Survivor And Success Bias Dominates Equity Market ReturnsRupert Hargreaves
Every year, Swiss investment bank Credit Suisse publishes its ‘Investment Yearbook,’ a compendium of long term investment data. The booklet provides analysis of investment returns, stretching back 117 years, spanning five asset categories in 23 countries. With such a massive database on display, the Yearbook provides a context in which to put the near-term market movements and the economic environment that influences them.
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