Andrew Macken
Andrew Macken is the Chief Investment Officer of the Montaka funds and the Montgomery Global funds. He established MGIM in 2015 in partnership with Montgomery.
find out about investing with montgomery
articles by Andrew Macken
-
The new post-pandemic world of marketing
Andrew Macken
December 1, 2020
In the space of five months, consumer online buying in the United States grew from around 15 per cent to 45 per cent for most categories. This is an extraordinary acceleration in consumer behaviour towards digital channels – and one that is likely here to stay. For those in the business of marketing to consumers, this new reality has significant implications, as McKinsey points out in their recent note on the subject. Continue…
by Andrew Macken Posted in Market commentary.
- save this article
- POSTED IN Market commentary.
-
Why are stocks going up?
Andrew Macken
November 24, 2020
With COVID-19 cases surging again in the US, Europe and elsewhere, you might reasonably be scratching your head at the ongoing surge in stock prices. After all, if it was the pandemic that caused the severe sell off in March, wouldn’t a resurgence in cases and deaths in the world’s largest economies have a similar effect? Continue…
by Andrew Macken Posted in Global markets, Market commentary.
- 4 Comments
- save this article
- 4
- POSTED IN Global markets, Market commentary.
-
The uncertainty of chasing true value
Andrew Macken
November 23, 2020
In this article for the Herald Sun Andrew discusses logical analytical steps that can be taken by diligent investors to ascertain, with some degree of accuracy, the true value of businesses — or range of values more typically — with a reasonable degree of confidence. Read here.
by Andrew Macken Posted in In the Press.
- READ
- save this article
- POSTED IN In the Press.
-
Tencent, the quiet achiever
Andrew Macken
November 16, 2020
With all the noise in recent days over new antitrust initiatives in the Chinese technology space, the stellar ongoing performance of Tencent’s many businesses seems to have been lost in the mix. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
-
Thinking big with Microsoft
Andrew Macken
November 5, 2020
Hidden amongst the barrage of news over recent days was a particularly strong quarterly result by Microsoft (NASDAQ: MSFT) last week. What caught our attention was the framing of the long-term opportunity for the business by CEO, Satya Nadella. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
-
Why investing is hard
Andrew Macken
October 26, 2020
As Warren Buffett once said: “Price is what you pay; value is what you get.” This simple definition underpins the logical pursuit of value investors to make investments in businesses only when prices are materially below their true value. This seems absurdly obvious and yet executing on this approach is rather difficult. Why? Because “true value” is, essentially, unobservable. Continue…
by Andrew Macken Posted in Investing Education.
- save this article
- POSTED IN Investing Education.
-
Strength in Aussie at whim of greenback
Andrew Macken
October 23, 2020
In this article for the Herald Sun Andrew discusses the recent strength in the Aussie dollar. Putting aside the large dip and rebound in March and April, the Aussie has continued to appreciate by about 10 per cent in the past three months against the US dollar. So what is causing this? Read here.
by Andrew Macken Posted in In the Press.
- READ
- save this article
- POSTED IN In the Press.
-
Montaka’s Quarterly Update (Q3 2020)
Andrew Macken
October 14, 2020
In this quarterly update, Andrew Macken, Montaka’s Chief Investment Officer touches upon a range of possible medium-term economic outcomes. He also shares a brief update on the current portfolio positioning of the global strategies. Continue…
by Andrew Macken Posted in Video Insights.
- save this article
- POSTED IN Video Insights.
-
EU evolution underappreciated
Andrew Macken
October 7, 2020
With all the news around COVID-19 and the ongoing political dramas surrounding the US general election, it seems a historic change in European philosophy has gone largely unnoticed. In July, EU leaders agreed to an extraordinary €750 billion recovery package called the Next Generation EU (NGEU). Continue…
by Andrew Macken Posted in Global markets.
- save this article
- POSTED IN Global markets.
-
Why do good things happen to great businesses?
Andrew Macken
September 28, 2020
For value investors like us who seek to own the world’s long-term winning businesses in attractive markets, there is an ongoing philosophical imperative to ensure the quality we identify is not already fully reflected in the current stock price of the business. After all, if the true quality and growth prospects of any business are accurately reflected in the stock today, then your chance of generating outsized returns is zero, by definition. Continue…
by Andrew Macken Posted in Companies, Stocks We Like.
- save this article
- POSTED IN Companies, Stocks We Like.
Discover how to value the best stocks and buy them for less than they’re worth.
NOW FOR JUST $49.95
buy nowSUBSCRIBERS RECEIVE 20% OFF WHEN THEY SIGN UP
“This is a book you simply must read.
The very best investors in the world are “value” investors.”
