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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Furniture and appliance retailers, like JB Hi-Fi and Harvey Norman, are enjoying their best trading conditions in a decade, buoyed by low interest rates and a renovation boom.  Alas, these sunny conditions won’t last.  And there’s more for the retailers to worry about than rising interest rates putting a clamp on demand.  There’s also the small matter of Amazon setting up ‘down under’. Continue…

by Roger Montgomery Posted in Consumer discretionary.

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by Roger Montgomery's Team Posted in Old Content.

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IDP Education (ASX:IEL) is a provider of international student placement and English language testing services. It also owns English language schools in South East Asia and organises educational events and conferences. IDP’s strong result for the six months to December 2016 saw a spike in its share price, and confirmed our faith in this high quality business. Continue…

by Stuart Jackson Posted in Companies.

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These days, most investors looking beyond our shores are focused on the US. But the situation in Europe is also worth watching closely, particularly in Italy – the world’s eighth biggest economy – which appears to be in dire straits. Continue…

by Scott Shuttleworth Posted in Global markets.

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When the Chinese government recently tightened capital controls to further reduce capital outflows, it sent a message to the world that all is not right with its currency. According to some analysts, China’s problems are big enough to seriously rattle global markets. For investors, it’s therefore time to check your portfolios for direct and indirect exposure to China and China-exposed businesses and industries.

by Roger Montgomery Posted in Global markets.

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