Quarterly Letter: Q3 2023
Why we believe the future will look different to the past. Why there will be more divergence between winners and losers. And why we believe Montaka’s analysis of evolving global dynamics will continue to be of service to clients. Gain valuable insights into our outlook by reading our Quarterly Update.
Concentrated, patient and disciplined. The 3 pillars of active management outperformance
Learn the importance of concentration, patience, and discipline in active management. By examining real-world examples and empirical research, we shed light on the challenges and opportunities of navigating the complex world of active investing.
Up 100%: 4 reasons why Spotify’s share price resurrection will continue
Spotify’s stock is experiencing a remarkable resurgence, and this article unveils the four key factors driving its continued success. From data-driven innovation to untapped pricing potential, Spotify’s future looks promising.
The 3 Pillars of outperformance | Podcast
Join Andy and Chris in a deep dive into the Three Pillars of Active Management – Concentration, Patience, and Discipline. They draw on empirical research to explain how these three pillars can lead to superior long-term returns for investors.
History shows the stock market can be wildly wrong. Is it now wrong on AI and China?
Explore cases where stock prices diverge from intrinsic value, and learn how to navigate market mispricing by staying focused on business fundamentals. Discover insights on areas of potential mispricing today and the importance of anchoring investment decisions in fundamentals, not stock prices.
Investing in platforms: How to tell the difference between a platform goldmine and a value-destroying ‘trapdoor’
Uncover the secrets to identifying genuine platform businesses and avoiding value-sapping ‘trapdoors’ in the investment realm. Learn the hallmarks of real platform goldmines, how network effects play a pivotal role, and why some companies claiming to be platforms might be deceiving. Navigate the complex world of investments with Montaka’s expert insights.
Quarterly Letter: Q2 2023
In the first half of 2023, the economy, stock market, and Montaka’s portfolio have exceeded expectations. The portfolio’s appreciation led to questions about selling top performers, but we remain steadfast. Read on for insights on resilient stocks, our strategic holdings, and future outlook.
6 Questions: Why we also hold ‘outlier’ stocks like Spotify in our portfolio
Chris shares Montaka’s investment approach, where our portfolio is anchored by both ‘compounder’ stalwarts like Microsoft, and promising ‘outliers’, exemplified by Spotify. Discover how these distinct stock types contribute to Montaka’s forward-looking strategy.
From Wagga to Wall Street. How I became a global equities investor.
Explore the lasting value of global equities in the ever-evolving investment landscape. Andrew Macken, Montaka’s CIO, shares insightful perspectives on why they deserve a place as a cornerstone in your portfolio, drawing from his personal journey of building a career in global equities.
Where to from here after this year’s big rally?
While stock prices of some of the world’s best companies are up a lot this year, they are only just getting back to where they were at the beginning of last year. Don’t be tempted to sell your big tech stocks just yet—this article explains why the recent rally is just the beginning of an extraordinary journey for these companies and their investors.