Citywire: Mistakes Were Made

Ep. 39: Morgan Housel and Chris Davis

Veteran fund manager Chris Davis and best-selling author Morgan Housel share some of their worst investment mistakes and the lessons they learned from these errors. In short, buying and holding great stocks is much harder than you think! 

8 Jun 2023 33 min

Ep. 38: Joe Wiggins

Are humans completely prone to investment mistakes? Behavioural investment expert Joe Wiggins believes there are a multitude of traps even the most hardened of investor will fall into, so what can you do about it? In the final episode of the series, Wiggins, who has worked across major UK institutions…

8 Dec 2022 38 min

Ep. 37: Desiree Fixler

The truth path to ESG enlightenment is not paved with positive intentions but must be drilled home by the threat of meaningful punishment. That is the view of ESG expert Desiree Fixler, who oversee the sustainability efforts at DWS before being ousted and ultimately outlining what she saw as misaligned…

1 Dec 2022 28 min

Ep. 36: Howard Marks

Where are we in the market cycle? Legendary investor Howard Marks, co-founder and co-chairman of Oaktree Capital Management, shares his observations and discusses where the 'pendulum' may be heading in this interview with Alex Steger and Alex Rosenberg. Recorded live in San Francisco on November 17th.

23 Nov 2022 50 min

Ep. 35: John Kampfner

Politicians have never been under greater scrutiny, but it is important to work out whether they are mad, bad, irrational or a hostage of fate. In a special Mistakes Were Made recorded at Citywire Berlin 2022 with author and commentator John Kampfner, which came after the political expert had shared…

17 Nov 2022 23 min

Ep. 34: Andrew Beer

Dynamic Beta investments' Andrew Beer is having a banner year with his managed futures strategy up big while just about everything else is down. But he’s not always been on the right side of a major bubble burst, as explains to Frank and Alex.

10 Nov 2022 33 min

Ep.33: Hugh Young

Abrdn’s Hugh Young is open about the mistakes and challenges that have afflicted him during his four decades of building his noteworthy presence in the Asian market. From picking hot stocks at the exact wrong moment to his long-considered concerns about the Chinese growth story. In this latest episode, the…

3 Nov 2022 27 min

Ep. 32: Rajiv Jain

GQG Partners' CIO and star fund manager Rajiv Jain explains how an aversion to energy cost him big, that it's vital for fund managers to have skin in the game, and why PM turnover isn't always a bad thing. Plus, Investor Amnesia's Jamie Catherwood drops by to tell us about…

27 Oct 2022 30 min

Ep. 31: Josh Brown & Michael Batnick

A Jamba Juice SPAC, insane trading costs, and a 19th century Fyre Festival... this podcast has it all! Ritholtz Wealth Management’s Josh Brown, Michael Batnick, plus Investor Amnesia’s Jamie Catherwood join the Mistake Were Made crew for a killer episode to kick off season four.

20 Oct 2022 34 min

Ep. 30: Nick Clay

When does it make sense to stand up to your risk manager? For income outperformer Nick Clay it is when you are being strong-armed into doubling your stake in a company you have little faith in. In the last episode of this season, Clay, who works for UK boutique Redwheel,…

2 Jun 2022 34 min

Ep. 29: Mark Dowding

From infiltrating an ECB press conference to trying to side-step stampeding crowds, Mark Dowding is at the forefront of fixed income’s many moving parts. In this latest episode, the bond chief for RBC-owned BlueBay Asset Management, digs into where he feels both he, and the wider market, are prone to…

26 May 2022 34 min

Ep. 28: Christine Benz

Maybe our most honest guest yet? Could be! Morningstar’s Christine Benz shares not one but four investments mistakes from her time as a fund analyst and director of personal finance. No spoilers, but Mark Mobius, Janus 20, and market timing all make an appearance.

19 May 2022 39 min

Ep. 27: Jason Hsu

From ‘Tiger mum’ regulators to emotional stock pickers, there is a lot that Western investors (including Frank!) don’t understand about Chinese markets. Rayliant Global Advisors’ CIO Jason Hsu joins Mistakes Were Made to educate us (and the rest of the Western hemisphere) about China.

12 May 2022 33 min

Ep. 26: Jean-François Hautemulle

Fund industry stalwart Jean-François Hautemulle talks about the challenges faced by both fund selectors and companies trying to put exciting ideas in front of them. As part of this discussion, the UniCredit and JPM Asset Management veteran, also outlines lessons on dealing with big egos and misguided expectations.

5 May 2022 30 min

Ep. 25: Peter Kraus

Aperture Investors’ founder Peter Kraus takes aim at a major failing he thinks is hurting asset management industry, as well as his own slow response to the need for a serious shift in mentality. The former AB chief also talks about other elements of engrained thinking that could be deemed…

28 Apr 2022 29 min

Ep. 24: Mark Warburton

Queens Park Rangers manager Mark Warburton explains why he gave up a lucrative career in the City to pursue his dream of being a football coach. We also talk footballers and investments. Trigger warning: NFTs, property, and tax schemes may be mentioned!

21 Apr 2022 34 min

Ep. 23: Bill Gross

‘Bond King’ Bill Gross reveals regrets about joining Janus, ponders a bund blunder, shares the secret to being a star manager, and tells the tale of a bump into Trump. Plus so much more!

14 Apr 2022 37 min

Ep. 22: Dan Davidowitz

A false start with Nike, pumping the brakes on O'Reilly Auto Parts, and the stress of starting out as a deep value guy… …Polen Capital’s growth guru Dan Davidowitz shares some early (and much more recent) mistakes from his investment career, and the lesson he’s learned.

7 Apr 2022 31 min

Ep. 21: Martin Gilbert

Martin Gilbert, co-founder and former CEO of Aberdeen Asset Management, looks back (not so fondly) on a high-profile scandal, warns about PE valuations, and shares the qualities he looks for in a fund manager.

31 Mar 2022 29 min

Ep. 20: The major lessons from this season’s guests

In a special episode, Alex, Frank and Chris run the rule over the nine investment heavyweights who joined the Mistakes Were Made podcast for season two. From major operators who came unstuck by options to those who were left reeling by wildly ambitious trades early in their careers, we dissect…

2 Dec 2021 21 min