Richards, CEO of Fidelity International; and economist and journa...

The Butcher, the Brewer, the Baker... and the Commentator - Episode 2

24 Sep 2019

Contributed by Lukas

In the second podcast from her sell out Edinburgh show, Merryn talks to investor and guru Jim Mellon; author, comedian and statistician Timandra Harkn...

The Butcher, the Brewer, the Baker... and the Commentator - Episode 1

20 Sep 2019

Contributed by Lukas

A performance from Merryn's sell-out Edinburgh show, with guests Willie Watt, Anna Macdonald and Simon Evans. Topics include – was Adam Smith a left...

Draghi's last gasp, WeWork, and the curious case of the high-yielding oil stocks

19 Sep 2019

Contributed by Lukas

Merryn and John talk about the ECB's latest bout of money-printing; bond yields; WeWork's cancelled listing; private equity euphoria and the shrinking...

Negative interest rates, a global cryptocurrency and people's QE

30 Aug 2019

Contributed by Lukas

This week, Merryn and John reckon we should forget Trump, Brexit and all the other things that have been generating so much social media hysteria. The...

Boris, Brexit and Anti-bubbles

25 Jul 2019

Contributed by Lukas

Merryn and John talk about Boris Johnson; his options for Brexit and whether a fudgy face-saving deal is better or worse than no deal; and what the en...

Peer-to-peer lending and why there is nothing new in finance

19 Jul 2019

Contributed by Lukas

Merryn and John talk about ultra-low yields; peer-to-peer lending and why there is nothing new in finance; and the good news about the slow downward d...

Currency wars, inflation, and Neil Woodford

04 Jul 2019

Contributed by Lukas

Merryn and John talk about currency wars; central-bank dovishness and the consequences for the markets of ultra-low interest rates; more on Poor Neil ...

The gold bull market and a debt jubilee

28 Jun 2019

Contributed by Lukas

Merryn and John ask if this really is the start of a new bull market for gold, and whether we should have a student debt jubilee – or perhaps even a...

Facebook's new cryptocurrency and the sale of Sotheby's

19 Jun 2019

Contributed by Lukas

John and Merryn talk about Facebook's new cryptocurrency, Libra, and whether it will be as transformative as its founders hope; the sale of Sotheby's ...

Poor Neil Woodford

06 Jun 2019

Contributed by Lukas

This week, John and Merryn talk - inevitably - about the fallout for investors and the wider wealth management industry from "poor" Neil Woodford's sp...

Euro elections, bitcoin and trade tariffs

23 May 2019

Contributed by Lukas

John and Merryn talk about Brexit, the Tory leadership and the problem with sterling; why the world still isn't ready for bitcoin; why you really shou...

Merryn talks to India expert David Cornell

26 Apr 2019

Contributed by Lukas

Merryn talks to India expert David Cornell, manager of the India Capital Growth Fund, about what's going on in India – currently in the midst of a ...

Agritech and a stockmarket meltup

24 Apr 2019

Contributed by Lukas

Merryn and John talk about the revolution in the agriculture industry – one of the most interesting sectors around at the moment; plus, should you ...

The trouble with the Customs Union

03 Apr 2019

Contributed by Lukas

Merryn and John talk about the EU customs union and why remaining in it is such a bad idea – and discuss some of the EU's other bad ideas, including...

Merryn talks to Russell Napier

25 Mar 2019

Contributed by Lukas

Merryn talks to strategist Russell Napier about China and the US; the best and worst of the world's currencies; democracy, sovereignty and the EU; and...

Merryn talks to Alasdair McKinnon about gold

05 Mar 2019

Contributed by Lukas

This week, Merryn and John talk about gold, with special guest Alasdair McKinnon, manager of the Scottish Investment Trust, who explains why he's buyi...

Merryn talks to Bernard Connolly

20 Feb 2019

Contributed by Lukas

Merryn Somerset Webb talks to economist and author Bernard Connolly about how the EU is a protectionist superstate with its roots in the economic rela...

The trouble with modern monetary theory (MMT)

15 Feb 2019

Contributed by Lukas

In a rare solo podcast, John Stepek talks about the problems with modern monetary theory (MMT; sometimes called the "magic money tree") – a way for...

Merryn talks to Anand Giridharadas

04 Feb 2019

Contributed by Lukas

Merryn talks to best-selling author Anand Girihadas about how the global plutocratic elite has broken the modern world and how economies are rigged to...

Merryn meets Bruce Stout

31 Jan 2019

Contributed by Lukas

Merryn talks to Bruce Stout, manager of the Murray International Trust, about his fund, how he sees the world, and what he expects from the next few y...

Stockmarket sentiment and doom-mongers

23 Jan 2019

Contributed by Lukas

John and Merryn talk stockmarket sentiment, profit warnings, and whether all the doom-mongers have it wrong on UK stocks; why many assets are on reaso...

No such thing as passive investing

15 Jan 2019

Contributed by Lukas

In a Brexit-free edition of the MoneyWeek podcast, Merryn and John discuss why there's no such thing as passive investing (and why active fund managem...

Charities, charitable giving and Gift Aid

20 Dec 2018

Contributed by Lukas

In MoneyWeek's Christmas podcast, John and Merryn talk about the benefits of charities and charitable giving – and the very good reasons for abolish...

Brexit: what happens now?

17 Dec 2018

Contributed by Lukas

In the latest MoneyWeek podcast, Merryn and John talk about Brexit – what happens now, the odds of no deal, a second referendum – and what you ca...

Merryn meets Jonathan Tepper

11 Dec 2018

Contributed by Lukas

Merryn talks to investor and author Jonathan Tepper, whose book – The Myth of Capitalism: Monopolies and the Death of Competition – attempts to ex...

Theresa May's Brexit deal and the inverted yield curve

06 Dec 2018

Contributed by Lukas

Merryn and John continue their discussion on Theresa May's Brexit deal; plus, an explanation of the inverted yield curve (and why it's so important); ...

EFTA, EEA, "Norway Plus" or no deal?

30 Nov 2018

Contributed by Lukas

John and Merryn discuss Theresa May's Brexit deal; what might happen next; the chances of an EFTA, EEA or "Norway Plus" deal; and what happens if we e...

Merryn talks to Paul Hodges about the state of the global economy

15 Nov 2018

Contributed by Lukas

In a bonus edition of the MoneyWeek Podcast, Merryn and economist Paul Hodges have a wide-ranging chat about the state of the global economy and the k...

Why globalisation is a force for good

15 Nov 2018

Contributed by Lukas

In this week's podcast, Merryn and John talk about why globalisation is a force for good (but is by no means an unstoppable force); plus the arguments...

The crazy deal that could mark the top of the market

07 Nov 2018

Contributed by Lukas

John and Merryn look at the crazy deal that could mark the top of the market and how to adjust your portfolio – making some very bold and specific p...

Jordan Peterson and the nature of truth

31 Oct 2018

Contributed by Lukas

Merryn and John discuss Jordan Peterson and the nature of truth; muse over the state of politics today; and pick some of the best bits out of Philip H...

What next week's Budget could hold

24 Oct 2018

Contributed by Lukas

MoneyWeek's editor-in-chief, Merryn Somerset Webb, looks ahead to the Budget next week, and asks what exactly might Chancellor Philip Hammond have in ...

What art can tell us about the wider markets

10 Oct 2018

Contributed by Lukas

Merryn and John marvel at how out of touch the political classes are; Italy's debt, the state of the bond markets and a canny bet on the future of the...

How wage inflation (and real inflation) is coming to an economy near you

04 Oct 2018

Contributed by Lukas

Merryn and John talk about Amazon's wage increase, the real reasons behind it and how wage inflation – and real inflation – is coming to an econo...

The excitement in the gold market

26 Sep 2018

Contributed by Lukas

This week, Merryn and John talk about the excitement in the gold market, as Barrick and Randgold merge, how central banks are behind the curve on infl...