Triumph of the Optimists: 101 Years of Global Investment Returns by Mike Staunton, Elroy Dimson, Paul Marsh

Triumph of the Optimists: 101 Years of Global Investment Returns

Mike Staunton, Elroy Dimson, Paul Marsh

352 pages first pub 2002 (editions)

nonfiction economics history informative slow-paced
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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. ...

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