The Rules of Investing
Episodes
“Less than halfway through the gold story”, L1 Capital launches high-performing strategy via new LIC
18 Mar 2026
Contributed by Lukas
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 f...
The decisions Dion Hershan is making now that could set up portfolios for a decade
17 Mar 2026
Contributed by Lukas
Periods of intense uncertainty test even the most seasoned investors. Today, markets face several competing forces: artificial intelligence reshaping ...
The ‘unloved’ stocks fuelling a 30% year in L1 Capital’s Catalyst Fund
15 Mar 2026
Contributed by Lukas
For much of the past year, investors have been focused on growth stocks and AI winners. But some of the strongest returns have come from stocks the ma...
Returns today, risk tomorrow. The next shakeout will show who got lending right
11 Mar 2026
Contributed by Lukas
Private lending has expanded rapidly over the past decade as banks pulled back from parts of the corporate market. The result has been a surge of capi...
Why this global manager backed L1 with $50m
03 Mar 2026
Contributed by Lukas
Equity markets are in the middle of what Greg Dean calls “the world’s most uncomfortable rotation." In this episode, the founder of Langdon Equity...
Pay attention to insider buying as the dust settles on wild reporting season
27 Feb 2026
Contributed by Lukas
More than 70 companies reported this week and while the ASX 200 continues to push record highs, stock reactions remain ruthless. In this episode, Ben ...
Bids, beats and bumper dividends. Reporting season takes a positive turn
20 Feb 2026
Contributed by Lukas
With reporting season taking a positive turn, Chris Conway speaks with James Gerrish of Market Partners to get his hot take on a big week of reportin...
Is this week's reporting season carnage a sign of things to come?
13 Feb 2026
Contributed by Lukas
The first big week of reporting season was full of fireworks with some wild swings in some of the biggest companies on the ASX. Livewire's Chris Conwa...
Simon Doyle on choosing the best assets for protecting portfolios from inflation
30 Jan 2026
Contributed by Lukas
Inflation is back at the centre of investor concerns. In this episode of The Rules of Investing, James Marlay is joined by outgoing Schroders CEO and ...
How to invest $1 million in 2026
05 Jan 2026
Contributed by Lukas
Markets delivered another strong year in 2025, extending an exceptional run for equities. The S&P 500 returned around 22.8% per annum over the pas...
VanEck and Global X go head-to-head to build the ultimate ETF portfolio for 2026
21 Dec 2025
Contributed by Lukas
Vishal Teckchandani asked two of Australia's leading ETF providers to put together a starting lineup of 11 ETFs built to win next year. Our two t...
4 property market hotspots and 2 big ideas to fix affordability
15 Dec 2025
Contributed by Lukas
Property experts Nerida Conisbee and Kiril Ruvinsky unpack what is driving the market and share their bold predictions for 2026.
Closing out 2025 and dropping a few bonus episodes along the way
11 Dec 2025
Contributed by Lukas
The Rules of Investing has wrapped for 2025. Thanks for tuning in; we’ve loved bringing you the conversations and insights that shaped markets this ...
Michael O'Neill's 5 key ASX dividend picks and the outlook for income in 2026
05 Dec 2025
Contributed by Lukas
The ASX’s headline yield has slipped, but dividend income is still on offer if investors know where to look. In this episode of The Rules of Investi...
The playbook behind Plato’s 25 percent returns
21 Nov 2025
Contributed by Lukas
Dr David Allen from Plato Investment Management joins the show to unpack the systematic engine behind his fund’s 25 percent annual returns, how red ...
Chris Prunty: The 4 small caps heading for ‘Hall of Fame’ status
07 Nov 2025
Contributed by Lukas
QVG Capital’s Chris Prunty joins the Rules of Investing to unpack what makes the great companies great. He shares the three traits found in Australi...
The property assets still trading at a discount as investors chase growth
03 Nov 2025
Contributed by Lukas
Property moves in cycles, but real value lies in assets you can’t replace. Quay Global Investors’ Chris Bedingfield joins The Rules of Investing t...
The five-year test: Lev Margolin’s four-step process for finding structural winners
29 Oct 2025
Contributed by Lukas
It’s hard to know what markets will do next week, let alone next year. But what if you could identify companies that will be in a stronger position ...
Inside the Soul Patts compounding machine
24 Oct 2025
Contributed by Lukas
Soul Patts CEO Todd Barlow joins The Rules of Investing to unpack the firm’s merger with Brickworks, why he’s buying at cyclical lows, and how he’...
Magellan's value picks as sentiment soars
17 Oct 2025
Contributed by Lukas
Markets are on fire and bubble talk is everywhere. So how should investors respond? In this episode, Magellan’s Arvid Streimann breaks down how to k...
Matthew Kidman: The two best times to make money in markets are coming
13 Oct 2025
Contributed by Lukas
In this episode of The Rules of Investing, Centennial’s Matthew Kidman shares his playbook for the late stage of a structural bull market. He explai...
Warryn Robertson: The secret to owning the world’s best assets
10 Oct 2025
Contributed by Lukas
Warryn Robertson has spent two decades investing in the assets that keep the world running — from toll roads to transmission lines and satellites. I...
A look inside the portfolios of Australia's leading investors - Livewire Live Mini-Series
02 Oct 2025
Contributed by Lukas
Two of Australia’s most respected investment firms share how they are positioning for tomorrow. Learn where they see opportunity and how their strat...
10 years from now, these are the companies everyone will wish they owned - Livewire Live Mini-Series
01 Oct 2025
Contributed by Lukas
From gaming stock to global giant, Nvidia shows how fast the future can arrive. Global stock pickers Josh Cummings, Qiao Ma and Dr David Allen share w...
High conviction: What we’re backing for the long term - Livewire Live Mini-Series
30 Sep 2025
Contributed by Lukas
Banks and miners dominate the ASX, but the opportunity doesn’t end there. At Livewire Live 2025, L1 Capital’s Mark Landau and Allan Gray’s Simon...
Viktor Shvets: How to embrace the chaos clouding markets - Livewire Live Mini-Series
29 Sep 2025
Contributed by Lukas
If you’re still betting on bear markets or mean reversion to drag asset prices back to earth, you’re living in a bygone era. That’s the message ...
Chris Joye's big contrarian call
23 Sep 2025
Contributed by Lukas
Christopher Joye is making a bold call on the US. He believes Trump’s policies will deliver exceptionally strong growth, fuelled by tariffs, tax cut...
Anna Milne: 4 steady performers, 2 fallen angels and the 'must-own' commodity right now
11 Sep 2025
Contributed by Lukas
Large caps are often seen as the steady corner of the market, but recent months have reminded us they’re anything but boring. On this episode of The...
Chris Stott: Why small caps are firing and 5 'Reporting Season Awards'
02 Sep 2025
Contributed by Lukas
August reporting season was a rollercoaster but it didn't stop the momentum that has been pushing the ASX higher in 2025. There were shock sell-offs...
Lessons from the ‘dark side’ of credit
18 Aug 2025
Contributed by Lukas
MA Financial has built its reputation in the toughest corner of the corporate world, restructures. In the years after the GFC, it advised on some of A...
Rudi: It’s not a bubble, AI’s next winners, and what investors are overlooking
05 Aug 2025
Contributed by Lukas
Investing feels easier when markets are messy. When volatility spikes and fear takes hold, putting fresh capital to work can feel rational, even oppor...
Life changing technology meets a structural growth industry
18 Jul 2025
Contributed by Lukas
Step back for a moment and think about how technology has changed your life over the past two decades. What springs to mind? Smartphones, on-demand st...
From cold call to capital giant: The Metrics story in Lockhart’s words
04 Jul 2025
Contributed by Lukas
For all the scrutiny on private credit of late, one thing remains clear – there remains an insatiable demand for it from investors. Case in point, t...
Equities up, bonds behaving but what is the US dollar telling investors?
26 Jun 2025
Contributed by Lukas
Markets are forward looking and are one of the strongest indicators of what lies ahead for global economies. This dynamic reflects the thinking of mil...
Mark Mobius: Change is coming and most companies are not prepared
15 Jun 2025
Contributed by Lukas
“People are getting too short term. They’re getting panicked by the developments taking place on tariffs and so forth... they don’t realise it’...
Vimal Gor on the future of bonds, currencies, and why he thinks shares can rally
06 Jun 2025
Contributed by Lukas
Ellerston Capital’s fixed-income and multi-asset strategist Vimal Gor says the radical Trump presidency means the US Federal Reserve will be forced ...
Investors had a decade to buy Amazon. Is it Spotify’s turn now?
03 Jun 2025
Contributed by Lukas
Amazon spent over a decade as a misunderstood stock - volatile, unprofitable, and often written off. But for those who looked past the noise, it becam...
Marcus Padley reveals the secret sauce of timing markets
30 May 2025
Contributed by Lukas
In this special episode of The Rules of Investing, veteran stockbroker and Marcus Today founder Marcus Padley joins Livewire’s James Marlay for a w...
Andrew Mitchell: The market always wins
24 May 2025
Contributed by Lukas
Equity markets have bounced, but Andrew Mitchell from Ophir says the road ahead is tricky. Higher bond yields and policy risks point to slower growth....
Meet David - He’s taking on Australia’s ETF Goliaths (with just 10 stocks and a bold plan)
09 May 2025
Contributed by Lukas
Australia’s ETF industry is booming - up $53 billion in the past year alone - and a new player is stepping into the ring. David Tuckwell, son of ETF...
Tough medicine: Trump 2.0 is a structural break for economies and markets
16 Apr 2025
Contributed by Lukas
Investors hoping for a swift ‘V-shaped’ recovery from the recent market sell-off are likely to be disappointed. Instead, they face a slow, grindin...
“We’re buying”: Emma Fisher spots a rare chance to upgrade the portfolio
11 Apr 2025
Contributed by Lukas
“Are you okay?” That was the question Emma Fisher got from her mum after the ASX plunged more than 6% in a single day. For Fisher, it was a soft s...
The world is complex. Beyond the headlines is where the real opportunities lie
28 Mar 2025
Contributed by Lukas
No matter how long you’ve been in markets, we’re all guilty, at one point or another, of operating at a headline level. When markets are moving vi...
Jun Bei Liu: 2 stocks for the bottom drawer and how to play the only realistic scenarios left for 2025
14 Mar 2025
Contributed by Lukas
At the start of 2025, there were three big-picture scenarios facing investors: a hard landing, a soft landing, or no landing at all. Just two of those...
Steve Johnson: Two small caps on a run and the uncovered gems that could be next
28 Feb 2025
Contributed by Lukas
The allure of small-cap investing is undeniable. The chance to find an overlooked gem that can skyrocket is real, but the risks are just as high. Illi...
Cuts are coming, equities are full, and Trump is being underestimated by everyone
14 Feb 2025
Contributed by Lukas
From investing his paper route money in term deposits when he was nine years old, to racing the two kilometres from one end of Collins Street to the o...
Fight the FOMO with 4 stocks the herd is overlooking
31 Jan 2025
Contributed by Lukas
Stock markets are off to a flying start for 2025. The S&P ASX 200 is up nearly 5%, with gold, banks and technology companies continuing their bull...
How to invest $1 million in 2025
09 Jan 2025
Contributed by Lukas
The past few years have been kind to investors. A glance over 2024 asset class returns suggests that most Australian investors have been sitting on he...
Top-rated adviser Paul Burgon reveals his 10 principles for investing in 2025 and beyond
13 Dec 2024
Contributed by Lukas
If you’re feeling upbeat about markets as we head into 2025, you’re not alone. 41% of investors that participated in Livewire’s Outlook Series S...
Australian house prices have soared 17x since 1981. Where will they go in 2025?
21 Nov 2024
Contributed by Lukas
The Australian property market is incredibly nuanced. Markets like Brisbane, Adelaide, and Perth are soaring by double digits while the markets of Syd...
Brigette Leckie: Investing is like a patchwork quilt
08 Nov 2024
Contributed by Lukas
Koda Capital is one of Australia's elite wealth management firms, charged with allocating over $11.5 billion of capital on behalf of high-net-worth in...
The straightforward approach to picking ASX growth stocks (and 7 examples for good measure)
25 Oct 2024
Contributed by Lukas
For those who love equities, you’re in for a treat with the latest Rules of Investing podcast. This week's episode features First Sentier Investors’...
Meet Armina Rosenberg: Mike Cannon-Brookes' former PM harnessing AI to outperform the market
11 Oct 2024
Contributed by Lukas
In a world where artificial intelligence dominates headlines, few fund managers have harnessed it as boldly as Armina Rosenberg. For those who don't k...
Bringing it all together: How to set up your portfolio for success - Livewire Live Mini-Series
09 Oct 2024
Contributed by Lukas
Today, we’ll be bringing all the insights from Livewire Live together with the help of one of Australia's leading financial advisers and one of the ...
The good, the bad, and the ugly - Livewire Live Mini-Series
08 Oct 2024
Contributed by Lukas
Today, you’ll be learning about the good, the bad and the ugly of equities markets - with the help of: Dr David Allen, Head of Long/Short Strategies...
5 Shocking Predictions for 2025 - Livewire Live Mini-Series
07 Oct 2024
Contributed by Lukas
Many of the best investing opportunities emerge when you think differently from the herd. This session will feature five high energy predictions that ...
Unlocking portfolio potential: Lessons from Soul Patts’ disciplined strategy - Livewire Live Mini-Series
06 Oct 2024
Contributed by Lukas
In this session you’ll be hearing a fireside chat with Todd Barlow the CEO of Soul Patts, Australia’s oldest listed company. Soul Patts is a diver...
How big is the AI pie? Who wins and who get crushed? - Livewire Live Mini-Series
05 Oct 2024
Contributed by Lukas
Artificial Intelligence is surely the hottest topic right now powering returns in stock markets and capturing our attention with its promise of produc...
5 seismic shifts happening right now and how to take advantage of them - Livewire Live Mini-Series
04 Oct 2024
Contributed by Lukas
In this episode, you’ll be hearing a panel exploring a number of big topics dominating conversations around markets right now. From the changing mac...
In Conversation with Apollo Global Management's Scott Kleinman - Livewire Live Mini-Series
04 Oct 2024
Contributed by Lukas
In this episode, you’ll hear from Scott Kleinman, the co-president of Apollo Global Management, as he sits down with Livewire’s James Marlay. Klei...
Inside Macquarie's unique approach to consistent alpha
27 Sep 2024
Contributed by Lukas
Behavioural economics explains why we make such stupid decisions with our money. Unfortunately, the study has found that behavioural biases are very h...
The secret to finding stocks you can hold for 20+ years
13 Sep 2024
Contributed by Lukas
While Warren Buffett's favourite holding time may be forever, the average holding period for a typical investor is now just 5.5 months. In a...
Australia has all the ingredients to become a superpower in this space
06 Sep 2024
Contributed by Lukas
Nowadays, it’s quite easy to get swept up in the negativity around our economic plight. Living costs are a very real concern, as are increasingly un...
What happened to that recession we were promised?
30 Aug 2024
Contributed by Lukas
In 1990, then-Treasurer Paul Keating famously said that the country's economic downturn was the “recession that Australia had to have.” Al...
Why AI will have a bigger impact on the world than the invention of electricity
16 Aug 2024
Contributed by Lukas
In this episode of The Rules of Investing, Livewire's Ally Selby learns about some of the companies that meet these criteria, why Rizzo believes AI wi...
Why trying to time small caps is a "big waste of time"
08 Aug 2024
Contributed by Lukas
Much has been made of the “Great Rotation” of late and the move away from highly concentrated large caps into small-cap equities, particularly in ...
How to dominate small caps like Roger Federer dominates tennis
02 Aug 2024
Contributed by Lukas
In tennis, just as in investing, it's the points that you win that matter. After all, Roger Federer played 1,526 singles matches throughout his career...
30-year property veteran: Australia has its head in the sand on housing
19 Jul 2024
Contributed by Lukas
There's no supply in residential housing nor the majority of segments of the commercial real estate market. Sky-high construction costs are now too pr...
3 compelling long-term ETF ideas for investors still on the sidelines
05 Jul 2024
Contributed by Lukas
Investors are too focused on interest rates and are subsequently underweight risk assets. That’s the, albeit US-centric, view from Global X ETFs’ ...
More please! Dr Don Hamson’s cure for the 'disappearing dividends' on the ASX
28 Jun 2024
Contributed by Lukas
Fully franked dividends are a prized asset of the Australian market. While the lack of growth is often lamented, plenty of self-funded retirees are co...
Recession a line ball as Australia groans under a massive debt load
14 Jun 2024
Contributed by Lukas
This time last year, PIMCO Portfolio Manager Adam Bowe told Livewire that there was a 50/50 chance that Australia would slip into recession. March GD...
Rudi: AI is the end of investing as we know it
31 May 2024
Contributed by Lukas
While "survival of the fittest" certainly applies to the Earth's abundance of flora and fauna, it may be time for investors to take a page ...
The investment secrets of Australia's billionaires
23 May 2024
Contributed by Lukas
There seems to be no stopping Australia's ultra-wealthy, with the number of billionaires down under growing by 14.4% over the past 12 months, to a rec...
700+ meetings each year: How WAM Global uncovers under-the-radar stocks
17 May 2024
Contributed by Lukas
In investing, just as in love, trust is everything - and without it, you really don't have anything at all. It's for this reason that the Wilson Ass...
Chris Stott’s 5 high conviction stock ideas for the new bull market
10 May 2024
Contributed by Lukas
Time flies when you’re having fun! While the last five years have had plenty of ups and downs, they haven’t dented the enthusiasm and passion of s...
Christopher Joye: No margin for error for risk junkies craving rate cuts
12 Apr 2024
Contributed by Lukas
The past six months have been golden for investors, with everything from equities to gold and even Bitcoin enjoying stellar runs. And if risk assets a...
Why Ben Clark is taking profits on growth stocks (and where he's putting that money to work)
11 Apr 2024
Contributed by Lukas
Quality growth stocks, those with fortress balance sheets, impressive moats, structural tailwinds and top-notch management teams, have had a stellar r...
The next 10 years in ETF growth could be dominated by this asset class
22 Mar 2024
Contributed by Lukas
If there is any one investment product that has experienced a true boom over the last 10 years, it is exchange-traded funds (ETFs) and exchange-traded...
Warryn Robertson’s guide to picking the best infrastructure stocks on the ASX and abroad
14 Mar 2024
Contributed by Lukas
Warryn Robertson, portfolio manager and analyst at Lazard Asset management, understands the nuances of infrastructure assets like few others in the ma...
The policy overhaul Shane Oliver would make to secure Australia's fortunes
01 Mar 2024
Contributed by Lukas
"Living Legend", "One of a kind", and "Diamond in the Rough are not terms usually bandied about when describing economists! But these are just a few o...
Where Soul Patts is investing for long term growth and dividends
16 Feb 2024
Contributed by Lukas
If you’re looking for the future blue chips of the ASX then Washington H Soul Pattinson might be worth a closer look. The company has been around fo...
How Hyperion unearths rare but exceptional growth companies (plus two that pass their filters)
02 Feb 2024
Contributed by Lukas
The structural forces that saw growth investing rise to the top after the GFC remain. Covid created a blip, but the world is returning to slow growth,...
How to invest $1 million in 2024
08 Jan 2024
Contributed by Lukas
Each year, Barron's releases a list of Australia's Top 100 Financial Advisers. Pitcher Partners' Charlie Viola and Lipman and Burgon Partners' Paul Bu...
The lead indicator for Dion Hershan’s best trades (and two high quality stocks for the ”slow grind” ahead)
20 Dec 2023
Contributed by Lukas
Two years ago, on a trip to Perth, Yarra Capita’s Dion Hershan was pitched the case for lithium stocks by his Uber driver. Hershan says it was a c...
Ben Griffiths’ small cap playbook as animal spirits awaken
14 Dec 2023
Contributed by Lukas
The penny has dropped and thanks to a three-letter word from the Federal Reserve's recent interest rate decision ("any"), small caps both in the US an...
2 killer growth stocks (and why culture is key to successful small caps)
17 Nov 2023
Contributed by Lukas
Culture is not something that immediately springs to mind when assessing a company and its prospects for the future. More often than not, we investors...
We are in the midst of a social, economic, financial and political crisis
10 Nov 2023
Contributed by Lukas
From geopolitics to fiscal policy, commodities to equities, this week's featured guest on The Rules of Investing has some high-conviction views on a w...
Invest in what you know, avoid what you don’t: Lessons from a Hall of Fame fund manager
27 Oct 2023
Contributed by Lukas
Despite all of his success, Morry Waked has remained relatively under the radar. He’s not one to boast of his achievements, and he’s very rarely f...
Emma Fisher: Why it pays to be bullish (and the most outstanding idea on the ASX today)
06 Oct 2023
Contributed by Lukas
The times when a company is dominating headlines (for all the wrong reasons) are the best time to buy. Take Medibank Private (ASX: MPL), for exampl...
Matthew Kidman: Get ready to run with the bulls
05 Oct 2023
Contributed by Lukas
Matthew Kidman is a well-known entity to readers of Livewire, as host of Success and More Interesting Stuff, Buy Hold Sell, and most recently, Livewir...
Hedge fund managers never name their shorts. This one does...
22 Sep 2023
Contributed by Lukas
Short sellers have had a tough time of it over the past decade. The era of free money lifted all boats, including companies that would perhaps otherwi...
Bob Desmond names his ”forever” stock
15 Sep 2023
Contributed by Lukas
We're constantly told that diversification is the only free lunch in finance. Yet most of the world's top investors choose not to eat it. Warren Buf...
3 reasons why the US economy has achieved a miraculous ”soft landing”
25 Aug 2023
Contributed by Lukas
Ten years ago, investing was an easy game. Thanks to rates near zero and reckless fiscal spending, markets were drunk on liquidity. There was multiple...
Blackwattle’s Ray David is raising red flags about market darling CSL
18 Aug 2023
Contributed by Lukas
There are a select few stocks on the ASX that boast true market darling status. Whereas other stocks sell off at the hint of bad news, market darlings...
Livewire Live is back in 2023!
16 Aug 2023
Contributed by Lukas
Livewire Live is an investor event like no other where Australia’s most experienced investors will debate the critical topics in markets right now. ...
What do counting cars and delivering an 18% pa return for investors have in common?
11 Aug 2023
Contributed by Lukas
There is a good reason why Australia’s sovereign wealth fund, the Future Fund, maintains a 16% allocation to private equity. Returns, returns, retur...
Regal’s ultimate guide to microcap investing in 2023
04 Aug 2023
Contributed by Lukas
If there is one request that we repeatedly receive from our audience, it’s that you want more content on the wonderful, often under-covered world of...
The only ASX stock with a return on equity of over 50%
28 Jul 2023
Contributed by Lukas
Value investing is all about buying stocks that are trading below their intrinsic value. In practical terms, that often involves investing in compan...
Oscar Oberg: Small caps are primed to rally, and it doesn’t happen without these stocks
21 Jul 2023
Contributed by Lukas
A year ago I sat down with Oscar Oberg, lead portfolio manager at Wilson Asset Management. His thesis then was that small caps were beaten down and...
Paul Taylor’s guide to long term compounding on the ASX (plus a 3-stock portfolio for the bottom drawer)
15 Jul 2023
Contributed by Lukas
Last month, Fidelity marked the 20 year anniversary of its Australian Equities Fund. The fund has consistently outperformed its benchmark, the ASX 200...