Investing has a lot of the same features as poker, says game theorist Kevin Zollman.

Good poker skills certainly seem to help if you’re a hedge fund manager. A new study, Hedge Fund Hold’em, has found hedge fund managers who do well in(...)

Snap’s IPO: Snapchat’s owner  waited until it had secured a valuation of  $25bn before going public. Photograph: Michael Nagle/Bloomberg/Getty Images

The US stock market may be the biggest and most prestigious in the world, but more and more companies are choosing to ignore it, which has major conse(...)

Going with your gut: “The results of the study indicate the market ‘selects’, Darwinian-style, ‘for traders with good gut feelings’, with those lacking in this department ‘eliminated’ over time.” File photograph: Scott Olson/Reuters

Financial institutions increasingly use computer algorithms to navigate global markets, but it seems there is still a role for traders who rely on a (...)

 Photographer: Chris Ratcliffe/Bloomberg

The recent overnight crash in sterling, which saw the currency plunge by more than 6 per cent in a matter of minutes before swiftly rebounding, is the(...)

Traders work on the floor of the New York Stock Exchange: Research indicates that returns are usually dictated more by chance than skill. Photograph: Justin Lane/EPA

Does luck trump skill in investment. Research indicates that returns are usually dictated more by chance than skill, and it’s hard to tell the differe(...)

Traders on the floor of the New York Stock Exchange have an edge; but it’s very difficult for individual investors to make predictions on GDP that are not already embedded into stock prices. Photograph: Reuters

History matters. There’s little point trying to make investment decisions for the future if you don’t know what has worked in the past. In rece(...)