In their study 'Triumph of the Optimists (2000)', London Business School academics Elroy Dimson, Paul Marsh and Mike Staunton illustrated the astonishing success of global (and especially US) equities in the 20th century. Continuing this study annually, the team published its Global Investment Returns Yearbook (in association with Credit Suisse). While there are plenty of reasons to be cautious about future returns, the 2017 report suggests that shares should continue to offer investors a worthwhile premium.
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