Update from the PMs – April 2025
It’s been an extraordinary few weeks. While US equities fell sharply, European equities were booming (at least, prior to Trump’s sweeping tariff announcements).
5 reasons why Europe’s stock rally may not live up to expectations
Europe’s stock rally faces headwinds: weak ROEs, overregulation, aging demographics, security risks, and political fragmentation. Short-term fiscal boosts may not offset long-term challenges.
Unveiling Hidden Value: How 3 Distortions Mask The True Worth Of ‘Advantaged’ Stocks
If you’re wondering whether the market’s ‘fear of heights’ is justified, this whitepaper is a must-read. It challenges conventional wisdom and provides a fresh perspective on how to identify undervalued, high-growth stocks.
Update from the PMs – March 2025
We’ve seen a continuation of short-term equity market unpredictability over recent weeks. While this is ever present, for sure, it’s exacerbated by the modus operandi of the new Trump Administration.
Invest in Better Businesses in Better Neighborhoods
Explore Montaka’s investment philosophy, drawing parallels with Blackstone’s shift from classic value investing to targeting “better businesses in better places.” This article delves into two high-growth sectors: alternative asset management and enterprise digital transformation.
Update from the PMs – February 2025
We take a step back and consider from first principles some of the prevailing questions on equity markets from 2024: Are valuations too high? Are markets heading for a correction? Or should investors stay the course?
The Tyranny of the Narrative: Why Long-Term Investors Should Ignore the Headlines
Short-term narratives like the 2022 “Year of Oil” and “Tech Wreck” misled investors, but those who focused on long-term principles emerged victorious. Learn why ignoring the headlines is crucial for long-term success.
Quarterly Letter: Q4 2024
This insightful quarterly update sheds light on our evolved investment strategy which focusses on ‘advantaged’ businesses within structural transformations. Also learn about the four major cyclical upswings expected in 2025.
Update from the PMs – January 2025
Long summer days are perfect for catching up on the best content of the year just gone. And in this post, we’ve got you covered with just that + our Q4 2024 letter.
Ignore the gloomy news, Google’s advantages are growing
Explore how Google is transforming Search through AI, reducing costs by 90%, launching innovative features, and creating unprecedented competitive advantages that redefine the tech landscape.
