{"title":"Elroy Dimson","description":"\u003cp\u003eWelcome to the \u003cem\u003eElroy Dimson\u003c\/em\u003e collection, a treasure trove for readers interested in understanding the intricacies of finance and investment. Elroy Dimson is renowned for his groundbreaking work in financial economics, offering profound insights into market trends and historical analyses through his compelling publications.\u003c\/p\u003e\n\n\u003cp\u003eHis acclaimed work, \u003cem\u003eTriumph of the Optimists\u003c\/em\u003e, is a standout piece that delves into stock market returns over the twentieth century. This book is celebrated for its extensive data analysis and thought-provoking conclusions, making it an essential read for both seasoned investors and novices eager to gain a deeper understanding of market behaviours.\u003c\/p\u003e\n\n\u003cp\u003eDimson's writing is characterised by a clear and informative style, making complex financial concepts accessible to a broad audience. Whether you're exploring asset pricing or the history of stock investments, his works serve as an excellent resource for those who want to make informed financial decisions.\u003c\/p\u003e\n\n\u003cp\u003eDiscover the world of finance and investment through Elroy Dimson's expertly crafted books, and empower yourself with the knowledge to navigate the ever-evolving financial landscape.\u003c\/p\u003e","products":[{"product_id":"triumph-of-the-optimists-by-elroy-dimson-9780691091945","title":"Triumph of the Optimists","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eInvestors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamed that over the next fifty years the real return on equities would be 9 percent 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.\u003c\/p\u003e\n\n\u003cp\u003eThe authors of \u003cem\u003eTriumph of the Optimists\u003c\/em\u003e 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.\u003c\/p\u003e\n\n\u003cp\u003eThey 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, because of a focus on periods that with hindsight are known to have been successful.\u003c\/p\u003e\n\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\n\u003cp\u003eThe book covers the United States, the United Kingdom, Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, The Netherlands, Sweden, Belgium, Ireland, Denmark, and South Africa.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eTriumph of the Optimists\u003c\/em\u003e 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.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":46714960052460,"sku":"9780691091945","price":374.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/906593482434.jpg?v=1754377741"}],"url":"https:\/\/bookhero.co.nz\/collections\/elroy-dimson.oembed","provider":"Book Hero","version":"1.0","type":"link"}