Zero-Sum Game

A situation in which one person's gain is another's loss.

A situation in which one person's gain is another's loss.

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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Base rate

What's the base rate?
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Formal admission

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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