John Husselbee: A bad dose of acronym fever

Finance has perennially been a world beset by these collections of letters, with ‘FAANG' - covering the fast-growing tech names in the US of Facebook, Amazon, Apple, Netflix and Google ­- among the most recent additions to the canon. But while such terms quickly become commonplace, I would suggest many simply encapsulate short-term fads and fashions and can lead investors into potentially risky waters. If we go back to the turn of the century for example, everyone under the sun was talking about ‘TMT' stocks and everything not related to technology, media and telecoms was effectively ...