stock markets

A surprising chart shows us that the stock market is often more savage than the history books suggest.

Veteran UK investor Jim Slater is known for his penchant for high-flying growth shares. But that doesn’t mean he’s always optimistic. Slater has lived through many market cycles in his five decades of investing, and like any great investor he knows that shares go down as well as up. Back in 2008 I found his [...]

Always be alert to the different ways in which large numbers can be (mis)interpreted when trying to make sense of the world. Never forget: You’re an upgraded ape with delusions of grandeur, designed to hunt gazelles and run away from lions. You’re prone to fear and greed, you love being in with the crowd, and [...]

Contrary to what some of its adherents imply, PE10 will not see you dive effortlessly in and out of the market like a seagull stealing chips. But it’s a useful tool nonetheless.

Analysts, journalists and private investors often talk about the market being cheap or expensive on a P/E basis. What do they mean?

Are shares cheap, you ask? “Compared to what?” is my first reply.