If you’re rich enough – or otherwise have access to your local private country club’s locker room – sooner or later you’ll hear a pair of wealthy golfers discussing their preferred stock holdings.
Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result.
Tulip bulbs were brought from Turkey and introduced in Holland in 1593, quickly becoming a sought-after status symbol for the Dutch upper classes. By 1636, bulbs were traded on Dutch stock exchanges, creating speculation in the markets at all levels of society.
The general idea behind value investing is that, for any of several reasons, a stock may be trading at a price that is far below its intrinsic value.
According to a recent study by Black Rock International, at the end of February 2011, the global ETF industry had 2,557 ETFs with 5,802 listings and assets of $1.3 trillion (in U.S. dollars) from 140 providers on 48 exchanges around the world.