Shows / Art of Boring
Art of Boring
Listen as Mawer Investment Management Ltd. takes a deeper dive into the investment philosophy and strategies that have helped put the odds in their clients' favour for over 50 years.
Episodes
- Art of Boring
Consumer Biotech: The Value Chain Beneath the GLP-1 Boom | EP 234
GLP-1 drugs and the peptide supply chain behind them have grown like no other drug class, reaching 44 million users within five years. Equity analyst Joshua…
- Art of Boring
Rising Bond Yields, Ireland's Banking Turnaround, and China's Risk Premium | EP 233
Germany's 10-year government bond, negative 0.5% during the pandemic, now yields 3.46%, while the UK's has climbed to 5.5% and Japan's to about 3%…
- Art of Boring
Quarterly Update | Q3 2026 | EP 232
Q3 2026 market update: Canadian investment-grade bonds returned roughly negative 3% while stock markets in many parts of the world ended September near record…
- Art of Boring
Tariff Impacts on Canadian Portfolios | EP 231
Canada-U.S. tariffs are back, and Canadian investors are asking what they mean for their portfolios. Canadian equity portfolio manager Vijay Viswanathan and…
- Art of Boring
Global Credit: Revisiting the Risks, One Year Later | EP 230
Global credit is absorbing record corporate bond supply as the AI data centre build-out floods the market with debt, yet spreads remain at multi-decade tights…
- Art of Boring
Emerging Markets: Is AI Compute Demand Durable? | EP 229
Is AI compute demand durable? Emerging markets equity portfolio manager Wen Quan Cheong returns from a research trip across Taiwan and South Korea and examines…
- Art of Boring
The Investor's Sword and Shield | EP 228
Global equity portfolio manager, Paul Moroz, speaks to a wide range of market topics, including what higher discount rates mean for equity valuations and the…
- Art of Boring
Private Equity: The Blurring Line Between Public and Private Markets | EP 227
Private equity is opening up to individual investors, and the line between public and private markets is blurring. In this episode, private investments…
- Art of Boring
AI CapEx: How Hyperscalers Turn Data Centers Into Returns | EP 226
AI CapEx is on track to reach roughly $700 billion at the four largest hyperscalers this year, and equity analyst Irena Petkovic breaks down where all that…
- Art of Boring
Memory, Part 3: Cyclicality, Leveraged EFTs, and Pricing Uncertainty | EP 225
How do you value a memory semiconductor stock like SK Hynix when no one can predict DRAM prices? Equity analyst Shan Rui Yeo walks through the team's Monte…
- Art of Boring
Memory, Part 2: The Risks from China, Technological Change, and Overcapacity | EP 224
Memory has been one of the strongest corners of the semiconductor industry, and strong returns invite hard questions. In the second part of this series, equity…
- Art of Boring
Memory, Part 1: From Boom-Bust Commodity to AI Bottleneck | EP 223
One of the defining market stories of the past 12 months has not been AI chips that compute, but the chips that remember. Equity analyst Shan Rui Yeo explains…
- Art of Boring
Investing in the Build Canada Theme | EP 222
Canada has spent a generation underinvesting in the infrastructure and resources that underpin its economy, and that may be starting to change. Canadian small…
- Art of Boring
Quarterly Update | Q2 2026 | EP 221
Canadian equities gained in the second quarter of 2026 even as the economy tripped the technical definition of a recession and an oil shock sent crude toward…
- Art of Boring
Emerging Markets: Different Hats, Better Decisions, and Learning Faster | EP 220
Investment teams increasingly build and rely on their own AI tools, but the payoff depends on how deliberately a team reinvests the time that AI frees up…
- Art of Boring
Global Equity: The Odyssey, the AI Trade, and Concentration Risk | EP 219
AI portfolio construction in global equity markets (memory semiconductors, mega IPOs, and how to manage concentration risk) is the focus of this conversation…
- Art of Boring
Looking Under the Hood: Canadian Equity Concentration and Diversification | EP 218
Canada's stock market has set repeated record highs in 2026, even as the domestic economy feels soft. Canadian equity portfolio manager Mark Rutherford…
- Art of Boring
Balanced Portfolios: A Market Tug of War and the Discipline to Stay Neutral | EP 217
In this episode, portfolio manager Steven Visscher covers how Mawer's balanced portfolios navigated 2025 and how they are positioned in 2026. With a war-driven…
- Art of Boring
U.S. Mid-Cap: The Physical Economy Comeback, Capital Intensity, and Portfolio Positioning | EP 216
In this episode, Jeff Mo, U.S. mid-cap portfolio manager, explores a fundamental shift in how economies may grow over the next decade. He makes the case that…
- Art of Boring
International Equity: Finding Quality Opportunities in Today's Market | EP.215
In this episode, Peter Lampert, international equity portfolio manager, examines the Middle East conflict and its implications for global markets. He walks…
- Art of Boring
Global Credit: Energy Shocks, AI Borrowing, and Signs of Stress | EP 214
In this episode, Brian Carney, lead portfolio manager of the Mawer Global Credit Opportunities Strategy, examines a fixed income backdrop reshaped by…
- Art of Boring
Quarterly Update | Q1 2026 | EP 213
In this episode, Institutional Portfolio Manager Kevin Minas and Investment Counsellor Stu Morrow examine the forces shaping markets in the first quarter of…
- Art of Boring
Global Equity: When the Voting Machine Overwhelms the Weighing Machine | EP 212
In this episode, global equity portfolio manager Paul Moroz examines how investors can navigate a market increasingly shaped by conflict, shifting narratives…
- Art of Boring
U.S. Equities: Software, Security, and Shifting Regimes | EP 211
In this episode, U.S. equity portfolio manager Grayson Witcher explores what it means to invest exclusively in American businesses at a time when the U.S. is…
- Art of Boring
Emerging Markets: AI "Picks and Shovels," ROIC, and the Great Supply Chain Reshuffle | EP 210
Wen Quan Cheong, co-manager of Mawer's emerging markets equity strategy, outlines four major themes shaping the opportunity set today. First, the "picks and…
- Art of Boring
Accounting Shenanigans and the Pursuit of Economic Truth | EP 209
Equity analyst Alex Romaines joins the podcast to unpack "accounting shenanigans" and why getting from reported numbers to the economic truth of a business is…
- Art of Boring
Nostalgia Is Not a Strategy: Adapting the Investing Playbook to a Changing World Order | EP208
In a world where geopolitical tension, economic inequality, and technological change are all accelerating, what does it mean to be a long‑term, bottom‑up…
- Art of Boring
Data Moats in the Age of AI | EP 207
In this episode, we sit down with equity analyst Joshua Samuel to explore how artificial intelligence and large language models (LLMs) are fundamentally…
- Art of Boring
Quarterly Update | Q4 2025 | EP 206
In this episode, Investment Counsellor Stu Morrow and Institutional Portfolio Manager Kevin Minas examine the forces reshaping markets in the fourth quarter…
- Art of Boring
Banks, Barrels and Gold: Canadian Equity in a Risky World | EP 205
From lingering "Liberation Day" tariff fears and a shift toward a more pro-growth federal policy stance to changing leadership within key sectors, Canadian…
- Art of Boring
U.S. Mid-Cap Resilience: Beyond the Headlines | EP 204
U.S. mid-cap equities are often overlooked, but beneath the headlines of consumer weakness and market volatility, there's a more nuanced story. Portfolio…
- Art of Boring
Credit Markets: Caution, Compression, and Opportunity | EP 203
On this episode of The Art of Boring, Global Credit Portfolio Manager Brian Carney unpacks what he believes are some of the most pressing issues in credit…
- Art of Boring
International Equity: AI Enablers, Competitive Strength, Portfolio Resilience | EP 202
In this episode, portfolio manager Peter Lampert discusses the evolving landscape of international equities, with a special focus on the portfolio's exposure…
- Art of Boring
Global Equity Update: Collaboration, Diversification, and Staying in the Middle of the Net | EP 201
Paul Moroz returns to share an update on our global equity strategy. We dig into what's changed since Paul resumed the lead portfolio manager role, how the…
- Art of Boring
Quarterly Update | Q3 2025 | EP 200
In this episode, we sat down with our Director of Research, Vijay Viswanathan, and Institutional Portfolio Manager, Kevin Minas, to talk through their…
- Art of Boring
The Canadian Bond Balancing Act: Trade Policy, Central Banks, and Economic Growth Impacts | EP 199
In this episode, Fixed Income Portfolio Manager Crista Caughlin breaks down the macro forces driving bond markets in 2025. From trade uncertainty to central…
- Art of Boring
Patience and Progress: Navigating Japan's Investment Terrain | EP 198
Equity analyst Ian Turnbull shares insights from his latest trip to Japan, highlighting the unique aspects of Japanese society and corporate culture. From…
- Art of Boring
From Invisible Hand to Heavy Hand: Government Stakes, AI, and the Shifting CapEx Cycle in U.S. Markets | EP 197
In this episode, U.S. Equity Portfolio Manager Grayson Witcher explores the evolving intersection of government policy, innovation, and capital expenditure…
- Art of Boring
Convergence and Complacency: Today's Credit Markets | EP 196
Brian Carney, lead portfolio manager of the global credit opportunities strategy, explores the current credit market environment characterized by tight spreads…
- Art of Boring
From Inventory to Innovation: Canadian Small Caps in Focus | EP 195
In this episode equity analyst Dominic Drzazga discusses the current state of Canadian small caps, highlighting how geopolitical volatility creates both…
- Art of Boring
Back to the Future: Global Equity | EP 194
Paul Moroz returns to The Art of Boring podcast after three years, discussing his reappointment as lead manager of Mawer's global equity strategy. Paul…
- Art of Boring
Quarterly Update | Q2 2025 | EP 193
In this episode Canadian bond portfolio manager, Crista Caughlin, and balanced portfolio manager, Steven Visscher discuss Q2's market and economic activity…
- Art of Boring
Customizing the Last Mile: AI, Innovation, and Mawer's Tech Evolution | EP 192
In this episode, Justin Anderson, Mawer's Chief Technology Officer, sits down to discuss the evolving "build-in vs. build-out" technology framework. Justin…
- Art of Boring
Energy, Gold, and Growth: Current Insights on Canadian Markets | EP 191
Mark Rutherford, co-manager of Mawer's Canadian large cap strategy, discusses the ongoing volatility in oil, the unique role of gold, the outlook for Canadian…
- Art of Boring
Finding Hidden Gems in Emerging Markets | EP 190
Join Peter Lampert, Portfolio Manager of Mawer's Emerging Markets strategy, as he takes you on a journey from Polish meat counters to UAE boardrooms, revealing…
- Art of Boring
Navigating Uncertainty: Global Small Caps, Process Innovation, and AI at Mawer | EP189
In this episode, Karan Phadke, Portfolio Manager for Mawer's global small cap strategy, shares insights on how small caps are navigating trade policy…
- Art of Boring
The Long View: Global Equity Positioning in Uncertain Markets | EP188
In this episode, global equity co-manager, Manar Hassan-Agha, examines how tariff policies have created uncertainty for businesses, particularly impacting…
- Art of Boring
Investment Opportunities in a Changing Military Landscape | EP187
In this episode, we discuss the defense industry's evolution with equity analyst Joshua Samuel. He highlights the historical underinvestment in European…
- Art of Boring
Finding Silver Linings: International Investing Through Trade Policy Turbulence | EP186
In this episode, portfolio manager, Peter Lampert discusses international equities and the impact of tariffs on portfolio management. He provides insights into…
- Art of Boring
Quarterly Update | Q1 2025 | EP185
In this Quarterly episode, Crista Caughlin, lead portfolio manager for Canadian bonds, and Jeff Mo, lead portfolio manager for U.S. midcaps, discuss market…
- Art of Boring
Market Update: April 8, 2025 | EP184
Mawer President and portfolio manager, Jim Hall, discusses the current market environment and the team's approach to risk management. The conversation covers…
- Art of Boring
When Tariff Waves Crash: Maintaining Course in Volatile Markets | EP183
In this episode, U.S. mid cap equity portfolio manager, Jeff Mo, discusses the market's sharp sell-off following President Trump's announcement of widespread…
- Art of Boring
U.S. Equity Insights: The Impact of Policy Shifts and AI | EP182
In this episode, we discuss the early months of the new U.S. administration with Grayson Witcher, lead portfolio manager for the U.S. equity strategy at Mawer…
- Art of Boring
Credit Markets: Risks, Rewards, and the Road Ahead | EP181
In this episode, we discuss credit markets with Brian Carney, lead portfolio manager of the Mawer Global Credit Opportunities strategy. Brian touches on the…
- Art of Boring
A "Balanced" Perspective Amid High Uncertainty | EP180
In this episode, balanced portfolio manager, Steven Visscher, covers 2024 performance, asset allocation decisions, trade uncertainty, potential tariffs, and…
- Art of Boring
Navigating Tariff Tensions in Canada: Risks and Opportunities | EP179
In this episode, we discuss the escalation of U.S./Canada tariff tensions with Mark Rutherford, co-manager of Mawer's Canadian equity strategy. Mark provides…
- Art of Boring
Quarterly Update | Q4 2024 | EP178
In this episode, we discuss 2024's economic landscape and what to expect in 2025, with Crista Caughlin, lead portfolio manager of the Mawer Canadian bond…
- Art of Boring
Canadian Equity: 2024 Overview and Looking Ahead to 2025 | EP177
In this episode we discuss the Canadian equity market with Mark Rutherford, co-manager of Mawer's Canadian equity strategy. Mark highlights the key drivers…
- Art of Boring
Why Invest Outside of the U.S.? The Benefits of EAFE Large Cap | EP176
In this episode, we discuss Mawer's EAFE large cap portfolio with Ian Turnbull, an equity analyst at Mawer. Ian explores the portfolio's diversification…
- Art of Boring
Maintaining an All-Weather Strategy: The U.S. Mid Cap Equity Landscape | EP175
In this episode, we discuss the U.S. mid-cap landscape with Jeff Mo, manager of the U.S. mid cap equity strategy at Mawer. Jeff touches on risk management…