Analysts at Macquarie Research, Viktor Shvets and Chetan Seth, have just released an excellent piece titled ‘Surfing the debt wave.  Don’t look down’.  In it, they focus on global debt, wealth inequality, weak productivity growth, the velocity of money and the balance sheets of central banks.  For investors, it’s a timely reminder of the big issues facing the world’s main economies. Continue…

by Roger Montgomery Posted in Global markets.

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Last year was certainly full of surprises. We saw Brexit, Donald Trump’s election victory, and iron ore prices tripling. We also witnessed the great sector rotation on the share market from high quality businesses to low quality businesses – a trend that continues today. And this led us to ask: is quality investing still the best approach?

by Scott Phillips Posted in Montgomery News and Updates.

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by Roger Montgomery's Team Posted in Old Content.

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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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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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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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