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

Triumph of the Optimists: 101 Years of Global Investment Returns

Paul Marsh, Elroy Dimson, Mike Staunton

352 pages first pub 2002 (view 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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