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The Economist: Watch what they pay

A study on historical stock market returns co-authored by Professor Elroy Dimson, Chairman of the Newton Centre for Endowment Asset Management at Cambridge Judge Business School, is featured in The Economist. The study shows that the real annual total return from American shares since 1900 has been 6.4 per cent, mostly from reinvested dividends rather than capital gains.

Read the full article [economist.com]