- Alternative Assets
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- Quarterly Global Valuations
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Financial History
Firm
Author
Type
Financial History
December 2025
Global Housing Returns, Discount Rates, and the Emergence of the Safe Asset, 1465 2024
Paul Schmelzing
Research
77 Pages
Boston College reconstructs centuries of housing returns and discount rates to understand how real estate and sovereign bonds evolved as core assets.
Markets
March 2025
Global Investment Returns Yearbook 2025 (GIRY)
UBS
Elroy Dimson, Dr. Mike Staunton, Paul Marsh
Research
22 Pages
UBS updated their annual GIRY, which highlights the evolution of global markets over the past 125 years. The summary edition can be downloaded in the link above.
Markets
November 2024
Pricing of Corporate Bonds: Evidence From a Century-Long Cross-Section
Research
48 Pages
This study presents a comprehensive corporate bond return database covering 128 years of U.S. financial history, offering insights into pricing patterns and risk factors that were previously obscured by shorter data samples.
Markets
June 2024
The Life Cycle of Market Champions
Bridgewater
Bob Prince, Thomas Maisonneuve, Khia Kurtenbach
Research
12 Pages
Bridgewater takes a historical look at how market champions of the past and if there are insights into how today’s market champions may perform in the next decade.
Markets
May 2024
Learn from Last Tech Bubble to Embrace GenAI Mania
Research Affiliates
Que Nguyen
Research
8 Pages
Research Affiliates studies the internet bubble of the 1990s as a guide for how to think about the AI craze today.
Markets
November 2017
The Rate of Return on Everything, 1870–2015
Federal Reserve Bank
Research
123 Pages
The study investigates historical returns across major asset classes since 1870, finding that both housing and equities have generated similar returns, though housing shows lower volatility. It also highlights that, globally, the weighted rate of return on capital was twice as high as the growth rate in the past 150 years.