As 2014 ends, the buy-the-dip trade continues to work its magic.Stocks soared last week after the Federal Reserve said it would be “patient” in decidi(...)

Winner’s curse: Apple shareholders suffered a torrid time shortly after the company smashed the market capitalisation record in August 2012, descending from a high of $705 (€520) per share to a low of $385 (€284) just seven months later. Photograph: David Paul Morris/Bloomberg

All over the world, the “top dogs” in stock sectors go on to suffer years of underperformance, according to prominent money manager Rob Arnott. Just a(...)

Picking stocks: investors have reason to be grateful to devotees of the efficient market hypothesis and behavioural finance.  photograph: andrew burton/getty images

Are markets efficient, or are investor actions governed by animal instincts? Is it pointless trying to beat the market, or are stocks prone to systema(...)