Insights
Whitepaper: Where Advantages Lie (and Lie) in the Age of AI
Agentic AI is changing how investors think about software, cloud computing and digital business models. Montaka’s latest whitepaper examines why some AI disruption fears may be overstated, and where durable competitive advantages may strengthen.
Quarterly Update: Q1 2026
The significant geopolitical conflict in Iran dominated Q1 of 2026. At the same time, many stocks had their valuation multiples rapidly revised down. Investors now face 2 key questions: Which businesses deservedly declined because they were overvalued? And which businesses were sold off too harshly and are on sale?
Update from the PM – April 2026
Short-term volatility in stock prices is never pleasant. But the good news is that we believe this volatility is creating significant investment opportunities. This becomes clear when we perform detailed bottom-up analysis of several competitively advantaged businesses and we find their earnings power remains strong.
The rearmament supercycle: Why Montaka invested in BAE Systems
A global shift in security dynamics is creating a rearmament supercycle. As nations move away from US-backed security, defence expenditures are set to rise for the next decade. Discover why Montaka has invested in BAE Systems, a leading global defence contractor, to capitalize on this structural trend and how its unique global footprint, strong order book, and asymmetric upside make it a compelling addition to our portfolio in this evolving geopolitical landscape.
Price vs Value: The Best Companies in the World Are on Sale
In a volatile market, it’s easy to focus on falling prices. However, as Warren Buffett taught us, price is not the same as value. In this article we explore the significant disconnect between the recent share price declines of world-class companies and their sustained, robust earnings growth. Find out why we believe this presents a unique opportunity to invest in durable, competitive advantages at a discount.
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.