Triumph of the Optimists: 101 Years of Global Investment Returns
"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."--Philip Coggan,Financial Times"A model of how investor research should be carried out. . . . Like most great books,Triumph of the Optimistshas us saying 'Wow!' and 'Unbelievable!' with startling regularity. . . . This is a book that belongs on every investor's bookshelf."--Victor Niederhoffer and Laurel Kenner, "Money" columnists,msn.com"Connoisseurs of financial history will find plenty to enjoy inTriumph of the Optimists. . . . The evidence produced by Mr. Dimson and his colleagues is striking, [and]. . . these issues are more than just academic. . . . A provocative lesson."--Matthew Lynn,Financial Times"By far the most important investment book in years. . . .It is the best and most complete source of data yet available. . . . If you spend an hour with it and don't learn anything worth the price then you're truly lousy at learning about markets. . . Right 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. . . . [It] epitomizes outstanding investment research. . . . Unless intelligent life is discovered on another planet and a stock market is found to have been operating there for some centuries, it is unlikely that much new data can be brought to bear on the issue of long-run stock returns.Triumph of the Optimistsmay well be the last word on the subject for some time to come."--Active Trader magazine