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Financial Times: There is no stock market bubble

A report on investment returns co-authored by Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, featured in the article. The Credit Suisse Global Investment Returns Yearbook 2020 “estimated the excess return on world stocks over bonds at 3.2 percentage points between 1900 and 2020.” (subs)

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