The best inflation protection you can get

The prophets of doom are blowing their recession horns. Accordingly, investors want to hold assets that can be bulwarks against whatever’s driving recession – that being inflation in today’s case. And that’s what today’s edition of The Rules of Investing is all about.

Livewire’s James Marlay sat down with Warryn Robertson, who is a portfolio manager and analyst at Lazard Asset Management. Warryn’s responsible for managing the Global Equity Franchise Strategy as well as Lazard’s well-known Global Listed Infrastructure Fund – which has roughly $20 billion under the hood.

Today’s episode will focus on infrastructure – a topic we know is front of mind for our readers. In our recent survey infrastructure ranked third as the asset class they’re most likely to increasing exposure to over the next 12 months.

Warren founded the infrastructure strategy back in 2005 and it has returned 10.7% per annum since then.

You’ll hear why infrastructure is “the best inflation protection you can get”. But don’t go running off to market before pressing play on this episode – as it can’t be just any old infrastructure.

He also explains how Lazard value their assets, the key thing the whole investment industry missed during COVID, the increasing trend towards privatisation of infrastructure and a near monopoly asset that he believes offers compelling value.

This episode was recorded on June 23, 2022.

Rules of Investing

Jun 24, 2022 • 45m

1x speed

Other episodes

One sector with 50 years of growth ahead

Guest: Owen Hegarty OAM, Executive Chairman, EMR Capital.
There have been few times in history that one could look at an industry or sector and confidently expect decades of growth ahead. But this is the situation that the resources industry, in par...

826 downloads Rules of Investing Jan 18, 2022

48m

Season‘s greetings from Livewire Markets

Christmas is already upon us, which means it's time to take a break from your regular Rules of Investing programming. But don't worry, there's plenty of podcast content to keep you informed and entertained of the summer. Listen to this special short ...

666 downloads Rules of Investing Dec 16, 2021

Quality and growth: How Ben Clark consistently finds winners

Consistency is key to successful investing. Just ask someone who invests in speculative mineral explorers – they’ll likely be able to tell you about their big winners but might be less keen to discuss their strike rate. But even getting 60 or 70 perc...

802 downloads Rules of Investing Nov 19, 2021

1h 3m

The biggest opportunity since the internet

Guest: Nick Griffin, Chief Investment Officer, Munro Partners.
The internet changed the lives of every person reading this article (and everyone who isn't for that matter) and the fortunes of almost every business in the world. Today, all the largest...

793 downloads Rules of Investing Oct 29, 2021

49m

Uranium Special – How did we get here? (part 1)

In the first part of this special miniseries, I talk to Brandon Munro, CEO of Bannerman Energy and co-Chair of the World Nuclear Association's Nuclear Fuel Demand Working Group. Bannerman is a greenfield developer listed on the ASX under the ticker c...

872 downloads Rules of Investing Oct 15, 2021

26m

Uranium Special – Where are we going? (part 2)

In the second part of this special miniseries, I speak to Leigh Curyer, CEO of NexGen Energy. NexGen Energy is currently developing the Arrow deposit, located in the Athabasca Basin in Saskatchewan in northern Canada. Arrow is one of the largest, hig...

676 downloads Rules of Investing Oct 15, 2021

26m

Uranium Special – The fundies‘ view (part 3)

In the final part of this mini-series, I speak to Guy Keller, Portfolio Manager of the Tribeca Nuclear Opportunities Fund. Guy has over 20 years of experience as a commodities analyst and trading, having been Head of Asia Base Metal Trading for Macqu...

899 downloads Rules of Investing Oct 15, 2021

33m

The complete guide to LICs

'Buying a dollar for 80 cents' is an old investing cliche that's rarely taken literally these days. In a bygone era, 'net-nets' - stocks trading below the value of their net tangible assets - were a relatively common occurrence. Some investors built ...

898 downloads Rules of Investing Oct 08, 2021

57m

A hated sector that Ben Graham would love

Michael Goldberg and the team at Collins St Value Fund know a thing or two about making money off unloved and out of favour stocks and sectors. Their investments in uranium and a then-unloved pharmaceutical stock (among others) have helped them outpe...

804 downloads Rules of Investing Sep 24, 2021

1h 10m