Survivor And Success Bias Dominates Equity Market Returns

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. Australia: The Best Place For You Money For The Next Decade? Convexity And Money Volatility Points To A VIX Below 8 Survivor and success bias dominates equity market returns This year, one of the starkest charts in the…