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.
The Potioneer’s Gambit
Why the world’s most valuable elixir maker may be outmaneuvered by its free-brewing rival!
When you factor in R&D, innovator stocks like Amazon and Meta are still on sale
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.
Up 30% in a quarter? The mindset needed to successfully invest in transformational stocks
Investors in transformative businesses such as Amazon, Tencent and Meta, need to be prepared for the inherently uneven ‘lumpy’ returns of these businesses.
Update from the PMs – December 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.
Update from the PMs – November 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.
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.
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.
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.