It has become an annual tradition here at Abnormal Returns to make a big deal out of the release of the latest (2023) edition of the Credit Suisse Global Investment Yearbook. See posts from 2022, 2020, 2019, 2018, 2017, 2016, 2015, 2014

, 2013 and 2012. The yearbook is now only available online in a summary version to the general public.*

For those of you not aware, the authors of this document, Elroy Dimson, Paul Marsh and Mike Staunton, are also the authors of the well-received Triumph of the Optimists: 101 Years of Global Investment Returns. So these annual updates are, in a sense, additions to the data in the book.*

The value of a document like the Global Investment Returns Yearbook isn’t that it is some sort of roadmap for the returns. Instead it gives us a better sense for where we have been. For example, high and persistent inflation wasn’t on many’s people’s roadmaps a year or two ago, so diving into that data makes a lot of sense.

* Missed the 2021 edition, can’t imagine why…

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.