There is growing public alarm about how generative AI might obliterate industries and professions. What's often overlooked is that the first major victim will undoubtedly be the technology sector itself.

This paper studies the long-term returns of US equities to determine whether earnings yield is a reasonably reliable estimate of forward real returns. Understanding the interplay of growth, value and yield provides a framework for assessing investments.

There is often confusion about income in retirement. In most cases, some income measures won't give retirees enough to spend, resulting in a lower standard of living than they could be enjoying.

President Trump's protectionist threats have raised the risks of a serious trade war, the first in over 80 years. It is assumed that this would materially impact US growth - but is that the case?

Every generation or so, things (in the economics world) break. We're probably at or close to one of those once-in-a-generation moments. Watching monetary indicators is key.

The "anomalies" literature is the scientific foundation for quantitative asset management. But as three recent papers point out, "p-hacking" is only the beginning of anomalies research problems.

Researchers propose a range of improvements to traditional time-based rebalancing, including threshold and cash flow strategies, designed to increase effectiveness and efficiency.

Investors often shy from investing in “non-traditional” sources of Risk Premia, but to maximise the probability of achieving positive excess returns, a well-diversified and risk-controlled mix of Risk Premium strategies is essential.

Broad analysis of generally effective indicators of US recessions leads to the conclusion that recession risks in the US are clearly continuing to rise. A wide range of indicators confirm the message although some doubts remain.

The world of investing and business has seen a great deal of change in the past 30 years. Investors face a slew of psychological challenges. Here are the 10 attributes I believe to be the hallmark of a great investor.

New research has found that teams of three portfolio managers deliver higher gains, adjusted for risk, than funds managed by a single individual or by teams of other sizes.

In Fodder this week - Portfolio rebalancing, bear markets, the X factor, Namibia & inflation with articles from Michael Kitces, Bob Veres, Charlie Lanchester, Joseph Stiglitz, and Christian Hawkesby.

In Fodder NZ this week - Portfolio rebalancing, bear markets, the X factor, Namibia & inflation with articles from Michael Kitces, Bob Veres, Charlie Lanchester, Joseph Stiglitz, and Christian Hawkesby.

This week's Fodder is a real mixed bag - portfolios, Africa, retirement spending, and risk profiling.

This week's Fodder NZ is a real mixed bag - portfolios, Africa, retirement spending, and risk profiling.

Many have spoken of the significant risks funds carry with Australian equities exposures. So I thought I'd check the evidence on the influence of equities on multi-asset portfolios.

The policy response to a hugely levered global economy has turned to a discussion of money creation to fund fiscal stimulus. The cure is not going ever more unconventional.

I am increasingly coming to the conclusion that the vast majority of annual investment outlook pieces are frequently useless to the average investor or adviser.

For all its ups and down, 2015 ended up being a year to forget for Australian investors, with little variation in the performance of major asset classes. Dynamic allocation within portfolios and additional levels of diversification will be critical for 2016 to avoid the feeling of deja-vu.

In October, I joined Dr Woody Brock and PIMCO's Fed watcher, Tony Crescenzi, and 18 senior practitioners for a workshop organised by PortfolioConstruction Forum on where global monetary policy was headed. Three key views emerged.