Triumph of the Optimists: 101 Years of Global Investment Returns
| Author | : | |
| Rating | : | 4.45 (580 Votes) |
| Asin | : | 0691091943 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2015-11-27 |
| Language | : | English |
DESCRIPTION:
The authors reveal whether the United States and United Kingdom have had unusually high stock market returns compared to other countries. 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. 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. They show that some historical indexes overstate long-term performance because they are contaminated by survivorship bias and that long-term stock returns are in most countries seriously overestimated, due to a focus on periods that with hindsight are known to have been successful.The book also provides the first comprehensive evidence on the long-term equity risk premium--the reward for bearing the risk of common stocks. stock market. The book covers the U.S., the U.K., Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, the Netherlands, Sweden, Belgium, Ireland, Denmark, and South A
GC Fourie said Priceless. This book, together with a good book on Warren Buffet basics, will provide the private stock market investor with the tools needed for extraordinary investment success. First, a book on Buffet basics will teach the investor how to identify exceptional businesses and how to. Tim Josling said Very disappointing given the price. This is a very handsome book with lovely graphs etc. However I was after a useful summary of historical market performance.This book was lacking in several respects:1. The numbers behind the graphs are not provided and are not available so you cannot do any further analysi. David Merkel said Another Book Review by the Aleph Blog. Good investors are typically skeptical. They don't buy every idea that comes their way, but they test and probe to find ideas with compelling value that are misunderstood by others. That said, the best investors are prudent risk-takers. They continue to search for good inv
Triumph of the Optimists may well be the last word on the subject for some time to come."--Active Trader magazine. If you spend an hour with it and don't learn anything worth the price then you're truly lousy at learning about marketsRight now, buying this book makes more sense than buying stocks."--Ken Fisher, Bloomberg Money"A brilliant new book."--Jason Zweig, Time"Our favorite book on global stock market performance. Dimson and his colleagues is striking, andthese issues are more than just academic. "At the very least, this book suggests that the recent blind adherence t