Humans are fascinating, complex creatures, capable of amazing achievements.  At the same time, as psychology researchers like Daniel Kahneman and Amos Tversky have pushed forward our understanding of the human mind, it has become increasingly clear that we are indeed strange.  Far from being the rational decision makers that behavioural theory once assumed, we find that our cognitive processes can be deeply flawed, leading to poor decision making and sub-optimal outcomes. Continue…

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

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I am delighted to announce  the senior appointment of Michael Gollagher to the national distribution team, as the Account Manager responsible for the Queensland market. In this newly created role, he will support the growth of the company’s existing adviser and dealer group relationships in Queensland. Continue…

by Scott Phillips Posted in Montgomery News and Updates.

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In this interview on Money News, Roger and Ross discuss the Australian sharemarket being close to a 12-year high, responding to lower interest rates and a hope that earnings growth is on the horizon. Is Wesfarmers set-up to generate shareholder returns?

by Roger Montgomery Posted in Radio.

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by Roger Montgomery's Team Posted in Old Content.

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by Roger Montgomery's Team Posted in Old Content.

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There have been a number of high-profile IPOs in the US this year – with the ride-sharing Apps Uber and Lyft being two of the most prominent. The combined valuation of the two listings at IPO was >US$100bn (Uber $82bn, Lyft $24bn), a higher valuation than every company on the ASX aside from the mighty BHP. Continue…

by Joseph Kim Posted in Companies.

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In assessing the value of a company, the market tends to focus almost exclusively on the outlook for earnings growth. While obviously important, this ignores other variables that are equally relevant in determining whether a stock represents a good investment from both a quality and a valuation perspective. Continue…

by Stuart Jackson Posted in Economics, Investing Education.

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In this week’s video insight Andreas shares our valuation framework for assessing a company. Our framework is based on the concept of intrinsic value, where we form a view of what a business is worth and then compare that valuation to what the market is prepared to pay. How does our approach differ to other investors?
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by Andreas Lundberg Posted in Video Insights.

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