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Triumph of the Optimists: 101 Years of Global Investment Returns
Triumph of the Optimists 101 Years of Global Investment Returns
Author: Elroy Dimson, Paul Marsh, Mike Staunton
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 ...  more »
ISBN-13: 9780691091945
ISBN-10: 0691091943
Publication Date: 1/1/2002
Pages: 320
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Publisher: Princeton University Press
Book Type: Hardcover
Members Wishing: 5
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