Why the world's most valuable elixir maker may be outmaneuvered by its free-brewing rival!

When you combine solid US aggregate growth, falling interest rates, and reasonable equity valuations (after adjusting for several distortions), it makes global equities fertile ground for investment opportunities. And yet markets have experienced some volatility of late.

In their own way, Macken and Demasi are repeating their version of Buffett’s argument that the structural forces for growth and innovation behind the success of the US are too ingrained in the system to be stuffed up by whichever group of politicians happens to be in Washington.

(As mentioned in the AFR Chanticleer) The MFF Capital Investments boss and Magellan co-founder says the “everything rally” is likely to reverse, but calm, long-term investors can fight through the noise.

(As mentioned in the AFR) Magellan Financial Group co-founder Chris Mackay is reshaping his own Magellan offshoot by snapping up global equities manager Montaka into his $2 billion investment vehicle.

Spotify’s trajectory is the perfect example of a flywheel business. A year ago, we could appreciate it spinning a little faster, benefiting all stakeholders. But as flywheels do, it has only accelerated from there.

The acquisition aims to combine the strengths of both companies while preserving Montaka's independent operations and team structure, offering enhanced resources and long-term stability for investors.

By adjusting for outlier companies and considering R&D spending's impact on earnings, a clearer picture of equity value emerges, challenging the 'expensive equities' narrative.

LVMH is an attractive long-term investment opportunity, thanks to its strong position in the growing high-end luxury market, its customer base's resilience to economic cycles, and what we perceive as current undervaluation by the market. View the investment thesis video here.

Why Today’s Market is Full of Opportunities - Explore the current global investing landscape with insights on inflation, interest rates, and market volatility. Discover why valuations are attractive and how innovative companies like Meta and Amazon are undervalued.

Discover how high R&D spending can make innovative companies like Meta and Amazon appear more expensive than they are. Learn about the ‘Raise & Distort’ effect and why these stocks might still be on sale.

Pundits have offered lots of possible reasons for the recent stock price declines. From new recession fears in the US, to heightened geopolitical risks in the Middle East, to fears that AI has been overhyped and will fail to deliver on elevated expectations.