Podcast
Intelligent Wealth Podcast
Hosted by Tony Byrne, Awet Ghirmay, and Carl Roberts · EN
Intelligent Wealth Podcast is about investing in great businesses with Tony Byrne, Awet Ghirmay, and Carl Roberts.
23episodes
Episodes
Newest firstAll episodes
BP: A Turnaround Opportunity or a Long-Term Value Trap?
Apr 300:31:12Tap to summarizeBP’s share price is no higher today than it was over two decades ago — so why are investors starting to look at it again?In this episode of the Intelligent Wealth Podcast, we explore whether BP could be a genuine turnaround opportunity or simply a long-term value trap.We discuss the company’s historical performance, including its lack of share price growth despite strong cash flow and consistent dividends. We also compare BP to major competitors such as Shell and ExxonMobil, and examine why it has underperformed in recent years.The conversation covers BP’s strategic shift back towards oil and gas, the role of new leadership and activist investors, and how global energy demand and geopolitics could impact the company’s future.We also break down key financial metrics, including valuation, returns on capital, and dividend yield, before sharing our personal views on whether BP is worth considering as an investment today.⚠️ DisclaimerThis podcast is for informational and educational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Amazon Stock: AI Goldmine or $200B Mistake?
Apr 300:29:51Tap to summarizeAmazon is investing heavily in artificial intelligence, with plans to spend tens of billions on data centres and infrastructure. But is this a smart long-term strategy — or a potential risk for investors?In this episode of the Intelligent Wealth Podcast, we take a closer look at Amazon’s business model beyond retail, including the importance of Amazon Web Services (AWS), its growing advertising segment, and its expanding ecosystem.We also explore the company’s financials, including valuation metrics, cash flow, and returns on capital — and discuss whether Amazon’s increasing capital intensity could impact future performance.Along the way, we examine the opportunities and risks around AI, competition in cloud computing, and whether Amazon can continue to deliver long-term shareholder value.Finally, we each give our personal view on whether Amazon is a buy right now.⚠️ DisclaimerThis podcast is for informational and educational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Is Shopify Stock Overvalued Right Now? A Deep Dive into the Risks and Opportunities
Apr 300:28:44Tap to summarizeIs Shopify stock overvalued right now, or does it still have long-term growth potential?In this episode of The Intelligent Wealth Podcast, we take a deep dive into Shopify (SHOP) and analyse whether the current valuation is justified.Shopify powers a significant portion of global e-commerce and has built a powerful ecosystem for millions of businesses. But with strong growth expectations already priced in, investors must ask — is the stock becoming too expensive?In this episode, we cover:• Shopify’s business model and competitive advantages • The strength of its ecosystem and pricing power • Key risks including valuation and competition • The impact of AI and the future of e-commerce • Whether we would personally invest — and our scores out of 10This episode is ideal for anyone researching Shopify stock or looking to better understand how to evaluate high-growth companies.⚠️ This podcast is for informational purposes only and does not constitute financial advice. Always do your own research before investing.Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Everyone Is Buying Gold Right Now... Here's The Problem
Jan 2400:39:38Tap to summarizeSummaryIn this episode of the Intelligent Wealth podcast, the hosts delve into the intriguing world of gold as an investment, particularly in light of its recent price surge. They discuss the historical performance of gold, comparing it to global equities and examining its role as a hedge against inflation and economic uncertainty. The conversation highlights the significant returns gold has provided over the last century, while also addressing the volatility and risks associated with investing in gold versus other asset classes. The hosts emphasise the importance of understanding the dynamics of gold investment, including the differences between physical gold, ETFs, and gold mining shares, and the implications of current economic conditions on gold prices.The discussion also touches on the geopolitical factors influencing gold demand, such as central banks increasing their gold reserves amid rising global debt and inflation. The hosts share their personal views on whether now is a good time to invest in gold, ultimately agreeing on a cautious approach with a small allocation in gold as part of a diversified portfolio. The episode concludes with a promise of future discussions on other investment opportunities, such as Shopify, while encouraging listeners to conduct their own research before making investment decisions.TakeawaysGold has seen a 65% return over the last year.Investing in gold can be a hedge against inflation.Gold's historical performance shows it preserves value over time.Chapters00:00 The Glittering Rise of Gold11:15 Gold vs. Fiat: A Historical Perspective19:01 Investment Strategies: Gold vs. Equities30:38 Ways to Invest in Gold35:27 Consensus on Gold InvestmentDisclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Rolls-Royce (RR): Up 2,500% — Still a Buy for Long-Term Investors?
Jan 1000:35:06Tap to summarizeSummaryIn this episode of the Intelligent Wealth podcast, the hosts discuss Rolls-Royce, focusing on its transformation from a struggling company to a promising player in the aerospace and defense sectors. They explore the company's financial performance, the potential of small modular reactors, and the risks associated with its future. The conversation emphasises the importance of management execution and the company's position in a competitive market.TakeawaysThis podcast is for serious investors interested in company insights.Rolls-Royce is not just about luxury cars; it's an engineering company.The company has a history of bankruptcy and nationalisation but is now thriving.Management changes have led to noticeable improvements in performance.Rolls-Royce's share price has seen a significant turnaround post-COVID.Small modular reactors represent a future growth area for the company.The defense sector is becoming increasingly important for Rolls-Royce.Execution by management is crucial for future success.The company operates in an oligopoly in the aerospace sector.Investors are optimistic due to a growing backlog of defense contracts.Chapters:00:00 Introduction to Rolls-Royce03:14 Company Overview and Historical Context05:36 Financial Performance and Market Position10:36 Small Modular Reactors and Future Prospects20:23 Risks and Challenges Ahead34:02 Final Thoughts and Investment ConsiderationsKeywordsRolls-Royce, investment, aerospace, defense, small modular reactors, financial performance, risks, management, market trends, energy solutions📌 Links & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 Rolls Royce - https://www.rolls-royce.com/Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-thunderLicense code: C4BIIEC6POGUQVDJDisclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Is Google a 4 Trillion-Dollar Bargain? Alphabet Stock Deep Dive (AI, Gemini, Cloud, YouTube)
Dec 2600:33:46Tap to summarizeSummaryIn this episode of the Intelligent Wealth Podcast, hosts Tony Byrne, Awet Ghirmay, and Carl Roberts delve into Alphabet Inc., the parent company of Google. They discuss Alphabet's impressive growth trajectory, its diverse business ventures, and the unique share structure that allows for both employee incentives and control by founders. The conversation highlights Alphabet's competitive advantages, including its strong market position and innovative culture, while also addressing the risks the company faces, particularly regarding regulation and the need to monetize its investments in AI. The hosts conclude with an optimistic outlook for Alphabet's future, emphasizing its potential to thrive in the evolving tech landscape.Takeaways:Alphabet is a leading company with a market cap around $4 trillion.The company has a unique share structure with Class A and Class C shares.Alphabet's growth has been impressive, with a 92% increase in share price over the last year.The company is heavily reliant on Google search for revenue, but is diversifying into AI and cloud services.Alphabet's culture fosters innovation and risk-taking, which is crucial for its success.Regulatory risks are significant for Alphabet due to its size and market dominance.The company is investing heavily in AI and cloud infrastructure, which may not show immediate profitability.Alphabet's founders remain involved, contributing to its innovative culture.The potential for drug discovery and healthcare applications is a significant growth area for Alphabet.Despite current valuation concerns, Alphabet's long-term growth prospects remain strong.Chapters:00:00 Introduction to the Intelligent Wealth Podcast01:49 Background on Alphabet and Google03:46 Understanding Alphabet's Share Structure05:23 Alphabet's Market Performance and Growth08:58 Alphabet's Diverse Business Ventures09:04 Awet's Perspective on Alphabet's AI Integration13:01 The Moats of Alphabet16:20 The Unique Culture at Google21:10 Risks Facing Alphabet28:03 Final Thoughts on Alphabet's FutureIf you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.📌 Links & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 Alphabet inc - https://abc.xyz/investor/Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-thunderLicense code: C4BIIEC6POGUQVDJDisclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Adobe Stock Analysis 2025: Still a Compounder or Past Its Peak?
Dec 1200:31:20Tap to summarizeAdobe stock analysis (ADBE) – is this creative software giant now a quality bargain after a ~30% share price decline, or a value trap in the age of AI, Canva and Figma?In this episode of the Intelligent Wealth Podcast, fund manager Tony Byrne is joined by Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research at Minerva Money Management) for a deep dive into Adobe’s business, valuation and long-term return potential.We cover: 00:00 Introduction to Adobe and Its Significance05:58 Adobe's Historical Performance and Market Position11:06 Current Challenges and Competitive Landscape18:02 Future Growth Potential and AI Integration22:03 Ethical Considerations and User Experience28:12 Final Thoughts and Predictions for Adobe's Future📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots📌 Links & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 Adobe - https://www.adobe.com/uk/Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →PayPal Stock: Buyback Machine or Broken Moat? (Serious Investor Deep Dive)
Nov 2800:31:11Tap to summarizePayPal is hugely profitable, buying back billions of dollars of stock, and trading at one of the lowest valuations in its history. In this episode, we ask whether PYPL is a smart contrarian bet for serious investors – or a value trap in a brutally competitive payments market.We dig into:00:00 Introduction to PayPal and Its Current Landscape05:15 Historical Performance and Market Position10:23 Management Changes and Strategic Shifts14:37 Financial Health and Shareholder Returns18:49 Competitive Landscape and User Experience23:02 Future Growth Opportunities and Challenges25:39 Contrarian Perspectives on Investment Potential29:03 Conclusion and Final ThoughtsIf you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots📌 Links & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 PayPal - https://www.paypal.com/uk/homeDisclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →Nova (NVMI): 1,733% Return & The Secret AI “Picks & Shovels” Stock
Nov 1800:30:20Tap to summarizeNova Ltd (NASDAQ: NVMI) has delivered a 1,733% total return since listing – but is there still upside from here, or are investors late to the party?In this episode of the Intelligent Wealth Podcast, Tony Byrne sits down with colleagues Carl Roberts and Awet Ghirmay from Minerva Money Management to break down Nova Ltd, the semiconductor metrology specialist sitting at the heart of the AI and chip boom.We discuss:00:00 Introduction to Intelligent Wealth Podcast02:50 Overview of Nova: Company Background04:24 Performance and Competitive Advantage09:11 Nova's Role in the Semiconductor Ecosystem13:30 Investment Timing and Market Dynamics16:20 Competition and Innovation Risks19:18 Debt and Capital Allocation Strategies21:26 Geopolitical and Market Risks24:15 Valuation Concerns and Market Fluctuations26:18 Future Growth and Energy Considerations27:38 Picks and Shovels: Nova's Business Model29:08 Conclusion and Future OutlookIf you’re an experienced, long-term investor looking for quality businesses with durable advantages, this deep dive into Nova could be a useful part of your research.📄 Want our 1-page company snapshots? Grab them here: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots📌 Links & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 Nova - https://www.novami.com/Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →ASML: The Irreplaceable Engine of Modern Chips | Intelligent Wealth Podcast
Oct 2500:31:05Tap to summarizeASML (AMS/NASDAQ: ASML) powers the world’s most advanced chips. In this episode of the Intelligent Wealth Podcast, Tony Byrne (Fund Manager), Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research) break down ASML’s EUV monopoly, why TSMC/Intel/Samsung depend on it, the 70/30 revenue mix (systems vs services), backlog, buybacks, valuation, and the big risks (customer concentration, supply chain, geopolitics, and “what’s next” tech shifts).Why it matters for serious investors: ASML sits at the “picks & shovels” layer of the AI and semiconductor supercycle. From EUV dominance and 14k+ patents to a growing services flywheel, we discuss whether today’s premium is justified and how to think about long-term returns.Keypoints:00:00 Introduction to ASML and the Podcast02:01 Understanding ASML's Business Model05:01 ASML's Dominance in Semiconductor Manufacturing08:00 The Importance of Processing Power10:47 ASML's Market Control and Historical Context15:13 The Size and Technology of ASML's Machines16:38 Identifying Risks in ASML's Business20:20 Valuation and Future Growth Potential22:43 Geopolitical Risks and Future Wars26:42 Concluding Thoughts on ASML's Future🎁 Free 1-Page Company Snapshot: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshotsResources & Mentions:🌐 Minerva Money Management – https://minervamoneymanagement.co.uk🌐 ASML - https://www.asml.com/enApple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768📌 Next Episode → A deep dive into Nova Measuring Instruments, a provider of metrology devices for advanced process control used in semiconductor manufacturing. Turn on to receive the notifications! Thank you all for listening, and let us know what you think in the comments! Disclaimer:The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice. --------------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/abbynoise/night-...License code: C4BIIEC6POGUQVDJ
Transcribe →