2025 has been a rocky year so far for equity investors, but how you respond can make or break a long-term investment strategy.

Western Midstream Partners L.P. 2.39% $14.35B ...

Over my forty years or so in and around dealing rooms and financial markets, I have heard many theories as to how to approach that problem and have settled on a process that has worked for me.

The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.