Equities and inflation
With global inflation rising, a new Credit Suisse report co-authored by Professor Elroy Dimson of Cambridge Judge Business School notes that while equities have beat inflation over history they have not hedged against inflation. With inflation now rising around the…
Financial Times: Equities are the only sensible foundation for private pensions
A report on investment returns co-authored by Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, quoted in the Financial Times article. “The work of Elroy Dimson, Paul Marsh and Mike Staunton in…
Long-term returns
Following high returns in the 1980s and 1990s, real equity returns have since been below historical averages despite pandemic recovery, says Credit Suisse Yearbook. Professor Elroy Dimson Investors benefited from high returns in the 1980s and 1990s, but since then…
Investment Week: From 20 to zero: What is not to love about Chinese equities?
A research co-authored by Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, is featured in the article. The study found there is “no evidence of a connection between growth in a country's…
The Wall Street Journal: What the history of very low interest rates can tell investors
Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School comments on relationship between real rates and equity returns in the Wall Street Journal article. (subs) Read the full article [wsj.com]…
The Economist: What is the link between inflation and equity returns?
A report co-authored by Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, is quoted in the article on equity returns. According to the Credit Suisse Global Investment Returns Yearbook “global equities have…
Stock market volatility
Market volatility to COVID-19 crisis second only to 1987 stock market crash over past 120 years. Stock market volatility during the COVID-19 crisis has been second only to the October 1987 stock market crash over the past 120 years, Professor…
The long view
Credit Suisse Global Investment Returns Yearbook 2020, co-authored by Professor Elroy Dimson of Cambridge Judge Business School, finds that equities remain the best long-term investment. The Credit Suisse Global Investment Returns Yearbook 2020, co-authored by Professor Elroy Dimson of Cambridge…
Understanding the cross-section of international equity markets
Dr Argyris Tsiaras A large literature in international finance has established the relevance of a wide array of frictions in financial investments across borders leading to the concentration of equity investments within national borders (home bias in equity portfolios) and…
Long-term economic outlook and equity prices
by Dr Adelphe Ekponon, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Adelphe Ekponon The very first asset pricing models (also called Capital Asset Pricing Models or CAPM) have postulated that the only risk…
