Winning bets were obvious with Hindsight

Oil price fall and resilience of US economy were trends to spot

Investment: Loser’s game

With as few as 10 per cent of US active managers beating their benchmark in 2014, they are having to employ new tactics

The dodo and investor survival

Any theory of markets must take account of human aversion to risk

Fed must not bounce from crisis to bubble

Lessons from mistakes that led to the 1999 rally

Midnight rate rise summons old spectres

Success for Russia’s central bank may still hinge on oil

Why investors’ view on oil has just pivoted

Market is fretting about slowing Chinese manufacturers, rather than cheer on reviving US consumers

Low-volatility stocks on a winning streak

But concerns are growing that the strategy has become overcrowded

It looks like a duck, but it’s a secular bear

The S&P 500 is at an all-time high. If this is not a bull market, what is?

An active headache for fund managers

2014 has been bad thanks to lower volatility and dispersion

Lower oil price could stoke US stock bubble

Opec’s position on output could have profound consequences

Spot spin-offs to profit from activists

Credit Suisse screen identifies particular opportunities in Europe

Breaking the white male grip on markets

If a market is dominated by any ethnicity, it tends to make worse decisions

Big macro trade is way to profit in Japan

Stock-picking opportunities that are usual in these circumstances are hard to identify

Corporate buybacks fuel all-time highs

US companies will buy $450bn of their stock this year, but when will this become too expensive?

Index moves stoke real estate bubble risk

Money will move on back of classification changes

What cheaper oil means for the economy

Impact on markets is hard to gauge, but the average American will benefit

Risk-return relationship has been upended

Increasing use of benchmarking distorts markets, study suggests

BoJ shows central banks have firepower

They can move markets, but can they move the global economy?

How the Fed got from eternity to here

An unprecedented intervention had the desired effect but also had counter-intuitive consequences

European stocks cry out to contrarians

Not super cheap but upside potential better than downside risk

Why it could pay to bet against consensus on Europe

Valuations make sense if the US is about to boom further, but that is hard to swallow

Copycat managers cannot beat the market

Findings raise questions over investment skill

Markets: Into uncharted waters

After the volatility, investors face the hard reality that stocks and bonds still look expensive

Fear returns with yield plunge

Market move is enough to spook anyone investing in equities

Warning light flashes on stock correction

Notion that the famous Cape ratio can show when stocks are expensive still holds

Commodities tell truth to equities investors

Low rates and lower raw materials prices are good for profits

Gross looks to show his star is undimmed

The feted manager’s debut for Janus suggests he intends to do things much as he did at Pimco

Bitcoin bursts, but could change banking

Venture capital is exploring cryptocurrency technology

Disruptive technology will not kill banks

Banking is too heavily regulated to be threatened by newcomers

Size matters and Pimco’s TRF was too big

Disorderly outflows from the fund could create perverse market moves

Will Gross turn out as a fox or hedgehog?

Investors ask if he can repeat his skill at handling the bull market

Property will become a bigger pensions play

The pressure to invest in property is unlikely to abate for years

Boost from Scots ‘No’ may be shortlived

Slow-burning political risk for the UK will increase

Funds and ETFs magnify EM volatility

Large price swings can be driven by small shifts in sentiment

Wall Street’s new rationale for optimism

Mood of serene confidence remains intact in the US

Watch for companies splashing cash

They are underperformers, in company with cash hoarders

Placing wealth in the happiness equation

The link between the two is stronger than most would think

Long-term returns boosted by illiquidity

The less liquid a stock, the better it will perform over time

Rate increases will test the market mood

Once the Fed raises rates in earnest it could be painful

Chase sales and margin growth in Big Tech

Not all growth is equal and some tech stocks may be ‘growth traps’

ABOUT JOHN

John Authers John Authers is the Financial Times' Senior Investment Columnist, responsible for the weekly Long View and other columns on markets and investment. In a 22-year career at the FT, his previous posts have included global head of the Lex column, investment editor, US markets editor, Mexico City bureau chief and US banking correspondent. His latest book is The Fearful Rise of Markets.

John has a degree in Philosophy, Politics and Economics from the University of Oxford, and an MBA from Columbia University.

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