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Triumph of the optimists: 101 years of global investment returns.

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Title:
Triumph of the optimists: 101 years of global investment returns.
Author: Dimson, Elroy ; Dimson, Elroy ; Marsh, Paul ; Staunton, Mike
Subjects: BUSINESS & ECONOMICS ; Economics ; Finance ; History ; International investment ; Investment ; Investments ; Investments & Securities ; Rate of return
Description: Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However, as Don Marquis observed, an optimist is someone who never had much experience. The authors of this book extend our experience across regions and across time. They present a comprehensive and consistent analysis of investment returns for equities, bonds, bills, currencies and inflation, spanning sixteen countries, from the end of the nineteenth century to the beginning of the twenty-first. This is achieved in a clear and simple way, with over 130 color diagrams that make comparison easy.
Publisher: Princeton: Princeton University Press
Creation Date: 2009
Format: 352
Language: English
Identifier: ISBN: 9780691091945
ISBN: 140082947X
ISBN: 9781400829477
ISBN: 0691091943
EISBN: 140082947X
EISBN: 9781400829477
DOI: 10.1515/9781400829477
OCLC: 638860537
LCCallNum: HG4516
Source: ScholarVox International

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