Ignore central bankers – finding value is the key to making money

With markets at the mercy of central bankers' whims, many investors don't know which way to turn. But what really matters in investing is finding value, says John Stepek. Here, he explains where to find it now.

I like to keep an eye on sentiment indicators.

It's interesting to know how other investors feel about what's going on in the markets. After all, markets are driven by human beings, and human beings are in turn driven by a lot more than just rational analysis of the numbers.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.