How long is it since Australia had a recession? Most would say 26 years. A world record. By looking at the data a little differently, we may not be so sure that Australia has gone 26 years without a hiccup.

In Fodder NZ this week - Globalisation and populism, Populism, Brexit and Trump, Trump and investment

How do we survive when liquid, safe asset classes don’t offer income to cover the cost of living? Do we speculate today? Or wait for it to normalise at an unknowable future date?

In Fodder this week - Globalisation and populism, Populism, Brexit and Trump, Trump and investment

What are the investment implications of a potential Trump presidency? In the short term, we think it could be positive for equities and negative for bonds, but negative for US equities in the medium term.

Populism in developed countries is real, but there are meaningful differences between the UK and US stories that are important to keep in mind in the run-up to US Presidential election.

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.

It's 10 years since the Forum's publisher, Graham Rich, interviewed Hamish Douglass and Chris Mackay as the firm launched the now behemoth Magellan Global Fund.

In Fodder this week - A hard Brexit, more on withdrawal rates, and Magellan turns 10!

In Fodder NZ this week - A hard Brexit, more on withdrawal rates, and Magellan turns 10!

Decumulation requires a tradeoff between preserving capital and obtaining income. A very simple "inverted withdraw rate" approach may be a better approach than the traditional 4% rule.

Alphabet soup, retirement income strategy, long-term returns. Fodder is back to being a mixed bag this week with Tim Farrelly, Woody Brock, Michael Kitces, and Bevan Graham.

Alphabet soup, retirement income strategy, long-term returns. Fodder NZ is back to being a mixed bag this week with Tim Farrelly, Woody Brock, Michael Kitces, and Bevan Graham.

The reality is that Brexit will hurt everyone involved more than was admitted during the campaign. Investors should expect heightened volatility, not only of stocks, but even of government bonds.

The "best" retirement income strategy may be very different depending on whether you measure based on wealth, spending, probabilities of success, magnitudes of failure, or utility functions that weigh both the upside and downside risks.

QE has caused massive investment distortions. Ditto the ZIRP and NIRP policies of many central banks. Beware - the chickens are coming home to roost! It seems plausible, but...

In Fodder this week - Brexit (of course!) with articles from Oliver Hartiwch, Marko Papic, Niall Ferguson, and Christopher Granville. Plus registration is now open for Conference 2016.

In Fodder NZ this week - Brexit (of course!) with articles from Oliver Hartiwch, Marko Papic, Niall Ferguson, and Christopher Granville. Plus Joanne Earl's top rated presentation from Symposium 2016.

I previously worked with the London think tank closely linked to David Cameron and his Tory modernisers. It was fascinating for me to watch Brexit from afar. Here's my take on what we've just witnessed.

The Brexit referendum is a major break in the 70 years of European integration. What's next for the UK? Who is next to exit? What does this mean for broader global stability? And - most importantly - what are investment implications?