Welcome to the wonderful world of stock market investing
“The gold price may go up, and it may go down—and not necessarily in that order!” – attributed to Harry Oppenheimer, former chief executive of Anglo American
THE STOCK market. Some have likened it to a casino. Others consider it to be more like a zoo (all this talk about bulls and bears certainly feed into this image). Its disciples argue that no investment portfolio is complete without it. Its detractors (usually those who have had their fingers burned) won’t touch it with a barge pole. But what exactly is this “nebulous thing called ‘the market’ ”?
Historically, a market was a physical place whereby traders of goods would gather on specific days each week to dis-play their wares. This physical presence would provide potential buyers to …
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