In Shakespeare's Hamlet, Polonius's advice was "Neither a borrower nor a lender be For loan oft loses both itself and friend." In contrast, borrowing and lending between strangers makes the world a better place.

When meeting with a prospect for the first time, financial advisers should limit discussion about their background to 3 minutes and address the 4 key questions most prospects want answered.

Does Fama and French's latest work, A Five-Factor Asset Pricing Model, provide any information that can be of practical value to advisers or investors? The answer is no.

When any investment and, in particular, an alternative investment begins to be considered mainstream with attendant big inflows, the end is generally nigh.

The nature of target date funds - encompassing multiple objectives and changing asset allocations over time - raises challenges for performance reporting.

The Fed's clear message from yesterday's FOMC meeting is that it will stay the course on exiting QE as gracefully and slowly as possible.

Our Forum Fodder NZ e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. Fodder kicks off with a memo received overnight from Dr Robert Gay. Plus Ken Rogoff, Michael Kitces,Hamish Douglass

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. It's a provocative Fodder this week with views from Tim Farrelly, Robert Shiller and Michael Edesess

It is through competition between wants and different ways of satisfying them, that markets create prosperity. In economic thinking, competition has two main functions.

Will each future generation continue to enjoy a better quality of life than its immediate predecessor? The likely answer is yes, but the risks seem higher.

As the logic goes, retired clients deplete their portfolios, and more pass away as the years go by, so a firm with aging clients is akin to a rapidly depreciating asset. But is this true?

It's the eternal debate - can active management outperform? Two recent reports offer some interesting insights into the issue.

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. In this week's Fodder: A diverse range of views - Louis-Vincent Gave, Dom McCormick & Michael Kitces

Our Forum Fodder NZ e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. Fodder kicks off with a memo received overnight from Dr Robert Gay. Plus Ken Rogoff, Michael Kitces,Hamish Douglass

If you believe the US State Department has the Crimean situation under control, plan for a bullish scenario for risk assets. Plan for the opposite, if you believe Putin will prevail.

Central banks stand at the apex of the banking confidence pyramid but cannot insulate the public from the consequences of collective fiscal and financial follies.

A new research paper looks specifically at withdrawal rates in the Australian context, confirming the legislated minimums for account-based pensions are much too high.

Australians are waking up to the fact that they have not had enough global (mainly equity) exposure. Why the case for more global exposure now?

Our Forum Fodder NZ e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. In Fodder NZ this week - Anatole Kaletsky on Russia's incursion into Ukraine plus the final sessions from Markets Summit

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. In Fodder this week: Anatole Kaletsky on Russia's incursion into Ukraine plus the final sessions from Markets Summit