Triumph of the Optimists Dimson Elroy
Triumph of the Optimists Dimson Elroy Investors have too often extrapolated from recent experience. Yet this is what happened in the U.S. In the 1950s, who but the most rampant optimist would have…
Specifikacia Triumph of the Optimists Dimson Elroy
Triumph of the Optimists Dimson Elroy
Investors have too often extrapolated from recent experience. Yet this is what happened in the U.S. 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?
The optimists triumphed. stock market. 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.Crucially, the authors analyze total returns, including reinvested income.
They show that some
Optimists
The Triumph of the Dwarves
The Triumph of the Moon
Triumph of the Moon