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(...)

On a high: the continued advance of equities means one influential strategist sees almost no value in the US market and precious little elsewhere.Photograph: Brendan McDermid/Reuters

The US stock market is “hideously expensive,” according to James Montier, an influential strategist with GMO, a global investment management firm bas(...)

NYSE trader: an emphasis on share prices and on meeting quarterly earnings expectations has led to destructive short-term behaviour by some chief executives. Photograph: EPA/Justin Lane

The idea that a company’s primary purpose is to enrich its shareholders is the “dumbest idea in the world”, according to high-profile GMO strategist J(...)

Can money buy you happiness? If not, why not? Surely wealth brings control, choice and security – apparent prerequisites for the happy life?Philosophe(...)

Pause for thought: multiple signals indicate that the US stock market faces years of sub-par returns. Photograph: Andrew Burton/Getty Images

Bearish predictions of a market crash are largely hyperbolic, as we noted last week, but that doesn’t mean investors shouldn’t be concerned about valu(...)

There are a host of reasons why the vast majority of funds are destined to continue their underperformance in the coming decades. Photograph: Brendan McDermid/Reuters

The aim of actively-managed funds is to beat the stock market, but precious few manage to do so. This simple fact of life is perplexing to ordinary in(...)

President of Spanish wifi company Gowex, Jenaro Garcia, who announced on Twitter last week that the company’s accounts had been falsified for more than four years. Photograph: Angel Diaz/EPA

To many, attempting to profit from stock market falls is immoral and parasitic. Short sellers, however, see themselves as the detectives of the stock (...)

Work it out for yourself – is it a maze or a hedge fund?

The Kiss approach – keep it simple, stupid – has merit in many fields, not least in that of investment, where complexity and seemingly sophisti(...)

 Number crunching: mechanical models to predict stock market performance have shown to be consistently better than expert opinion. Photographer: Jin Lee/Bloomberg

Simple computer models invariably trump expert human judgment, whether predicting wine prices, making medical diagnoses, analysing job performa(...)