Why Invest?

In this episode, host Luke Hyde-Smith sits down with Alyx Wood, Chief Investment Officer of Kernow Asset Management, to explore his unconventional approach to investing and why he believes today's UK market presents a rare opportunity for active managers. From starting his investment journey at just 15 years old to building a boutique investment firm focused on long-short equity strategies, Alyx shares the experiences and lessons that have shaped his distinctive investment philosophy.The conversation delves into how Alyx identifies opportunities others overlook, why shareholder analysis has become a critical edge in his process, and how behavioural biases create attractive investment opportunities. He also discusses the changing structure of markets, the rise of passive investing, the advantages of taking a long-term perspective, and why some of the best investment opportunities emerge when sentiment is at its lowest.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? Luke Hyde-Smith is joined by Advika Jalan, Head of Research at MMC Ventures, to explore how artificial intelligence, stablecoins and blockchain are reshaping venture capital. They discuss what makes early-stage investing different, why technology companies are scaling faster than ever, and the opportunities and risks investors should consider when accessing private markets. The conversation also looks beyond the technology itself. Advika Jalan explains why successful AI businesses will still need strong customer value, specialist expertise and effective distribution, as well as the human judgement required to put powerful technology to work.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host Luke Hyde-Smith is joined by Gemma Wright, Partner at CVC and a member of its sports, media and entertainment team, to explore the growing role of private equity in sport, entertainment and media.The conversation explores how investment can help sporting organisations strengthen their commercial capabilities, improve digital content and reach new audiences, while preserving the heritage and loyalty that make sport distinctive. Gemma also discusses the importance of working within existing sporting ecosystems, rather than fragmenting them, and explains how operational expertise can support sustainable, long-term growth.Looking beyond traditional sport, the discussion considers opportunities across video gaming, live entertainment, music and digital platforms, including the changing media-rights landscape and the growing influence of streaming, data and AI. Gemma also shares her outlook for the sector, highlighting the continued growth of women’s sport and the enduring appeal of live experiences and passionate fan communities.Key takeawaysSuccessful sports investment starts with the fans – Sustainable commercial growth comes from improving the experience for fans, creating more relevant content and distributing it through the channels they want to use.Private equity can provide more than capital – investors should support its sports partnerships through strategic guidance, board-level challenge and access to experienced operators.Women’s sport and digital distribution offer significant opportunities – Rising participation and audience interest are creating momentum across women’s sport, while streaming, social media, direct-to-consumer channels and AI are changing how content reaches fans.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host, Luke Hyde-Smith is joined by Alex Wright, Partner and Global Wealth Strategist at Apollo, one of the world's largest private markets investment firms. Together, they explore the evolution of private markets, Apollo's growth from a specialist credit investor to a firm managing more than $1 trillion of assets, and the increasing role private capital is playing in financing major global trends.The discussion covers the key opportunities and risks across private credit, private equity and infrastructure investing, including why private markets can offer diversification, potential alpha and broader investment opportunities beyond public markets. Alex shares his views on the current private credit landscape, the importance of disciplined underwriting, the impact of higher interest rates on borrowers, and why he believes investors should look beyond headlines when assessing the sector.Luke and Alex also discuss the growing collaboration between banks and private capital providers, the investment opportunities created by the global infrastructure and AI build-out, and how investors can think about portfolio construction in a world of concentrated public markets. The episode concludes with Alex's outlook for the years ahead, thoughts on the future convergence of public and private markets, and practical career advice for those considering a career in finance.Key takeawaysPrivate markets continue to expand as investment opportunities move beyond public markets – with many companies choosing to remain private for longer, investors may be missing a significant portion of the opportunity set by focusing solely on public markets.Discipline matters more than ever in private credit – while parts of the market have attracted negative headlines, Alex argues that strong underwriting, conservative lending standards and careful manager selection remain critical.A global infrastructure and AI-driven investment cycle is underway – from energy networks and supply chains to data centres and AI infrastructure, the world's demand for capital is growing rapidly.Diversification may be increasingly important in concentrated markets – with strong performance from a small number of companies driving much of the public market's returns.This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? host Luke Hyde-Smith is joined by macro hedge fund manager, economist and author Eric Lonergan. The conversation explores the importance of market psychology, asset-price behaviour, position sizing and risk management, as well as the need to look beyond short-term market narratives.Eric shares his perspective on the current investment environment, including the changing relationship between equities and bonds and the opportunities and risks created by the rapid growth of AI-related investment. While optimistic about AI’s long-term potential, he considers how rising capacity and leverage could contribute to a future credit cycle and potentially deflationary shock. Key takeaways-      A successful macro investor needs to understand economics, asset-price behaviour and psychology. Eric argues that economics is relevant only some of the time, while position sizing, trade structure and managing the balance between gains and losses are critical to long-term success.-      Investors must distinguish between normal market conditions and periods of fundamental change. Eric describes an “80/20” framework: markets spend much of their time in relatively stable economic conditions, but the most important task is recognising the periods when a major economic shift can overwhelm established investment models.-      AI may deliver major breakthroughs while still creating an investment and credit cycle. Eric is highly optimistic about AI’s potential, but believes rapidly expanding capacity, duplicated investment and growing leverage could eventually create a supply-demand mismatch and a deflationary shock.  This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the W1M Why Invest? podcast, Luke Hyde-Smith is joined by Sean Peche, Founder and Lead Portfolio Manager of Ranmore Fund Management. Sean discusses the principles behind his global value investing approach, explaining how the team seeks out overlooked opportunities around the world rather than following market trends or popular narratives.The conversation explores the behavioural biases that can influence investment decisions, the opportunities created by passive investing and why Sean remains focused on valuation, discipline and downside protection. He also shares lessons from building Ranmore during the financial crisis, his views on AI-related stocks and the importance of focusing on "numbers, not narratives" when making investment decisions.If you would like further information about anything discussed in this episode, please do get in touch: [email protected] takeawaysValue can often be found where others are not looking. A flexible global approach allows investors to seek opportunities in markets and companies that have fallen out of favour.Investment success depends as much on discipline as stock selection. Managing risk, controlling emotions and being willing to admit mistakes are critical to long-term returns.Price matters. Even great businesses can be poor investments if purchased at the wrong valuation, which is why Sean focuses on fundamentals and cash flows rather than market narratives This podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Why Invest? podcast, Luke Hyde-Smith and Tom Savile are joined by financial psychotherapist and author Vicky Reynal to explore the powerful connection between psychology and investing. Vicky shares insights from her work helping people navigate everything from fear of investing and procrastination to overspending. The conversation explores how childhood influences shape our relationship with money, why investing should be viewed as an emotional journey rather than a test of intelligence, and how confidence is often built through action, not before it.The discussion also looks at the UK's cautious approach to investing, the impact of social media on younger investors and the challenges of staying calm during periods of market uncertainty. Vicky offers practical advice on building a healthier relationship with money and explains why understanding your own behaviour may be one of the most valuable investments you can make. If you would like further information about anything discussed in this episode, please do get in touch: [email protected] more from Vicky:Instagram: @vickyreynalpsychotherapy LinkedIn: www.linkedin.com/in/vicky-reynal X: @VickyRyenalPsycWebsite: http://www.reynal-psychotherapist.co.ukVicky's book: Money on Your Mind: The Psychology Behind Your Financial HabitsThis podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Why Invest? The W1M Multi-Asset team reviews an eventful first half of 2026, from geopolitical tensions and oil market volatility to the continued strength of AI-related investment and the resilience of equity markets. They discuss the major macro forces shaping portfolios today, including energy security, inflation, interest rates, liquidity and earnings momentum, while sharing how these themes are influencing asset allocation decisions.The episode also explores whether parts of the market are showing signs of bubble-like behaviour, why equity opportunities remain attractive in selected areas, and how AI, defence, energy infrastructure and UK capital markets are creating both risks and opportunities for investors. If you would like further information about anything discussed in this episode, please do get in touch: [email protected] podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode, host Luke Hyde-Smith is joined by Matthew, Lord Elliott of Mickle Fell, political campaigner, author, House of Lords peer and co-founder of Jobs Foundation.Marking ten years since the Brexit referendum, Matthew reflects on the successes and shortcomings of Brexit, the economic and political challenges the UK has faced in the decade since, and why he believes the country has yet to fully capitalise on the opportunities created by leaving the European Union.The conversation explores the themes of Matthew’s book, Prosperity Through Growth, examining what the UK needs to do to improve productivity, attract investment and restore long-term economic growth. They also touch on the work of Jobs Foundation, which aims to improve employment opportunities across the UK, and why investing in the next generation may be one of the most important investments of all.If you would like further information about anything discussed in this episode, please do get in touch: [email protected] podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Why Invest? podcast, Chris Joye returns to discuss the global macro backdrop, covering inflation, growth, and central bank policy. He shares why he believes inflation will remain stickier than expected, what’s driving global growth, and how AI, fiscal policy and geopolitics are shaping the outlook.The conversation then turns to markets, with a focus on fixed income opportunities and risks. Chris explores where value exists across cash, government bonds and credit, why selectivity is key in today’s environment, and highlights emerging risks, alongside opportunities created by shifting market dynamics. If you would like further information about anything discussed in this episode, please do get in touch: [email protected] podcast is issued by W1M Wealth Management Limited which is authorised and regulated by both by the Financial Conduct Authority of 12 Endeavour Square, London E20 1JN, with firm reference number 120776 and the U.S. Securities and Exchange Commission of 100 F Street, NE Washington, DC 20549, with firm reference number 801-63787. Registered in England and Wales, Company Number 02080604.The information provided in this podcast is for information purposes only and W1M Wealth Management Limited does not accept liability for any loss or damage which may arise directly or indirectly out of use or reliance by the client, or anyone else, on the information contained in this recording. This podcast should be used as a guide only is based on our current views of markets and is subject to change.The information provided does not constitute advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular wealth management or investment objectives, strategies, tax status or investment horizon.All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information. Hosted on Acast. See acast.com/privacy for more information.