Editor’s Pick

If you had money to invest, where should you put it? According to Warren Buffett’s business partner, Charlie Munger, you should look at China. Munger shared his investment insights in a recent interview. It makes vital reading for all investors in global equities, and those with holdings in The Montgomery Global Fund. continue…

by Roger Montgomery Posted in Editor's Pick, Investing Education.

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Over the very long term, it has been shown that equities provide the highest return for investors, and yet most investors are not reaping the full benefit of these returns. Intuitively investors know the principles of buying low and selling high, however research confirms that most investors fail to execute on this basic premise – consistently underperforming the funds they invest in. continue…

by Roger Montgomery Posted in Editor's Pick, Whitepapers.

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Challenger Financial Group (ASX:CGF) has over $60b in assets, commands the leading market position in annuities, and has a growth profile that should be supported by a rising tide of superannuation assets.  We like the business – it’s one of Montgomery’s larger positions.  Our views were confirmed this week, when Challenger presented its interim results.

by Roger Montgomery Posted in Companies, Editor's Pick.

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Seth Klarman’s Baupost Group is the world’s 11th largest hedge fund.  And Klarman, a renowned value investor, has sometimes been compared to Warren Buffett. So when he offers his analysis, it’s worth reading.  Which is why we’re pleased to bring you excerpts from Klarman’s latest investor letter. continue…

by Roger Montgomery Posted in Editor's Pick, Investing Education.

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In this interview with Ross Greenwood, Roger Montgomery discusses some results from the current reporting season including Challenger and BWX.

by Roger Montgomery Posted in Editor's Pick, Radio.

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If we look at the overall market, the ASX200 Index is up close to 3% in the first two weeks of February, so across the overall market, the news so far appears to be pretty good. In this video Portfolio Manager Tim Kelley discusses a few stocks held in The Montgomery Fund.

by Tim Kelley Posted in Editor's Pick, Video Insights.

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Lately, we’ve seen an increasing number of media articles about how Chinese ‘investors’ are snapping up our real estate assets – and, in so doing, pushing prices beyond the reach of many Australians.  How do they do it?  Here’s the answer, direct from the South China Morning Post… continue…

by Roger Montgomery Posted in Editor's Pick, Property.

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In this video insight we explain the recent period of under performance of The Montgomery Fund. Why has the index surged ahead and can this continue?

by Roger Montgomery Posted in Editor's Pick, Video Insights.

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In September 2015, Howard Marks wrote a memo entitled, ‘It’s Not Easy’, a reflection on Charlie Munger’s famous aphorism about investing, “It’s not supposed to be easy. Anyone who finds it easy is stupid.” The memo reflected upon the requirement for second level thinking in order to be a successful investor. continue…

by Roger Montgomery Posted in Editor's Pick, Financial Services.

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by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.

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