In the Company of Mavericks

Joe Bryan is a former investment bank derivatives trader turned sports betting entrepreneur who, during lockdown, went down the proverbial Bitcoin rabbit hole.    After Joe exited the company that bought his sporting odds business last year, a friend invited him on a weekend away. Each guest had to prepare a short talk to lead a discussion on a topic of their choice. Joe chose Bitcoin; it was his...

Joe Bryan is a former investment bank derivatives trader turned sports betting entrepreneur who, during lockdown, went down the proverbial Bitcoin rabbit hole.    Having exited from the company that bought his sporting odds business last year, a friend invited Joe on a weekend away. Each guest had to prepare a short talk to lead a discussion on a topic of their choice. Joe chose Bitcoin, it was hi...

During periods of global economic uncertainty and heightened financial market volatility, it is worth considering how investors should think about risk when constructing their portfolios. To this end, I was delighted to have the chance to talk recently to David Dredge at Convex Strategies in Singapore. David not only understands risk, but he also delivers his great insights in a highly entertainin...

During periods of global economic uncertainty and heightened financial market volatility, it is worth considering how investors should think about risk when constructing their portfolios. To this end, I was delighted to have the chance to talk recently to David Dredge at Convex Strategies in Singapore. David not only understands risk, but he also delivers his great insights in a highly entertainin...

I have always been interested in founder-led companies. Entrepreneurs and family-run companies often have unconventional attitudes to risk and return. They often back themselves to take operational risk. They tend to be more innovative. You could say that they are more prone to being maverick. But also, you could say that they are more cautious and mindful of capital preservation and the value of...

I have always been interested in founder-led companies. Entrepreneurs and family-run companies often have unconventional attitudes to risk and return. They often back themselves to take operational risk. They tend to be more innovative. You could say that they are more prone to being maverick. But also, you could say that they are more cautious and mindful of capital preservation and the value of...

Things are changing in global markets. There are noticeable shifts taking place. The world’s capital is rotating. As always, many factors are at work, but we might be witnessing a once-in-a-generation shift away from US assets, which have recently dominated global capital allocations.  Global investors are diversifying their portfolios.  That is why I was keen to host this episode. David Seaman of...

Things are changing in global markets. There are noticeable shifts taking place. The world’s capital is rotating. As always, many factors are at work, but we might be witnessing a once-in-a-generation shift away from US assets, which have recently dominated global capital allocations.  Global investors are diversifying their portfolios.  That is why I was keen to host this episode today. David Sea...

During the pandemic, an Argentinian economist called Javier Milei began to make a name for himself on TV panel shows for his wild libertarian ideas and idiosyncratic, abrasive delivery. Milei raged against politicians of all persuasions, always prepared to outrage his opponents and entertain his audiences. By 2021, he had become a congressman, denouncing the political class as useless parasites wh...

Have you ever wondered how fund managers deliver a successful long-short strategy?  David Seaman of Alpha Cygni Investment Management recently joined me for a conversation with Richard Stuckey , the manager of the Ennismore Global Equity Fund , about managing such a strategy in smaller global companies.   In this fascinating chat, Richard discusses different approaches to shorting equities and how...

In this episode, Progressive’s legendary technology analyst, George O’Connor , joins me in a conversation with Mark Blandford , the online betting pioneer and founder of Sporting Bet . Always interested in horse racing and betting on horses, Mark moved from traditional bookmaking into the emerging world of the internet in the late 1990s, building Sporting Bet into a high-growth AIM company, later...

Dominic Frisby is an author, comedian, singer-songwriter, voice-over artist, self-taught financial commentator and the creator of the popular Substack, The Flying Frisby .    The main pillar of Dominic’s investment philosophy is based on gold and Bitcoin, and he has written extensively about both.    He was an early adopter of real asset protection, writing a book on the role of Bitcoin ten years...

Dominic Frisby is an author, comedian, singer-songwriter, voice-over artist, self-taught financial commentator and the creator of the popular Substack, The Flying Frisby .    The main pillar of Dominic’s investment philosophy is based on gold and Bitcoin, and he has written extensively about both.    He was an early adopter of real asset protection, writing a book on the role of Bitcoin ten years...

Have you ever wondered what investing in Emerging Markets is all about? It’s complicated, right? And having witnessed a decade or more of US dollar dominance and outperforming developed markets, particularly US markets, why bother looking at the rest of the world? After all, isn’t that where all the bad stuff happens, like currency crises and debt defaults?  Recently, there have been signs that Em...

Have you ever wondered what investing in Emerging Markets is all about? It’s complicated, right? And having witnessed a decade or more of US dollar dominance and outperforming developed markets, particularly US markets, why bother looking at the rest of the world? After all, isn’t that where all the bad stuff happens, like currency crises and debt defaults?  Recently, there have been signs that Em...

A few months ago, I chatted with Adam Rackley , the SVS Dowgate Cape Wrath Focus Fund manager featured in Episode 39, Market Capitulations & Narrative Shifts .  We were reading a great new Substack called Sweet Stocks , which featured weekly in-depth write-ups of some fascinating quality compounding growth stocks. Not only were we impressed with Sweet Stocks’ quality, but the weekly publicatio...

Adam Rackley joins me for a conversation with growth stock analyst and ultra runner Alex Sweet of Sweet Stocks . Alex discusses his background and investment philosophy, and we chat about three UK equities he has covered in his newsletters: 4imprint, YouGov & Loungers.  COMING SOON on all good podcast apps. Made possible by Progressive Equity  

For this episode, I am joined by Duncan MacInnes , manager of The Ruffer Investment Company , for a conversation about his investment philosophy and how he thinks about risk in today’s financial markets.  He describes himself as a pragmatic, macro-informed, value investor.   The Ruffer Investment Company is a billion-pound London-listed investment company with the simple aim of delivering consiste...

Coming soon, Duncan MacInnes presents a tour de force of the major financial asset classes and how to manage risk in today's crazy markets. He covers why he is so bullish on gold, gold miners, the yen and UK equities, and long Chinese equities, the ugliest in his portfolio of ugly ducklings. He also riffs on the yen carry trade, Bitcoin, premium drinks, and how we might know we are nearer the top...

In today’s episode, I am joined by Mark Wharrier , an experienced professional investor who previously worked with companies such as  Mercury and Black Rock and is now focused on investing in public and private companies.  We have a fascinating conversation with Ami Daniel , the co-founder and CEO of AIM-listed Windward . Windward is a 14-year-old company that provides B2B data and software soluti...

Coming soon on your favourite podcast app is a fascinating chat with Ami Daniel, co-founder and CEO of Windward. Ami is a high-energy entrepreneur driving the fastest annual recurring revenue business in the London market, and he was a joy to talk with. Windward has an impressive customer list and is building a suite of AI-powered products to drive Ami's ambition for Winward to become a multiple h...

In today’s episode, I am joined by Tim Price of Price Value Partners , a private wealth manager in London since the late 1990s.  Originally an English literature graduate, Tim started work as a bond salesman for a Japanese bank. However, he switched to private client wealth management, where he was to develop his well-reasoned but highly differentiated approach to managing money.   Tim has develop...

In today’s episode, I am joined by Tim Price of Price Value Partners , a private wealth manager in London since the late 1990s.  Originally an English literature graduate, Tim started work as a bond salesman for a Japanese bank. However, he switched to private client wealth management, where he was to develop his well-reasoned but highly differentiated approach to managing money.   Tim has develop...

In this episode, I am joined by someone who is probably the best-performing smaller companies fund manager you have never heard of.  I first met Geoff Oldfield in the 1990s when he was working as the co-manager of the European Select Fund at Barings Asset Management. He and his partner Gerhard Shoeningh were making a name for themselves in the sector and, in 1998, left to set up Ennismore Fund Man...

In this episode, I am joined by someone who is probably the best-performing smaller companies fund manager you have never heard of.  I first met Geoff Oldfield in the 1990s when he was working as the co-manager of the European Select Fund at Barings Asset Management. He and his partner Gerhard Shoeningh were making a name for themselves in the sector and, in 1998, left to set up Ennismore Fund Man...