Andrew Macken is a Portfolio Manager at Montgomery Global Investment Management. Andrew joined Montgomery in March 2014 after spending four years as a Research Analyst under Jim Chanos at Kynikos Associates in New York.
find out about investing with montgomery
Many global investors are lured first to the United States in search of opportunity given it is the largest economy in the world; with around 320 million relatively wealthy citizens driving significant annual consumption. But in many ways, the US is what is and what has been. Continue…
This week, the Federal Reserve (Fed) hiked its target range for the federal funds rate for the second time this year to 1.00-1.25 percent. In a widely anticipated move, the Federal Open Market Committee (FOMC) said that the labor market has continued to strengthen, economic activity has been rising and household spending has picked up in recent months. But the interest rate decision was not the main event. The market was instead focused on how the Fed planned to deal with its US$4.5 trillion dollar balance sheet (shown below). Continue…
Killian Plastow writes an article for Nestegg where he discusses Andrew Macken’s view on why successful investors should focus on where the market is heading as opposed to where it has been. Read here.
Philip Baker writes an article in the Australian Financial Review where he mentions Andrew Macken and his view on Chinese internet giants such as Alibaba and Tencent. Read here.
Investing is never easy at the best of times. Making sense of complex financial accounts takes both time and the aptitude to anticipate the numerous ways in which CFOs can position their businesses in the most favourable light. Sometimes the business models themselves allow for great subjectivity in arriving at the reported earnings level. Sometimes management actively encourage investors to focus on favourable metrics, while discouraging the unfavourable ones. Continue…
By 2025, emerging regions are expected to make up almost half the companies in the Fortune Global 500, up from 85 in 2010. Which means that, to identify the great businesses of tomorrow, investors need to shift their focus away from today’s go-to stocks. Continue…
In this article published in the Herald Sun, Andrew discusses investing and making sense of complex financial accounts. Read here.
If you’re a baby-boomer, you grew up with annual interest rates in the low teens. If you’re a millennial, interest rates above five percent are difficult to imagine. But what is the normal state of play, and what can we expect interest rates to do in the foreseeable future? Continue…
Vesna Poljak writes an article about the significance of the French presidential race. She mentions Montgomery’s Andrew Macken and his view on European markets. Read here.
Warren Buffett once referred to Mr Market as a “drunken psycho”, lurching one way and then the other. So it would be interesting to know what he would make of the bounce in the value of Nine Entertainment (ASX: NEC). Despite facing crippling headwinds, Nine’s share price has jumped around 50 percent since October. Continue…
SUBSCRIBERS 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.”
