The Master Investor Podcast with Wilfred Frost

This week’s guest is Thomas Peterffy, a digital trading pioneer and founder of Interactive Brokers, who arrived in the U.S. from communist Hungary and built a $100bn business. He discusses his defense of capitalism and shares thoughts on Donald Trump. Peterffy reveals how technology revolutionized stock trading, enabling low-cost services that attract millions of customers. He also shares insights on the current economic landscape, including predictions on market trends, cryptocurrencies, and the importance of long-term investment strategies.

Ray Dalio, the legendary investor and founder of Bridgewater Associates, shares insights on looming risks in global debt markets and the complacency in bond pricing. He emphasizes the importance of gold and Bitcoin in his portfolio, suggests that popular stocks may be overpriced, and reflects on past economic collapses. Dalio discusses the necessity for strong leadership to tackle rising debt dynamics in the UK and US, and warns listeners about the potential weaknesses of the dollar compared to alternative currencies.

This week Wilf sits down for a rare, extended conversation with Goldman Sachs Chairman and CEO David Solomon in London, who shares his leadership advice while reflecting on the strategy that has seen his bank outperform his rivals in the last few years. He shares stark warnings about London's fragile position in the global financial system, the importance of getting policy right on both sides of the Atlantic, but ignoring the noise from the Trump administration and his constructive view on the US economy and Goldman's business over the next 18 months.   The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions   You can watch the full video on The Master Investor YouTube channel.    And follow @WilfredFrost on X.   This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Hightower Advisors' Chief Investment Strategist, Head of Investment Solutions and Equity Portfolio Manager Stephanie Link outlines why she has been constructive on the US market in recent years despite the considerable noise. She also discusses being brave and buying during the April pullback, her top stock picks (Uber, Palo Alto Networks, Vertiv, Boeing, Amazon, D.R. Horton and multiple banks), and her advice on investing and smashing it in a male dominated industry.   The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions   You can watch the full video on The Master Investor YouTube channel.    And follow @WilfredFrost on X.   This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Some bonus content from Wilf's conversation earlier this week with the Founder, Chairman, and Long Term Investment Strategist at GMO, Jeremy Grantham. This time Jeremy focuses on the biggest long term risks he sees for the market, and humanity, including toxicity, declining fertility and climate change.   The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions   You can watch the full video on The Master Investor YouTube channel.    And follow @WilfredFrost on X.   This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Jeremy Grantham, founder and chairman of GMO, shares his sharp insights on stock market bubbles, having successfully predicted them over the past five decades. He draws a striking comparison between Nvidia's soaring market cap and the opportunists of the gold rush. Grantham warns of the current risks with the 'Magnificent 7' tech stocks, emphasizing the amateur investor's edge in navigating turbulent markets. He offers invaluable strategies for non-professionals, urging caution while noting the unique advantages they possess.

This week Wilf speaks to Former US Treasury Secretary Jack Lew about President Trump's economic agenda, and reflects on how he helped President Clinton balance the budget in the 90s, in light of Trump's "One Big Beautiful Bill" making its way through Congress. Lew reflects on the growing size of the US deficit, the weakening US dollar, and gives his advice for leaders on how to build bridges with those on the opposing team.   The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions   You can watch the full video on The Master Investor YouTube channel.    And follow @WilfredFrost on X.   This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.  

This week Wilf talks to Founder and Portfolio Manager of Niles Investment Management, Dan Niles, about his latest views on the market, and the career path that’s led to his position as the most respected tech investor in the world. Dan reveals that he is terrified by the US debt position and bearish on the market on any medium term outlook, albeit believing it will make new all time highs in the short term. He reveals his top 5 picks, and explains why he is incredibly bearish on Apple. He also gives listeners a rare insight into his core investing principles while reflecting on the best and worst investments he has ever made.   The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions   You can watch the full video on The Master Investor YouTube channel.    And follow @WilfredFrost on X.   This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Wilfred Frost sits down for a teaser episode with his co-creator of The Master Investor Podcast, Jim Mellon, one of Britain's greatest investors, to outline why they have launched the podcast, and preview what they have to come in the weeks ahead.   Jim Mellon is a British entrepreneur, investor and philanthropist with a wide range of interests. Through his private investment company, Burnbrae Group, he has substantial real estate holdings in Germany and the Isle of Man, as well as holdings in private and public companies. Jim’s investment philosophy is underpinned by careful analysis of new industries or major shifts in markets.    Wilfred Frost is the presenter of the breakfast show on Sky News (7-10am Monday-Thursday), and a contributor for NBC News, CNBC and MSNBC. Until 2022 he was the anchor of CNBC’s flagship show, Closing Bell, which airs daily from the floor of the New York Stock Exchange. He began his career in finance, working for five years as a fund manager at Newton Investment Management, before switching to broadcast journalism in 2014. Behind the camera, he is CEO of Paradine Productions, one of the oldest independent production companies in the UK.   The Master Investor Podcast is for anyone passionate about business and investing. We are pro ambition, celebrate success and provide you the edge. Join us and learn from the most legendary investors and business leaders in the world.   You can watch the full video on The Master Investor YouTube channel.  And follow @WilfredFrost on X.   Nothing in the Master Investor podcast constitutes financial advice. We're here to share ideas and opinions, but you should always seek external independent financial advice before making your own investment decisions.   This podcast is produced by Paradine Productions, The Master Investor Ltd in association with Bird Lime Media.