Insightful Insights
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How we invest in AI
Gary Rollo
September 15, 2026
In this video, I discuss why we see the build-out of AI in Australia as an investable opportunity, from the infrastructure supporting it to the businesses positioned to benefit. I also explain our approach to investing early, starting with smaller positions and increasing exposure as potential winners emerge.
by Gary Rollo Posted in Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Market commentary, Popular, Small Caps, Video Insights.
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MEDIA
The Australian – A new battle for cash has begun – and it could sink stocks
Roger Montgomery
September 14, 2026
In my recent article for The Australian, I explore the growing competition for capital between the U.S. government and the artificial intelligence (AI) boom. As government borrowing and AI infrastructure spending accelerate, the resulting pressure on bond yields could reshape the investment environment, with important implications for equity valuations and long-duration growth stocks.
Download the article here: A new battle for cash has begun – and it could sink stocksby Roger Montgomery Posted in Economics, Editor's Pick, In the Press, Insightful Insights, Investing Education, Market commentary, Popular, Technology & Telecommunications.
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Why MP1 is a high-conviction holding
Gary Rollo
September 14, 2026
In this video, I discuss why Megaport (ASX: MP1) has become one of our highest-conviction holdings, including its position in AI infrastructure, differentiated data centre strategy and potential to benefit from growing demand for AI inference.
Disclaimer: The Montgomery Small Companies Fund owns shares in MP1. This video was prepared 14 September 2026 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade MP1, you should seek financial advice. continue…by Gary Rollo Posted in Companies, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Manufacturing, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like, Video Insights.
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MEDIA
ABC Statewide Drive – What did reporting season tell us?
Roger Montgomery
September 4, 2026
I joined Jess Maguire on ABC Statewide Drive to unpack the key lessons from the 2026 reporting season. We discussed why results were generally better than feared, the importance of revenue growth over cost cutting, the volatility across individual companies, and what the results could signal for the year ahead.
Tune in from 1:45:36 here: ABC Statewide Driveby Roger Montgomery Posted in Insightful Insights, Market commentary, Market Valuation, Radio, Technology & Telecommunications.
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MEDIA
Ausbiz – The AI spending spree investors should fear
Roger Montgomery
September 3, 2026
On Ausbiz today, I discussed why the artificial intelligence (AI) boom may be reaching a crossroads. I looked at the enormous capital being deployed by hyperscalers, falling free cash flow and rising depreciation, and why growing competition and higher funding costs could make it increasingly difficult for these companies to generate sufficient returns on their AI investment.
Watch here: The AI spending spree investors should fearby Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Investing Education, Market commentary, Market Valuation, Technology & Telecommunications, TV Appearances.
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WHITEPAPER
THE PROPERTY RUG PULL
Discover how proposed changes to negative gearing, Capital Gains Tax and holiday home tax rules could reshape property investing, and why investors may consider private credit as property returns become less certain and tax advantages diminish.
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10 lessons from the FY26 reporting season
Roger Montgomery
September 3, 2026
The Financial Year 2026 (FY26) reporting season has concluded with corporate Australia in considerably better shape than many had feared.
Before getting too excited, however, it’s worth noting corporate Australia may not be in as good shape as the headline numbers suggest.
Aggregate profits rose by around 11.6 per cent. Excluding mining and energy, however, the increase was just 5.3 per cent. Only 36 per cent of companies beat earnings expectations, below the historical average of about 40 per cent. Meanwhile, analysts have been cutting FY27 forecasts. continue…
by Roger Montgomery Posted in Companies, Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Market commentary, Market Valuation, Small Caps, Stocks We Like.
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MEDIA
Fear + Greed Podcast Q&A – 10 lessons for investors from reporting season
Roger Montgomery
September 1, 2026
Australia’s FY26 reporting season looked reasonably strong on the surface, with aggregate profits rising by around 11.6 per cent. But underneath the headline numbers, the recovery was much narrower – and investors were often more interested in what companies said about FY27 than the profits they had just reported.
I speak with Michael Thompson from Fear + Greed, about my 10 lessons from reporting season. We discuss why consumers are still spending but demanding value, expensive bank valuations, the limits of cost-cutting, opportunities in healthcare and why stock selection is becoming increasingly important. continue…by Roger Montgomery Posted in Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Market commentary, Market Valuation, Podcast Channel, Popular.
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The great Treasury swap (and why it matters)
Roger Montgomery
August 28, 2026
If you follow financial news, like I do, you might have recently heard market commentator Trevor Hall summarise Treasury Secretary Scott Bessent’s latest move in a single eye-opener:
“He’s buying back bonds with 1 per cent interest rates at 50 cents on the dollar and replacing them with short-term debt that currently yields 3 and ¾ per cent.”
It sounds like a paradox. Why would the U.S. government buy back debt that costs them almost nothing (1 per cent interest rates) and swap it for debt that costs almost four times as much (3.75 per cent)? continue…
by Roger Montgomery Posted in Economics, Global markets, Insightful Insights, Investing Education, Market commentary.
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Why Computershare caught our attention
Sean Sequeira
August 26, 2026
In this video, I discuss Computershare (ASX: CPU), a global provider of share registry and shareholder administration services, and why it caught our attention during the year. I explain how the company’s decision to sell lower-returning businesses and refocus on its core operations has improved the quality of the business, while a significant fall in the share price presented a more attractive valuation. Together, these factors led us to establish a position in Computershare. continue…
by Sean Sequeira Posted in Companies, Editor's Pick, Feature Article, Financial Services, Insightful Insights, Manufacturing, Market commentary, Market Valuation, Stocks We Like, Video Insights.
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Market state of play – and what to do
Roger Montgomery
August 25, 2026
Well into the penultimate quarter of the calendar year, institutional and private investors face the paradox that record infrastructure capital expenditure, particularly by AI hyperscalers, coexists with heightened geopolitical risk, sticky inflation, and an apparent structural shift to the relationship between equities and bonds.
And if institutions are changing their asset allocations to reflect these shifts, should private investors do the same? continue…
by Roger Montgomery Posted in Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education.
