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Triumph of the optimists by Elroy Dimson, Mike Staunton, Paul Marsh

Triumph of the optimists Elroy Dimson, Mike Staunton, Paul Marsh ebook
Format: pdf
ISBN: 0691091943, 9780691091945
Publisher: PUP
Page: 353

And Japan are the obvious winners. In Triumph of the Optimists: 101 Years of Global Investment Returns (2002), the authors looked at equity returns from capital gains and dividends from 1900 to 2000. At the very least, this [book] suggests that the recent blind adherence to the cult of the equity needs to be questioned and that the strategic weighting of bonds in institutional portfolios should be increased. The market always finds a way to overcome the problem of the day and head higher. History has shown the ascendency of the U.S. To illustrate this point, here is a great pie chart from Investopedia, taken from the book Triumph of the Optimists: 101 Years of Global Investment Returns: The U.S. Equity markets are a testament to the triumph of the optimists. †� Swedroe, The Only Guide You'll Ever Need for the Right Financial Plan, Bloomberg Press, 2010. For some quite substantial meat to put onto these philosophical bones, see "Triumph of the Optimists: 101 Years of Global Investment Returns" by Dimson, Marsh, and Staunton, Princeton University Press, 2002. Especially considering the empirical evidence in Triumph of the Optimists that it is better to hold unhedged portfolios. Title:Triumph of the Optimists: 313 Years of Global Investment Returns Author:Elroy Dimson, Paul Marsh, Mike Staunton Publisher:Princeton University Press ISBN:1693193963. @Rob: Thanks for your comment,.