The Capital Cycle Podcast

Chris Wood discusses the AI capital cycle.

Edward Chancellor talks to guest speaker Chris Wood, Global Head of Equity Strategy at Jefferies.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Chris Wood discusses capital cycles across Asia, from Japan to China, since the 1980s.

Edward Chancellor talks to guest speaker Chris Wood, Global Head of Equity Strategy at Jefferies.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Deals based on dreams in the AI world versus cash transactions in the Old World.

Edward Chancellor talks to Charles Carter, a European Equities Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Two Capital Cycles for the price of one in US forestry.

Edward Chancellor talks to Rob Anstey, a US Equities Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Derivative exchanges appear under threat. Are fears justified?

Edward Chancellor talks to Ian Deacon, a US Equities Portfolio Manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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While the capital cycle in autos appears dire, auto glass-making looks altogether different.

Edward Chancellor talks to Yixuan Yang, an Emerging Markets Equities Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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How buybacks are delivering value to shareholders in Japan.

Edward Chancellor talks to Justin Hill, a Japanese Equities Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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De-globalisation and the steel industry.

Edward Chancellor talks to Tytus Zurawski, a European Equities Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Relatively less liquid mega-cap stocks and sector concentration have led to unintended risks for passive investors.

Edward Chancellor talks to Tom Wharram, a North American Equities Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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How Chinese innovators and imitators are threatening Western businesses.

Edward Chancellor talks to Laura Fyfe, an Emerging Markets Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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As the AI theme goes global, opportunity arises in undervalued, tangible assets. 

Edward Chancellor talks to Alex Duffy, an Emerging Markets Fund Manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Opportunities among companies deemed AI losers.

Edward Chancellor talks to Charles Carter, a European Equities Fund Manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A shortage of planes is a boon for leasing companies. 

Edward Chancellor talks to Tom Wharram, a North American Equities Analyst. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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How European aerospace companies lead the world in an attractive capital cycle.

Edward Chancellor talks to Ben Slingsby, an European Equities Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Rising investment appears to be leading to increasing capacity and competition.

Edward Chancellor talks to Tom Wharram, a North American Equities Analyst. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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History tells us that long-term equity returns depend on the starting valuation level.

Edward Chancellor talks to Alex Duffy, an Emerging Markets Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A discussion of Marathon’s first book, published in 2004.

Edward Chancellor talks to Charles Carter, a European portfolio manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The capital cycle in the cardboard box industry.

Edward Chancellor talks to Rob Anstey, a North American Portfolio Manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The rise of Kanzhun’s online recruitment business, Boss Zhipin, in China.

Edward Chancellor talks Kai Chen, an Emerging Markets Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A satire imagining a heated boardroom discussion of AI funding challenges.

Edward Chancellor introduces Stanley Churn’s latest business venture.

Disclaimer:

All characters, names and organisations portrayed are entirely fictional and are not intended to represent or be modelled on any real persons or companies.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The long-term appeal of European utility networks.

Edward Chancellor talks to Ben Slingsby, a European Analyst. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Absolute return potential in Emerging Market stocks.

Edward Chancellor talks Laura Fyfe, an Emerging Markets Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Applying some cold logic to a hot sector.

Edward Chancellor talks to Charles Carter, a European Portfolio Manager. 

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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How a book inspired strategy at Richelieu Hardware.

Edward Chancellor talks to Tom Wharram, a North American Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The industry appears to be entering a favourable turn in its capital cycle.

Edward Chancellor talks to Kai Chen, an Emerging Markets Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Waste management can be a highly lucrative endeavour.

Edward Chancellor talks to Robert Anstey, a North American Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The remarkable revival of Greek banks following a turn in the capital cycle.

Edward Chancellor talks to Laura Fyfe, an Emerging Markets Analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Three contrasting bids in Japan and what this says about evolving shareholder capitalism.

Edward Chancellor talks to Justin Hill, a Developed Asia Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Investors appear highly pessimistic about the value of Platinum Group Metals. They may be wrong.

Edward Chancellor talks to Alex Duffy, an Emerging Markets Portfolio Manager.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The underperformance of smaller capitalisation US stocks leaves valuation multiples at historically high discounts to larger companies. Counter-intuitively, this may reverse in an economic downturn.

Edward Chancellor talks to Tom Wharram, a US analyst at Marathon.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Neil Ostrer reflects on his long career since founding Marathon in 1986. Topics include; the importance of maintaining a long-term investment horizon, the (low) value of broker/banker advice, the false dichotomy between value and growth investment styles, Marathon's investment in industry 'clusters' and how meetings with company management are vital for successful capital-cycle investing.”

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The attractions of the salmon farming industry.

Edward Chancellor talks to Nick Longhurst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The capital cycle in the UK budget hotel industry.

Edward Chancellor talks to Tytus Żurawski.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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How companies which share the benefits of scale with customers win in the long-run compared with value extractive rivals. 

Presented by Edward Chancellor with Alice Li, an investment analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A French technology champion which has undergone a valuation de-rating and merits investor attention. 

Presented by Edward Chancellor with Jordane Guillot, an investment analyst.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A review of several smaller capitalization Emerging Markets investments which remain out of favour in today’s highly concentrated markets.

Presented by Edward Chancellor with Laura Fyfe, Analyst Emerging Markets

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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A look back at how the investment banking species has evolved into its modern day form of alternative investment manager. The story is told through the career of Stanley Churn, Marathon’s satirical archetype of an investment banker.

Presented by Edward Chancellor with Charles Carter, Portfolio Manager Europe

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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The risks behind the biggest gamble in business history. Presented by Edward Chancellor with Kai Chen, Analyst Emerging Markets.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Are we any nearer to the end of a long cycle of small cap relative underperformance in the US?

Presented by Edward Chancellor with Robert Anstey, Portfolio Manager North America.

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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Investor sentiment towards these two Emerging Markets is now widely divergent. Where does the best value lie?

Presented by Edward Chancellor

With Alex Duffy, Portfolio Manager Emerging Markets

For more information, or to access select articles from Marathon’s Global Investment Review publications which accompany this podcast series, please visit www.thecapitalcycle.co.uk

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