The investment management business arguably has more luck involved than any major sport, but more skill than the pure luck domain of a slot machine.
From an individual stock perspective, macro news (such as weather, government, regulation) would play the role of luck, negatively affecting price, while business fundamentals (such as improved margins...
Investors have piled into bonds such that more than $15trn worth are now negative yielding if held to maturity – a new record.
Knee-jerk reactions could become self-fulfilling
Poring through the FCA's new regulations
A fond farewell
What risk factors should investors look out for?