The Master Investor Podcast with Wilfred Frost

Rene Haas, CEO of Arm and veteran semiconductor executive, explains Arm’s rise from low‑power mobile CPUs to a central role in AI compute. He discusses CPU vs GPU, Arm’s IP licensing and shift to compute subsystems, partnerships with Nvidia, Apple and OpenAI, China vs US advantages, and why curiosity and hardware skills matter for future careers.

Helima Croft, former CIA analyst and Head of Global Commodity Strategy at RBC, brings sharp geopolitical and energy-market expertise. She discusses how energy is being used as statecraft, China’s strategic stockpiling and diversification, Venezuela’s steep production challenges, and how Iran, OPEC+ moves, and US policy could shift oil prices and security risks.

Tom Lee, co-founder of Fundstrat Global Advisors and an expert on market trends, shares his insights on the upcoming market landscape. He discusses his prediction of a short-term pullback in 2026 that could serve as a prime buying opportunity. Lee emphasizes the importance of watching transitions like a new Fed and evolving AI dynamics. He explains why gold is under-owned and why Bitcoin remains 'digital gold' with a bold price target. Additionally, he highlights sector opportunities beyond the Magnificent 7, favoring cyclicals and energy for the future.

David Tait, CEO of the World Gold Council, shares insights from his extensive experience in the gold market and fundraising. He discusses six key drivers behind gold's recent surge, particularly the fear of a US debt spiral fueling central bank buying. Tait highlights Japan's untapped potential for gold investments and the impact of China's insurance market deregulation. He also contrasts gold with Bitcoin, calling the latter not true digital gold. Tait's personal journey through adversity, including his inspirational Everest climbs, underscores his commitment to charity.

Join billionaire investor Jim Mellon, Chairman of The Burnbrae Group, as he reveals his bold investment strategy for 2026. Jim is diving deep into energy stocks, highlighting their crucial role in the AI and data center sectors, while dramatically trimming his gold and silver investments. He critiques the overvaluation of AI stocks and believes robotics is the smarter play for the future. Jim also shares his thoughts on the Japanese Yen and why it might be an attractive investment. Get insights from a legendary contrarian investor!

Nick Train, a veteran UK fund manager and founder of Lindsell Train, passionately discusses his belief in the untapped potential of UK equities. He shares his low-turnover investment strategy, revealing that he often holds stocks for a decade or more, influenced by legends like Buffett. Train highlights under-owned companies like London Stock Exchange and RELX, leveraging AI to enhance growth despite UK’s relative underperformance. He defends Diageo as a long-term investment, advocating for patience and optimism in the face of market pressures.

Dan Ives, Managing Director at Wedbush Securities and founder of the Ives ETF, discusses how to identify tech winners in the AI era. He shares insights on the early phases of the AI boom, emphasizing that only 3% of adoption has occurred so far. Ives highlights key players like Nvidia and Apple, and outlines promising investments in hyperscalers and second-derivative companies. He addresses common bear case arguments regarding valuations and cloud risks while promoting a visionary approach to investing, focusing on innovators over numbers.

Brian Moynihan, Chairman and CEO of Bank of America, shares insights on leading one of the world's major financial institutions. He emphasizes a customer-first approach, explaining how it shapes their services and attracts clients. Moynihan discusses overcoming post-crisis challenges, his legal background's influence on decision-making, and the economic outlook for 2026, highlighting a 2.4% growth projection. He also addresses the risks of fiscal deficits and the future role of AI in banking, urging leaders to maintain curiosity and focus on customer needs.

Brian Moynihan, Chairman and CEO of Bank of America, shares insights on the bank's commitment to the UK, announcing 1,000 new roles in Belfast. He praises London for its talent pool and lifestyle, making it a prime international hub. Moynihan addresses concerns over rising taxes, emphasizing the need for UK leaders to prioritize financial services for economic growth. He reflects on a recent meeting with King Charles, underscoring initiatives aimed at sustainability in finance. Stay tuned for a deeper dive into the US economy and AI.

Greg Fleming, President and CEO of Rockefeller Capital Management, shares insights from his extensive Wall Street career. He discusses building a successful wealth management firm, emphasizing client relationships over mere investment performance. Fleming highlights the essential role of strong brands in finance and reflects on major crises, including Merrill's sale to Bank of America. He also predicts AI as a game changer for productivity and discusses the implications of inflation on asset allocation, advocating for alternatives in high-net-worth portfolios.