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The disruption with forever consequences

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The disruption with forever consequences

By now, we’re all well versed on the subject of Amazon disrupting retail, Aldi disrupting supermarkets and fintechs disrupting banking (admittedly to a significantly lesser extent). However, the most significant disruption is occurring right under our noses without us really noticing.


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Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.


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This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564) and may contain general financial advice that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking advice from a financial advisor if necessary.


  1. Dennis Bergmans

    Disruption yes, but trying to pick the winners is no easy feat. There is so much breakthrough renewable tech around but which ones will make money? Probably easier to short the businesses we know are going to be losers. Short the horse shoe makers.

  2. A brilliant summary of what is now and what the future will or could bring Roger. I also have solar panels on my roof and they have helped enormously defray my electricity cost, but the initial asset cost still has to covered, I think it will take 6 – 7 years! A bit like holding shares that long!

  3. shambhu sharma

    Thanks for very nice article. Given the not so good performance of Montgomery fund in the last year or so (at the time when general market has performed really well), I was wondering if you could write something ( either via email to investor or an article here) outlining on how Montgomery is trying to capitalize this disruption for the benefit of its investor. Recently I noted that as the quality of articles are getting better, the performance of the fund is going down…

    • Yes we did indeed underperform the market with the bulk attributed to not owning resources and holding cash. We’ll be recording a video that will help in understanding the contxt of the underperformance.

  4. Roger, power in Adelaide is the HIGHEST cost in the world (and they had a huge push towards wind and solar)…see last Weekend’s AFR for details.

    99% of Tasmania’s power comes from hydro-electric (so much so that it feeds into Victoria), but our power costs compared to “like” places such as the USA are MUCH more.

    We have 30% of the world’s known uranium resources at Olympic Dam but we can’t / don’t / won’t build a nuclear reactor in the vast expanse of (tectonically stable) ‘unusable land’ we have (just in case it undergoes a meltdown).

    It is crazy.

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