Baroness Morrissey is one of Britain’s most successful investors, becoming CEO of Newton Investment Management at the age of 35, and more than doubling its size over 15 years. She was also Wilf’s first CEO – he started his career at Newton. 

In this episode, Helena outlines how she’s managed to be so successful, reflecting on why the trade that made her career – buying UK Gilts in the late 90s before Bank Of England independence led to a massive rally - taught her to seize the moment.

As a founder of The 30% Club and Chair of The Diversity Project, she also discusses where the DEI movement lost its way, including its failure to highlight the improved outcomes of diversity of thought. Plus, her career advice, particularly for women: “leap before you look.”

Helena also suggests what the UK government needs to do to bring London back as a leading financial centre, and expresses caution over the current US market, which is in bubble territory.

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel

And follow @WilfredFrost on X and Linked In

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Nick Clegg, former UK Deputy Prime Minister and President of Global Affairs at Meta, joins Wilfred Frost on The Master Investor Podcast to discuss politics, leadership, and the future of technology. In this wide-ranging conversation, Clegg explains why he believes Britain has 'fallen out of love with the future', the differences between US and UK attitudes to growth, why China might beat America in the AI race, and why he is skeptical about the AI hype in general.

Clegg expresses his discomfort at how close tech leaders have gotten to the Trump administration and tells Silicon Valley to “man up and grow some”. He believes free speech IS under threat in the UK, and that politics is much harder than business.

During the interview Wilf and Nick discussed the ongoing case in the US relating to the suicide of Adam Raine on 11 April 2025 having interacted with ChatGPT. Here is a statement provided to CNBC by an OpenAI spokesperson: 

“We are deeply saddened by Mr. Raine’s passing, and our thoughts are with his family. ChatGPT includes safeguards such as directing people to crisis helplines and referring them to real-world resources. While these safeguards work best in common, short exchanges, we’ve learned over time that they can sometimes become less reliable in long interactions where parts of the model’s safety training may degrade. Safeguards are strongest when every element works as intended, and we will continually improve on them. Guided by experts and grounded in responsibility to the people who use our tools, we’re working to make ChatGPT more supportive in moments of crisis by making it easier to reach emergency services, helping people connect with trusted contacts, and strengthening protections for teens.” 

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel

And follow @WilfredFrost on X and Linked In

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Former UK Prime Minister Liz Truss warns that Britain is heading for calamity, with government too big and unaccountable. In this in-depth conversation, she defends the tax-cutting agenda she championed in 2022, backs the Labour government’s trade deal with President Trump, and explains why she has no sympathy for Chancellor Rachel Reeves. Truss also shares why she doesn’t think Kemi Badenoch will ever become Prime Minister.

Reflecting on the fallout from the September 2022 mini-budget, she debates with Wilf who was ultimately responsible for the market turmoil that defined her short time in office.

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel

And follow @WilfredFrost on X and Linked In

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Billionaire investor Jim Mellon, and co-founder of The Master Investor Podcast chats with Wilf about why he is surprised the US market has been so resilient in the face of multiple challenges, and why he continues to see much greater opportunity elsewhere. They discuss the risks of the US debt crisis, why Jim is cautious on the Mag7 tech giants, and where real opportunities lie in China, UK, silver, lithium, robotics, and quantum computing. Jim also shares lessons from his early investments, his approach to diversification and risk, and the importance of reading and research.

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel

And follow @WilfredFrost on X and Linked In

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Tom Lee remains a Bitcoin bull, confident it could one day hit $1M—but he’s even more bullish on Ethereum. In this episode, he explains why Bitcoin’s main appeal is as a store of value, while Ethereum is set to become the backbone of real-world applications. From tokenization outside the US to Wall Street building the infrastructure of the future on Ethereum, Tom breaks down why ETH could surpass Bitcoin’s total network value.

Follow Tom on X: @Fundstrat

And his colleague Mark on X: @MarkNewtonCMT

To subscribe to Tom’s research, visit: https://fsinsight.com/our-services/

And learn more about his ETF here: https://grannyshots.com/

And his Ethereum treasury company here: https://www.bitminetech.io/

Please note that Tom has personal positions in these companies, and the content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel

And follow @WilfredFrost on X and Linked In

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Tom Lee, founder of Fundstrat Global Advisors, tells Wilf why he thinks the stock market is entering the start of a new 10-year bull run. Tom explains how demographics drive that conviction, while he thinks people are overly concerned about inflation, but that maintaining Federal Reserve independence is critical. He outlines why understanding the companies you invest in is more important than ever and shares his views on top picks like Palantir and JPMorgan Chase. Wilf and Tom also cover the warning signs he watches for when calling a market top, which aren’t flashing yet. Crypto fans, don’t miss tomorrow's bonus episode, where Tom joins Wilf again to dive into his bullish case for Ethereum and Bitcoin.

Follow Tom on X: @Fundstrat

And his colleague Mark on X: @MarkNewtonCMT

To subscribe to Tom’s research, visit: https://fsinsight.com/our-services/

And learn more about his ETF here: https://grannyshots.com/

And his Ethereum treasury company here: https://www.bitminetech.io/

Please note that Tom has personal positions in these companies, and the content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor Podcast YouTube channel. 

And follow @WilfredFrost on X.

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Liz Ann Sonders is Chief Market Strategist at Charles Schwab, which manages $11 trillion in client assets. On this week's show she breaks down the current market complacency to Wilf, and explains why investors should pay attention to what small stocks and under-the-surface factors are signaling beneath the S&P 500 and away from mega cap stocks like Nvidia. She also discusses why valuations aren’t a reliable market timing tool, the latest inflation and labor market data - with recent revisions reminding her of 2007/08. She also discusses how her job has changed with shorter investor time horizons and how retail traders are gaining influence. Finally, she shares her top investment advice and insights for navigating today’s markets.

Read Schwab’s report on US inflation here:

https://www.schwab.com/learn/story/inflation-heat-is-on

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel. 

And follow @WilfredFrost on X.

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

Larry McDonald, author of The Bear Traps Report newsletter, former Lehman trader, and NYT bestselling author of A Colossal Failure of Common Sense is one of the best connected men in markets globally. Drawing on lessons from legends like Charlie Munger, David Tepper, and David Einhorn — all featured in his new book How To Listen When Markets Speak — Larry explains his view that the 'serpent of inflation is nowhere near dead', what that means for your portfolio construction, why passive investing could break the market and his fears for Meta’s share price. He also shares his top investing principles: avoid over-trading and wait patiently for moments of true capitulation.

To sign up to Larry's daily newsletter - The Bear Traps Report - please email [email protected]

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel. 

And follow @WilfredFrost on X.

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

This week, Wilf talks to Thomas Peterffy, the digital trading pioneer and founder of Interactive Brokers. With a personal fortune of over $75bn, Peterffy is one of the most successful entrepreneurs of all time. Arriving in the US from communist Hungary at 22 with no English, he embodies the American Dream. In this conversation, he defends capitalism and Donald Trump, reflects on building a $100bn business, and reveals his simple secret to success: using technology to deliver better, cheaper products for customers.

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel. 

And follow @WilfredFrost on X.

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.

This week, Wilf sits down with legendary investor and Bridgewater founder Ray Dalio to discuss the growing risks in global debt markets, the complacency he sees in bond pricing, and the warning signals beginning to flash. Dalio shares how he's positioning his own portfolio with gold and a small amount of Bitcoin, and why he believes the Magnificent 7 stocks are looking expensive. He also reflects on historical patterns of collapse, currency devaluation, and what it will take for the UK and US to navigate what's coming.

The content of The Master Investor Podcast is for informational purposes only and does not constitute financial, investment, or other professional advice. Always seek independent financial advice before making investment decisions

You can watch the full video on The Master Investor YouTube channel. 

And follow @WilfredFrost on X.

This podcast is produced by Paradine Productions, The Master Investor Podcast Ltd in association with Bird Lime Media.