Intelligent Wealth Podcast

Tony Byrne, Awet Ghirmay, and Carl Roberts
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Intelligent Wealth Podcast is about investing in great businesses with Tony Byrne, Awet Ghirmay, and Carl Roberts. 

  1. JAN 24

    Everyone Is Buying Gold Right Now... Here's The Problem

    Summary In 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. Takeaways Gold 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. Chapters 00:00 The Glittering Rise of Gold 11:15 Gold vs. Fiat: A Historical Perspective 19:01 Investment Strategies: Gold vs. Equities 30:38 Ways to Invest in Gold 35:27 Consensus on Gold Investment 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

    40 min

  2. JAN 10

    Rolls-Royce (RR): Up 2,500% — Still a Buy for Long-Term Investors?

    Summary In 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. Takeaways This 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-Royce 03:14 Company Overview and Historical Context 05:36 Financial Performance and Market Position 10:36 Small Modular Reactors and Future Prospects 20:23 Risks and Challenges Ahead 34:02 Final Thoughts and Investment Considerations Keywords Rolls-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-thunder License code: C4BIIEC6POGUQVDJ 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

    35 min

  3. 12/26/2025

    Is Google a 4 Trillion-Dollar Bargain? Alphabet Stock Deep Dive (AI, Gemini, Cloud, YouTube)

    Summary In 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 Podcast 01:49 Background on Alphabet and Google 03:46 Understanding Alphabet's Share Structure 05:23 Alphabet's Market Performance and Growth 08:58 Alphabet's Diverse Business Ventures 09:04 Awet's Perspective on Alphabet's AI Integration 13:01 The Moats of Alphabet 16:20 The Unique Culture at Google 21:10 Risks Facing Alphabet 28:03 Final Thoughts on Alphabet's Future If 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-thunder License code: C4BIIEC6POGUQVDJ 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

    34 min

  4. 12/12/2025

    Adobe Stock Analysis 2025: Still a Compounder or Past Its Peak?

    Adobe 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 Significance 05:58 Adobe's Historical Performance and Market Position 11:06 Current Challenges and Competitive Landscape 18:02 Future Growth Potential and AI Integration 22:03 Ethical Considerations and User Experience 28:12 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

    31 min

  5. 11/28/2025

    PayPal Stock: Buyback Machine or Broken Moat? (Serious Investor Deep Dive)

    PayPal 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 Landscape 05:15 Historical Performance and Market Position 10:23 Management Changes and Strategic Shifts 14:37 Financial Health and Shareholder Returns 18:49 Competitive Landscape and User Experience 23:02 Future Growth Opportunities and Challenges 25:39 Contrarian Perspectives on Investment Potential 29:03 Conclusion and Final Thoughts If 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/home 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

    31 min

  6. 11/18/2025

    Nova (NVMI): 1,733% Return & The Secret AI “Picks & Shovels” Stock

    Nova 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 Podcast 02:50 Overview of Nova: Company Background 04:24 Performance and Competitive Advantage 09:11 Nova's Role in the Semiconductor Ecosystem 13:30 Investment Timing and Market Dynamics 16:20 Competition and Innovation Risks 19:18 Debt and Capital Allocation Strategies 21:26 Geopolitical and Market Risks 24:15 Valuation Concerns and Market Fluctuations 26:18 Future Growth and Energy Considerations 27:38 Picks and Shovels: Nova's Business Model 29:08 Conclusion and Future Outlook If 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

    30 min

  7. 10/25/2025

    ASML: The Irreplaceable Engine of Modern Chips | Intelligent Wealth Podcast

    ASML (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 Podcast 02:01 Understanding ASML's Business Model 05:01 ASML's Dominance in Semiconductor Manufacturing 08:00 The Importance of Processing Power 10:47 ASML's Market Control and Historical Context 15:13 The Size and Technology of ASML's Machines 16:38 Identifying Risks in ASML's Business 20:20 Valuation and Future Growth Potential 22:43 Geopolitical Risks and Future Wars 26:42 Concluding Thoughts on ASML's Future 🎁 Free 1-Page Company Snapshot: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots Resources & Mentions: 🌐 Minerva Money Management – https://minervamoneymanagement.co.uk 🌐 ASML - https://www.asml.com/en Apple 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

    31 min

  8. 10/07/2025

    Games Workshop: The £4.7B FTSE Giant Investors Can’t Ignore

    In this episode of the Intelligent Wealth Podcast, we deep-dive into Games Workshop, the £4.7B FTSE 100 company behind Warhammer – one of the strongest consumer franchises in the world. 👉 What you’ll learn in this episode: 00:00 Introduction  02:05 Overview of Games Workshop 05:23 Performance and Growth of Games Workshop 09:21 Business Model and Customer Engagement 13:23 Market Position and Competitive Advantages 17:35 Challenges and Future Growth 21:49 Management and Capital Allocation 28:47 Conclusion  If you’d like to get free company snapshots, click here to download: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots Resources & Mentions: 🌐 Minerva Money Management – https://minervamoneymanagement.co.uk 🌐 Games Workshops - https://www.warhammer.com/en-GB/home?srsltid=AfmBOooMibfMV5D9peZInxTMjL5LmX8ccX8rToIi-0q5KaKrsveg8L9R Apple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768 📌 Next Episode → A deep dive into ASML, one of the most important companies in the world of semiconductors. Don’t miss it! 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

    32 min
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About

Intelligent Wealth Podcast is about investing in great businesses with Tony Byrne, Awet Ghirmay, and Carl Roberts. 

Information

  • Creator
    Tony Byrne, Awet Ghirmay, and Carl Roberts
  • Years Active
    2024 - 2026
  • Episodes
    44
  • Rating
    Explicit
  • Copyright
    © 2026 Intelligent Wealth Podcast
  • Show Website
    Intelligent Wealth Podcast