We are in the midst of a social, economic, financial and political crisis

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 whole range of subjects.

For more than 40 years, Donald Amstad traded his way through the highs and lows of financial markets. After completing his undergraduate studies at Oxford University, Amstad began his career at Japanese trading house Nomura. He went on to hold roles at JPMorgan, JPMorgan Asset Management, and the Bank of America before spending the last 15 years of his career at Aberdeen Standard (now, abrdn).

And although he may be a fixed income specialist by trade, you would be wise to listen to Amstad’s interviews on many other subjects.

Long-time readers and viewers of Livewire may have already seen some of Amstad’s thoughts on the markets. In 2019, Amstad was a participant in Livewire’s Expert Insights series. One of his videos has garnered more than 800,000 views since it was first uploaded – the most of any Livewire video ever.

In the four years since that video was recorded, so much has changed in the world. Among them are the COVID-19 pandemic, the rapidly changing geopolitical situation to the slow (and ongoing death) of quantitative easing. But even as the world has changed, Amstad’s core views on some of the most pressing challenges of our time have not. In fact, they have strengthened.

This week, Livewire’s Hans Lee sat down with Amstad for a half-hour conversation on the big picture issues that are driving markets – and the issues that are not driving markets (yet). This is a conversation you cannot afford to miss.

Note: This interview was conducted on Tuesday 7 November 2023.

Rules of Investing

Nov 10, 2023 • 31m

1x speed

Other episodes

Christopher Joye: No margin for error for risk junkies craving rate cuts

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 are not your bag, then there have been juicy yields on offer across a range of cash and fixed-income ...

67 downloads Rules of Investing Apr 12, 2024

1h 2m

Why Ben Clark is taking profits on growth stocks (and where he's putting that money to work)

Quality growth stocks, those with fortress balance sheets, impressive moats, structural tailwinds and top-notch management teams, have had a stellar run recently. Take Goodman Group (ASX: GMG) for example, which has risen 66% over the past year. Or M...

92 downloads Rules of Investing Apr 11, 2024

47m

Trailer: Ben Clark, TMS Capital

If there is one theme that has taken the world by storm in 2024, it's Artificial Intelligence or AI.
Until very recently, this week's guest was a bit of a sceptic, but a recent trip to the US has seen him come back a changed man.
In this episode, we...

54 downloads Rules of Investing Apr 11, 2024

The next 10 years in ETF growth could be dominated by this asset class

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 products (ETPs) more broadly.
The number of listed products has increased by 17.5 times in Austral...

159 downloads Rules of Investing Mar 22, 2024

28m

Warryn Robertson’s guide to picking the best infrastructure stocks on the ASX and abroad

Warryn Robertson, portfolio manager and analyst at Lazard Asset management, understands the nuances of infrastructure assets like few others in the market. His approach is to find monopoly assets with inflation protected revenues, high margins and re...

116 downloads Rules of Investing Mar 14, 2024

39m

The policy overhaul Shane Oliver would make to secure Australia's fortunes

"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 of the hundreds of messages of support and appreciation that flooded a recent social media post recog...

122 downloads Rules of Investing Mar 01, 2024

46m

Where Soul Patts is investing for long term growth and dividends

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 for more than a century, has never missed a dividend payment but, for the most part, has flown under inv...

124 downloads Rules of Investing Feb 16, 2024

41m

How Hyperion unearths rare but exceptional growth companies (plus two that pass their filters)

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, low inflation and lower interest rates. That's the perspective of Jason Orthman, the Deputy Chief I...

152 downloads Rules of Investing Feb 02, 2024

45m

How to invest $1 million in 2024

Each year, Barron's releases a list of Australia's Top 100 Financial Advisers. Pitcher Partners' Charlie Viola and Lipman and Burgon Partners' Paul Burgon have featured high on this list over the years, and both ranked in the top 10 in 2023.
As part...

202 downloads Rules of Investing Jan 08, 2024

29m