Posted by on Feb 26, 2018 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Christophe Vorlet


By Jason Zweig | Feb. 23, 2018 11:30 am ET


For years now, market strategists — and financial columnists, for that matter — have been warning investors to expect low returns. Nevertheless, stocks have delivered great results.

Over the five years through Thursday, the S&P 500 has earned an average of 14.6% annually, including dividends; in the last 12 months, it’s up 16.7%. The louder the warnings became, the better stocks have performed.

In their latest survey of global investment returns, released this week, financial researchers Elroy Dimson of Cambridge Judge Business School, and Paul Marsh and Mike Staunton of London Business School explore why….


To read the rest of the column: 

The Wall Street Journal




For further reading:


Jason Zweig, Your Money and Your Brain

Jason Zweig, The Devil’s Financial Dictionary

Benjamin Graham, The Intelligent Investor

William Deringer, Calculated Values: Finance, Politics, and the Quantitative Age

Elroy Dimson, Paul Marsh, and Mike Staunton, Triumph of the Optimists: 101 Years of Global Investment Returns





When Investing in Stocks Makes You Feel Like Throwing Up and You Do It Anyway

Can We Be Brutally Honest About Investment Returns?

A (Long) Chat with Peter L. Bernstein

Isaac Newton Learned About Financial Gravity the Hard Way

Buy-and-Hold Is Dead. Long Live Buy-and-Hold