000			05423nam a22006135i 4500
001			205793
003			IT-RoAPU
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006			m|||||o||d||||||||
007			cr || ||||||||
008			210830t20092002nju fo d z eng d
020			_a9780691091945 _qprint
020			_a9781400829477 _qPDF
024	7		_a10.1515/9781400829477 _2doi
035			_a(DE-B1597)9781400829477
035			_a(DE-B1597)453537
035			_a(OCoLC)979578964
040			_aDE-B1597 _beng _cDE-B1597 _erda
050		4	_aHG4516
072		7	_aBUS036000 _2bisacsh
082	0	4	_a332.609
084			_aonline - DeGruyter
100	1		_aDimson, Elroy _eautore
245	1	0	_aTriumph of the Optimists : _b101 Years of Global Investment Returns / _cPaul Marsh, Mike Staunton, Elroy Dimson.
250			_aCourse Book
264		1	_aPrinceton, NJ : _bPrinceton University Press, _c[2009]
264		4	_c©2002
300			_a1 online resource (352 p.) : _b131 color illus
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0	0	_tFrontmatter -- _tContents -- _tPreface -- _tPART ONE: 101 years of global investment returns -- _tChapter 1. Introduction and overview -- _tChapter 2. World markets: today and yesterday -- _tChapter 3. Measuring long-term returns -- _tChapter 4. International capital market history -- _tChapter 5. Inflation, interest rates, and bill returns -- _tChapter 6. Bond returns -- _tChapter 7. Exchange rates and common-currency returns -- _tChapter 8. International investment -- _tChapter 9. Size effects and seasonality in stock returns -- _tChapter 10. Value and growth in stock returns -- _tChapter 11. Equity dividends -- _tChapter 12. The equity risk premium -- _tChapter 13. The prospective risk premium -- _tChapter 14. Implications for investors -- _tChapter 15. Implications for companies -- _tChapter 16. Conclusion -- _tPART TWO: Sixteen countries, one world -- _tChapter 17. Our global database -- _tChapter 18. Australia -- _tChapter 19. Belgium -- _tChapter 20. Canada -- _tChapter 21. Denmark -- _tChapter 22. France -- _tChapter 23. Germany -- _tChapter 24. Ireland -- _tChapter 25. Italy -- _tChapter 26. Japan -- _tChapter 27. Netherlands -- _tChapter 28. South Africa -- _tChapter 29. Spain -- _tChapter 30. Sweden -- _tChapter 31. Switzerland -- _tChapter 32. United Kingdom -- _tChapter 33. United States -- _tChapter 34. World -- _tReferences -- _tAbout the Authors -- _tIndex
506	0		_arestricted access _uhttp://purl.org/coar/access_right/c_16ec _fonline access with authorization _2star
520			_aInvestors 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 never had much experience. The authors of this book extend our experience across regions and across time. They present a comprehensive and consistent analysis of investment returns for equities, bonds, bills, currencies and inflation, spanning sixteen countries, from the end of the nineteenth century to the beginning of the twenty-first. 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. 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. The authors reveal whether the United States and United Kingdom have had unusually high stock market returns compared to other countries. 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 Africa. Triumph of the Optimists is required reading for investment professionals, financial economists, and investors. It will be the definitive reference in the field and consulted for years to come.
530			_aIssued also in print.
538			_aMode of access: Internet via World Wide Web.
546			_aIn English.
588	0		_aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650		0	_aBusiness.
650		0	_aCapital market _xHistory _y20th century.
650		0	_aInvestments _xHistory _y20th century.
650		0	_aInvestments, Foreign _xHistory _y20th century.
650		0	_aRate of return _xHistory _y20th century.
650		0	_aStocks _xHistory _xPrices _y20th century.
650		7	_aBUSINESS & ECONOMICS / Investments & Securities / General. _2bisacsh
700	1		_aMarsh, Paul _eautore
700	1		_aStaunton, Mike _eautore
850			_aIT-RoAPU
856	4	0	_uhttps://doi.org/10.1515/9781400829477
856	4	0	_uhttps://www.degruyter.com/isbn/9781400829477
856	4	2	_3Cover _uhttps://www.degruyter.com/cover/covers/9781400829477.jpg
942			_cEB
999			_c205793 _d205793