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Triumph of the optimists by Elroy Dimson, Mike Staunton, Paul Marsh

Triumph of the optimists Elroy Dimson, Mike Staunton, Paul Marsh ebook
Page: 353
ISBN: 0691091943, 9780691091945
Format: pdf
Publisher: PUP

In its sparse simplicity my spring garden can not rival the sumptuous drifts of spring flowers of more southerly gardens but for me every flower is a triumph of hope over adversity. Those of us on the policy side of technology are often optimistic about technology's transformative potential, and pessimistic about its inevitable triumph. Sources: Triumph of the Optimists PWL Capital's paper explaining why currency-hedging has tracking error issues. The empirical data yield an estimate of ?=2.3 for the loss aversion index. They are still in control of the instruments that have steered Zimbabwe since independence in 1980—the army, the police, the air force, and the intelligence organisation. (See Dimson, Marsh, and Staunton, Triumph of the Optimists: 101 Years of Global Investment Returns). Investors 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? Optimist's Tour is fine as far as it goes, but I wish it went further. 4 Don't be influenced by fashion and what looks cool today usually looks silly a few years later. [Triumph of the Optimists: 101 Years of Global Investment Returns, 2002 (Princeton University Press)]. By the storms they are amazingly resilient.