Investor Insights

In this section we explore investing basics, common themes and information to help guide your investing journey. 

The information provided is general information only. The information does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided in this document and consider seeking advice from a financial adviser if necessary.

July 27, 2026

Summarising my current AI thesis – Part 2

By Roger Montgomery

How to respond Across my articles and media commentaries, I have emphasised that preparing for an artificial intelligence (AI) re-pricing is not about timing a top or shorting tech, but rather about protecting capital through discipline, factor balance, and liquidity.
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July 27, 2026

Summarising my current AI thesis – Part 1

By Roger Montgomery

Last week, Google reported its first ever quarter of negative cash flow, surprising analysts who thought Q1 2027 would be when pressure on cash flows could seriously emerge, and causing the share price to plunge more than seven per cent.
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July 23, 2026

A crisis of quality – What’s wrong with active management?

By Roger Montgomery

When I wrote Value. able in 2010, ‘Quality’ as an investing factor was gospel, a foundational truth: buying fundamentally superior businesses at reasonable prices and holding them over the long run was the surest path to wealth creation. Individuals like Warren Buffett, Charlie Munger, Mohnish Pabrai, Seth Klarman, Howard Marks and Terry Smith proved, over decades, that Quality rules.
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July 17, 2026

Watching Hyperscaler debt

By Roger Montgomery

Many years ago, I was asked by an AFR journalist whether I would revise my valuation of ABC Learning Centres, which was a tiny fraction of the traded price at the time, given the Singaporean Sovereign Wealth Fund (Temasek) had just invested in the company’s then-latest capital raise at a much higher market valuation.
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July 8, 2026

Consumer confidence – A gentle uptrend after a 53-year low

By David Buckland

Consumer confidence appears to be slowly improving after hitting its lowest level in 53 years in April 2026. While the recent uptrend is encouraging, confidence remains fragile, with household debt, cost-of-living pressures and recent interest rate increases still weighing heavily on consumers.
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July 2, 2026

Turning the page from Fiscal 2026 to Fiscal 2027

By David Buckland

As we begin Fiscal 2027, it is worth taking a step back to reflect on the major themes that shaped global markets over the past year. I explore the key developments across equities, bonds, interest rates, commodities and currencies, and consider what they may mean for investors going forward.
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June 30, 2026

The AI bubble – Cracks beneath the surface

By Roger Montgomery

  In this video insight, I explain why I believe investors should look beyond the strong earnings and seemingly reasonable valuations driving enthusiasm for artificial intelligence (AI). I examine questions surrounding optimistic market assumptions, insider selling incentives, the economics of AI, rising debt levels, weakening cash flows, and whether reported earnings are overstating the sector’s underlying profitability.
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June 25, 2026

Understanding the U.S. debt and liquidity crunch

By Roger Montgomery

A layman’s guide to CrossBorder Capital’s latest financial outlook. The core problem: A tsunami of government debt Macroeconomic research house CrossBorder Capital’s Michael Howell recently summarised the dilemma confronting the U. S. Federal Reserve under newly appointed Chair Kevin Warsh.
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June 24, 2026

Nothing to see here

By Roger Montgomery

According to the most bullish investors the current bull market bears little resemblance to the tech bubble of 1999/2000. That late-90s tech bubble was fueled by a Fear of Missing Out (FOMO), which was reflected in the very high price-to-earnings (P/E) multiples.
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June 22, 2026

Is the Bond market crashing the equity party?

By Roger Montgomery

If you want to know where the stock market might be headed, you have to look at the economic gravity being exerted by the bond market. Right now, U. S. stocks and bonds appear to be on a dangerous collision course. Think of it in terms of a feedback loop: soaring stock prices have made U. S.
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