Billionaire philanthropist Bill Gates has waded into the artificial intelligence (AI) debate again, this time with a near-6,000-word essay on the transition to the AI era, describing it as one of the most turbulent periods in human history, and warning, “AI is improving faster than anyone expected…and could begin to act against our interests and we could lose control.”

While AI carries enormous potential to improve lives, Gates says the world is currently underprepared for the speed with which it will impact us socially, politically, and economically.

In his latest essay published on his website GatesNotes.com, Gates writes, “The transition to the AI era will be one of the most turbulent times in human history. Right now, we are not preparing adequately for that transition,” adding, “in terms of equity, AI will either be the greatest equalizer ever invented, or the worst source of injustice.” Continue…

by Roger Montgomery Posted in Market commentary, Technology & Telecommunications.

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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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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 stocks

by Roger Montgomery Posted in Economics, Editor's Pick, In the Press, Insightful Insights, Investing Education, Market commentary, Popular, Technology & Telecommunications.

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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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In my latest article for The Australian, I look at the growing pressure facing Australian homeowners as rising living costs, higher interest rates and mortgage repayments stretch household budgets. With mortgage stress at its highest level in 18 years, I explore the economic pressures behind the figures and what they could mean for households if conditions remain challenging.

Download the article here: Homeowners pay the high price of Labor’s fiscal mismanagement Continue…

by Roger Montgomery Posted in Economics, Editor's Pick, In the Press, Market commentary, Property.

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Jeremy Grantham is considered one of the giants of the investment world. After his start as an economist for Royal Dutch Shell, he earned his MBA from Harvard before co-founding his first asset management firm and helping pioneer commercial indexing strategies in the early 1970s. He subsequently co-founded Grantham, Mayo, & Otterloo (GMO) in Boston, growing it into a global powerhouse managing over US$100 billion. Continue…

by Roger Montgomery Posted in Market commentary.

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I have spent the better part of the last 18 months warning investors the pattern of past returns from investing in new technology – what we refer to as General Purpose Technologies (GPT) – are likely to apply to the latest GPT- artificial intelligence (AI).

Quite simply, there’s a point in every technology investment boom when the technology stops being the most important question, and the money takes over. Continue…

by Roger Montgomery Posted in Market commentary.

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BCA Research (BCA), a global investment research firm, recently released its August 2026 market update, in which the authors argue against becoming defensive too early.

According to BCA, the current bull market contains many of the necessary ingredients for a future bust – geopolitical risk, an extraordinary artificial intelligence (AI) capital expenditure boom, and a looming wave of very large initial public offerings (IPOs) – but BCA believes the immediate evidence still favours investing in risk assets such as shares. Continue…

by Roger Montgomery Posted in Market commentary.

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