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Triumph of the optimists Elroy Dimson, Mike Staunton, Paul Marsh
Publisher: PUP

In 2002, three economics professors — Elroy Dimson, Paul Marsh and Mike Staunton — published Triumph of the Optimists, an exhaustive look at a century's worth of investment returns. Manchester Sailing Association members triumph in Orange Bowl The competition consisted of three types of boats: Optimists, which are single-handed, and 420's and Lasers, which are both double-handed. Misbah-ul-Haq optimistic about Pakistan's triumph over England – Cricket News Update Misbah-ul-Haq, the Pakistani captain, hopes that his team will. Despite all that and more, U.S. Stocks – as tracked by Dimson, Marsh, and Staunton in their excellent book, Triumph of the Optimists – appreciated about 1.5 million percent. The Disciplined Trader by Mark Douglas via Charles E. Triumph of the Optimists by Elroy Dimson, Paul Marsh and Mike Staunton via Meb Faber – World Beta. Investors have too often extrapolated from recent experience. AFAIK the Triumph of the optimists book also based on Credit Suisse Global Investment Returns Yearbook by London Business School. This work was inspired by the work of Dimson, Marsh and Staunton from Triumph of the Optimists. The top 25% of countries sorted on yield outperform the bottom 25% by about 4% per annum, rebalanced yearly (all in USD). 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? This book is probably expensive because the publisher figures that those who want the book aren't very price sensitive, and that they won't sell very many more copies by lowering the price.