Book value is the total value of the net assets of a company attributable to – or owned by – shareholders.

‘Leverage’ is a US term that is also known as ‘gearing’. Both express the extent to which any transaction is financed by debt from lenders as opposed to capital provided by the investor.

Stagflation is a nasty mix of rising prices (based on high demand, production capacity constraints, or both) and falling growth.

Also known as ‘net current assets’, working capital is the total of a firm’s current, or short term, balance sheet assets minus all current liabilities.

The car is set to go the way of the VHS tape – prepare your portfolio

EasyJet hits turbulence

EasyJet hits turbulence

Want the young to be as well off as the middle aged? Force a house price crash

Three reasons to buy gold now

Gold bugs rejoice – central bankers think you’re on to something