Array

If some of the smartest people in the world work in financial markets, as is often suggested, why are their forecasts so unreliable? Perhaps the problem starts with the idea that intelligence is related to the ability to correctly and consistently predict the movements of markets and individual securities. A number of factors explain why [...]

Tesco shares closed the day down -12.98% in what is another reminder to investors of the importance of diversifying their investment capital across a wide range of companies, sectors and geographies to reduce exposure to specific risks such as the announcement of a profit warning or poor sales figures.

It’s that time of year again, when harried finance editors ask reporters to call investment professionals and cobble together top predictions for the coming year. These are fun to write. But for readers, they’re more entertaining a year later. Take the late 2010 Barclays Capital Global Macro Survey of more than two thousand institutional investors. [...]

The Next Big Thing Anyone studying the long-run history of American business cannot help but observe how many of the prominent firms of one era fail to make it to the next. Free-market economies are characterised not only by intense competition but also by disruptive change. Sometimes a company’s toughest competitor turns out to be [...]