2022 was one of the worst years for bond returns. Conservative investors with larger bond allocations in their portfolio would have suffered large paper losses in the face of the fastest interest rate hiking cycle in history. But these losses could mean additional future returns.

Strategies which reach for yield often lead to heightened volatility and magnified losses during times of market stress, and if emotions get the better of them, investors will inadvertently sell the assets at the worst possible time.

Janitor Robert Read amassed millions despite his meagre earnings. How did he do it?

A philosopher once said that nothing is as difficult for people as not deceiving themselves. But while most self-delusions are relatively costless, those relating to investments come with a hefty price tag.

Companies and countries have used markets for years to raise money from public investors. In return, investors receive compensation for the risk they take. But not all companies - or countries - are the same.