Monthly Archives: January 2016

  • What are some of the risks with big bank shares?

    Stuart Jackson
    January 31, 2016

    Recently we received a question in writing from one of our investors expressing concern about bank shares in which Montgomery Funds have recently acquired some exposure. Stuart Jackson devoted a little time to answer so we share it with you here. Continue…

    by Stuart Jackson Posted in Financial Services.

  • What to do with your equity portfolio in 2016?

    Roger Montgomery
    January 29, 2016

    In Roger’s first article for 2016, he counsels investors to focus on companies which retain capital and generate handsome returns on that capital and not worry about where the markets are heading in 2016. Read here. 

    by Roger Montgomery Posted in On the Internet.

  • What is the Lindy Effect?

    Tim Kelley
    January 29, 2016

    The Lindy effect is a theory on the life expectancy of non-perishable things. The concept is that for certain types of non-perishable things, the remaining life expectancy can be estimated from the amount of time something has already been around, with increasing age implying increasing remaining life expectancy. This clearly doesn’t work for living organisms, whose remaining life expectancy declines the longer they have been around, but it can provide a useful perspective on non-living things like ideas, technologies, businesses, buildings etc. For example, if a book has been in print for 40 years, you might reasonably expect it to be in print for another 40 years. Continue…

    by Tim Kelley Posted in Insightful Insights.

  • Value Investing Series, Part 3

    Roger Montgomery
    January 28, 2016

    If you are interested in learning about value investing, last year we recorded a podcast series with 2GB.  Today we share Part 3, of a six-part series. Continue…

    by Roger Montgomery Posted in Insightful Insights, Investing Education, Value.able.

  • Are you considering the downside risk?

    Scott Shuttleworth
    January 28, 2016

    It’s common knowledge that for a well-diversified portfolio of “blue-chip” shares, expected returns are generally in the order of market returns less transaction costs. What might be surprising to some is how quickly said portfolio can drastically underperform if diversification is removed from the equation. Continue…

    by Scott Shuttleworth Posted in Value.able.

  • Spotting value in an uncertain climate

    Roger Montgomery
    January 27, 2016

    We aren’t in the business of forecasting and it has no place in our investment process which last year delivered investors in The Montgomery Fund returns of more than 19 per cent against the stock market returns of just 2.8 per cent inclusive of dividends. At the beginning of 2015 we thought there wasn’t a lot of value around and lower returns should be expected. Even though we were right about the market’s aggregate return, it didn’t prevent the generation of attractive returns for investors. Continue…

    by Roger Montgomery Posted in Insightful Insights, Investing Education, Market Valuation.

  • Protected: PROTECTED

    Roger Montgomery's Team
    January 27, 2016

    This post is password protected. To view it please enter your password below:

    by Roger Montgomery's Team Posted in Old Content.

  • ‘Shares are like groceries’

    Roger Montgomery
    January 25, 2016

    Tim Stewart from InvestorDaily published an article from Roger’s recent Whitepaper, discussing how many people fail to understand that ‘price’ contains no information about ‘value’. Read here.

    by Roger Montgomery Posted in On the Internet.

  • Investing in volatile times

    Roger Montgomery
    January 25, 2016

    Welcome to our first Whitepaper of the year. It’s been a tough start to the year. With falling oil prices and lower growth expectations from China, share markets around the world are down significantly. Investing can be tough with a challenging outlook, however, this month’s Montgomery Whitepaper reveals insights into investing amid volatile market conditions. We share our view on when to buy high quality companies and discuss the difference between value and price. Continue…

    by Roger Montgomery Posted in Whitepapers.

  • Board movements for December 2015

    Roger Montgomery
    January 23, 2016

    Blenheim Partners have summarised the senior appointments and Board movements across the market for the month of December.

    Please click here to read the movements by sector for December 2015.

    For more information, contact Blenheim Partners, Clare McKenna on +61 2 9253 0951 or at clare.mckenna@blenheimpartners.com.

    by Roger Montgomery Posted in Insightful Insights.