Triumph of the Optimists: 101 Years of Global Investment Returns

"Brilliant."—Time
"By far the most important investment book in years."—Bloomberg Money
"A book that belongs on every investor's bookshelf."—MSN.com
An essential and authoritative account of a century of investment returns in sixteen countries—the U.S., the U.K., Japan, France, Germany, Canada, Italy, Spain, Switzerland, Australia, the Netherlands, Sweden, Belgium, Ireland, Denmark, and South Africa

Investors have too often extrapolated from recent experience. In the 1950s, who but the most ram...