Over the span of history, there are few years that can genuinely be considered as years on which the history of the world turned. BREXIT may be one for the UK.

The belief that innovative and extremely easy monetary policy on its own would restore a suitable level of economic growth and inflation was wrong, both in theory and in practice.

Variable withdrawal strategies for retirement spending are receiving more attention. Optimal asset allocations for such strategies are quite different to rules of thumb based on fixed withdrawal strategies.

Until recently, the expectation was that if professional economists achieved a technocratic consensus on a given policy approach, political leaders would listen.

The Australian sharemarket’s high weight to resource stocks is an accident of history and geography. A lower than market cap weight to resource stocks in portfolios seems much more sensible.

Only 1 in 10 listed companies globally achieved sustainable, profitable growth over the decade. A disproportionate number had a founder still running the firm or who remains on the Board.

In Fodder this week, Hamish Douglass's 6-minute video Insight on why it's our duty to encourage investors to focus on the long-term. Chris Watling looks at whether the US is heading for recession, Michael Kitces explains how a "bond tent" can help manage sequencing risk, and watch Professor Ron Bird's top-10 rated Conference presentation. Finally, Lazard asks whether portfolios have enough global small cap equities.

In Fodder this week, Hamish Douglass's 6-minute video Insight on why it's our duty to encourage investors to focus on the long-term. Chris Watling looks at whether the US is heading for recession, Michael Kitces explains how a "bond tent" can help manage sequencing risk, and watch Professor Ron Bird's top-10 rated Conference presentation. Finally, Lazard asks whether portfolios have enough global small cap equities.

Perhaps the best way to manage sequence of return risk in the years leading up to retirement and thereafter is simply to build up and then use a reserve of bonds to weather the storm.

The Paul Woolley Centre Conference 2016 (6&7 Oct) has been assessed and accredited by PortfolioConstruction Forum for Forum CE hours. Delegates must attest their attendance in order to receive CE acceditation.

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.

This week, Fodder features Professor Jack Gray's top-10 rated Conference presentation, Nouriel Roubini and Stephen Roach on monetary policy, Stephen Kotkin on geopolitcs, and Pfau & Blanchett on the limits of Monte Carlo simulation.

This week, Fodder features Professor Jack Gray's top-10 rated Conference presentation, Nouriel Roubini and Stephen Roach on monetary policy, Stephen Kotkin on geopolitcs, and Pfau & Blanchett on the limits of Monte Carlo simulation.

Predicting the future raises a significant number of issues when creating an investment plan. Monte Carlo simulations will illuminate the nature of that uncertainty, but only if those using them understand how it should be applied – and its limitations.

The lack of response at the zero bound of policy interest rates is hardly surprising. In fact, it is strikingly reminiscent of the so-called liquidity trap of the 1930s. What is particularly disconcerting is that central bankers remain largely in denial.

Using a simple case study, this paper illustrates an approach to cutting through fund performance "noise" to find the signal - the bigger picture investment view that enables us to construct better investment portfolios.

Zero, and especially negative, nominal interest rates are a fool's game. We are entering the late phase of an ageing expansion when asset price bubbles and poor credit decisions sow the seeds of the next crisis.

Conference 2016 delivered 50+ high conviction ideas on how to manage the friction between short-term and long-term investing imperatives. Here are the key takeouts.

Conference 2016 featured a stellar lineup of international and local experts offering their best high conviction idea/thesis around the the friction between short-term and long-term investing imperatives - and the portfolio construction decisions that must be made.

Most investors don't experience the same returns of the portfolio or fund they are invested in. Investment discipline is the key - not emotion, not market noise - to ensuring you arrive at your planned investment destination.