Dimson, Elroy; Marsh, Paul; Staunton, Mike - 2009
comprehensive and consistent analysis of investment returns for equities, bonds, bills, currencies and inflation, spanning sixteen … way, with over 130 color diagrams that make comparison easy. Crucially, the authors analyze total returns, including … survivorship bias and that long-term stock returns are in most countries seriously overestimated, due to a focus on periods that …
