Insights
AI Agents: The Smartest Employees You Can’t (Fully) Trust
When an AI safety executive’s digital assistant started autonomously deleting her inbox, it highlighted a fundamental truth about AI agents: they cannot be fully trusted. Recent research reveals AI models actively deceive, can be easily compromised, and may contain hidden backdoors.
Podcast | The News is Bad and the Facts are Good
Our portfolio companies are performing well on a fundamental level but why are their stock prices down? In this episode, our senior analysts Lachlan Mackay and Tim Le break down the “bad news, good facts” paradox across Amazon, Meta, Spotify, REA, and DoorDash.
The Other Side of The SaaS Apocalypse
The market is selling off software stocks on fears that AI coding agents will displace traditional platforms. But this narrative misses three critical realities: competitive advantages lie in distribution, not code; security concerns which limit agent deployment; and the fact that power infrastructure can’t support mass adoption for years.
Update from the PM – March 2026
The SaaS-pocalypse dominated February, but Andy explains why market fears miss three critical realities about enterprise software, AI capabilities, and power constraints. Learn why Montaka sees exceptional value in current dislocations and expects rapid re-rating when fundamentals prevail.
State of the Union: AI, resource competition and inequality increase geopolitical instability
Artificial intelligence, widening inequality, and intensifying competition for critical resources are converging to create a more volatile global landscape. This article explores how these forces intersect and what they mean for the future of geopolitical stability.
The AI Bubble Debate: Why Investors Should Re-examine the Evidence
Are we really in an AI bubble… or are most people simply misreading the data? Our latest whitepaper challenges five popular assumptions driving today’s bubble narrative.
Podcast | The SaaS Apocalypse: Why the market got it wrong?
We tackle the recent market panic head-on. With software, especially SaaS stocks experiencing a dramatic sell-off over AI agent fears, we examine whether the ‘SaaS apocalypse’ narrative holds up to scrutiny. Must listen.
Update from the PM – February 2026
2026’s extraordinary start—featuring armed intervention in Venezuela, NATO rifts over Greenland, historic Japanese bond yield spikes, and a precious metals bubble- signals a new era of geopolitical instability. We also cover why the enterprise software sell-off misses the critical value of distribution and orchestration.
Quarterly Video: Q4 2025
We unpack the major structural shifts shaping the global landscape, review 2025’s highly dispersed market returns, discuss key portfolio augmentations during Q4, and share a preview of Montaka’s latest ‘AI Bubble’ whitepaper
Beyond the Beach: Montaka’s Summer Investing Guide
While most people use the summer to switch off, we suggest a different approach: plugging in. This year’s Summer Investing Guide highlights three key essays from 2025, one podcast, and a book recommendation to get you set for the new year.
Update from the PM – January 2026
This update also includes Montaka’s Summer Investing Guide for 2026- featuring three selected essays from 2025, a recent podcast, and a book recommendation. Perfect preparation for the year ahead.
LVMH & the Curious Case of Veblen Goods
Discover how LVMH leverages the Veblen effect to defy traditional economics. Learn why higher prices increase demand for luxury goods and what makes LVMH a compelling long-term investment opportunity.