Equities

The share price of tech market darling, Tesla, rose inexorably more than ten-fold between early 2013 and early 2018. One manager not convinced by the hype was Jacob Mitchell from Antipodes Partners, who presented his short thesis on the stock at Livewire Live as early as July 2017. At its heart,... Show More

Jacob Mitchell

The year of 2017 was the year of the structural winner, with the market led higher by the digital platform “FAAMNGS” (the acronym keeps extending as the list of perceived winners broadens) and the stylistic domination of Growth. Disruption was never more topical with nothing appearing more disruptive than crypto-currency... Show More

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It is hard to find value in the Australian market, and harder to find truly world-class companies leveraging global trends. So, some of the smartest investors in the market are investing offshore to achieve this. A few months ago, Livewire asked five global specialists for their best stock idea at... Show More

Jacob Mitchell

Following the Macron victory, Sunny Bangia, Deputy PM at Antipodes Partners, has provided this analysis for the road ahead for the EU. With the election of Emmanuel Macron to France’s highest office, the European Union (EU) now stands at a crossroads. As a monetary union with structurally different economies, the... Show More

Jacob Mitchell

Baidu, the dominant search engine and “Google” of China, has been a foundation holding at Antipodes Partners. We originally featured the business in our September 2015 Quarterly Report and later expanded the investment case via our Blog in December 2015. Every stock in the Antipodes Partners Funds undergoes ongoing testing... Show More

Jacob Mitchell

The French Presidential elections (final round run-off will be 7 May) and Legislative elections (11 and 18th June) remain the last of the major Eurozone political events for the year in that the outcome of the German elections (24th September), dare we say, seem far less important given the likely... Show More

Jacob Mitchell

The one constant in global markets is change and since the 2008 financial crisis, the financial sector has faced no shortage of challenges with many banks stuck in a quagmire of poor regulatory and operating outcomes – whilst many sectors have benefited from low rates, the associated margin pressure has... Show More

Jacob Mitchell

Four months ago we sat in amazement as the results of the Brexit referendum were tallied. A strong sense of Deja vu hangs in the air as the tally in today’s US Presidential Election rolls in. Current projections are again a reminder as to how quickly the political landscape has... Show More

Jacob Mitchell

Generational low interest rates are symptomatic of lower growth and inflation, made acute by central banks reacting to structural factors such as ageing populations, integration of savings rich economies into the world economy, offshoring and more recently deleveraging and excess export capacity. Increasingly, there is mounting evidence that distortions are... Show More

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