Airlines have been one of the worst-performing sectors in the US since the 1970s while railroads have outperformed airlines, road transport stocks and the overall US market since 1970. Photograph: Brendan Smialowski/AFP/Getty Images

Investing in the right stock market sectors can make a big difference to your long-term returns. How big? Well, over the last 115 years, an investment(...)

Picasso purchase and the greater fool theory Is art a good investment? Some people think so, with Christie’s last week becoming the first auction hous(...)

NYSE traders: Evidence is mounting that many high-fee funds that purport to be active are just closet index trackers. Photograph: Andrew Burton/Getty Images

The vast majority of actively managed funds fail to beat the market, and little wonder – many are not even trying. Evidence is mounting that many high(...)

Nothing exemplifies the recent market madness in China better than the case of online video stock Beijing Baofeng Technology.  Photograph: China Daily/Reuters

Hedge fund fees are a joke. Often, so is the criticism of hedge fund fees. Take the faux outrage that greeted last week’s Institutional Investor annou(...)

 London’s Canary Wharf: the UK stock market has been relatively calm in recent months.  Photograph: Stefan Rousseau/PA Wire

British voters go to the polls on Thursday in an election that remains too close to call. Should investors be nervous? Would a Labour-led government b(...)

European sell-off looks temporary European shares tumbled last week, with Germany’s high-flying Dax index bearing the brunt of the selling – Wednesda(...)

Outside Tokyo Stock Exchange: Japanese November-April stock market returns typically exceed May-October by 8.3 percentage points annually.  Photograph: Yoshikazu Tsuno/AFP/Getty Images

The old “sell in May and go away” adage invariably does the rounds at this time of year. Is it a silly market myth or is there something to the notion(...)

‘Oil continues to look cheap compared to stocks. The ratio between the S&P 500 and US crude oil hit a 13-year high last month, Merrill Lynch noted recently.’ Photograph:  China Newsphoto/Reuters

Investors find it hard to believe that the 2010 ‘flash crash’, which saw US indices suddenly collapse in value before quickly recovering, was caused b(...)

Former Enron chairman Kenneth Lay: short-sellers tend to get a bad press but their defenders point to their exposure of questionable practices at companies like Enron. Photograph: Dave Einsel/Getty Images

Short-sellers profit from market declines, something that has long ensured their unpopularity with politicians, regulators and chief executives. Napol(...)

The latest Merrill Lynch monthly fund manager survey shows concerned investors are taking the Tina approach – there is no alternative – to stocks.In F(...)