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My #1 Read of the Year
I’m taking the red-eye to Colombia tonite, so I have printed out a big stack of papers for the plane. I am super excited to be reading probably my favorite update of the year, the Credit Suisse Global Investment Returns Yearbook 2013 (previous versions 2012, 2011) which are all updates to the great DMS book Triumph of the Optimists: 101 Years of Global Investment Returns. If this isn’t my favorite investment book it is definitely in the top 5 (with only 14 reviews on AMZN, what are you thinking publishers?!?!).
Below are a few charts before the download:
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![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4d4673e2-7692-4a80-8170-7617120bb5d7/2.8.png?t=1702399268)
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Download here:
(You may not want to be located in the US to download)
Elroy Dimson is Emeritus Professor of Finance at London
Business School, where he has been a Governor, Chair of the
Finance and Accounting areas, and Dean of the MBA and EMBA
programs. He chairs the Strategy Council of the Norwegian
Government Pension Fund – Global, and is a member of the
investment committees of Guy’s & St Thomas’ Charity, London
University, and UnLtd – The Foundation for Social Entrepreneurs.
He is Past President of the European Finance Association and is
an elected member of the Financial Economists Roundtable. He
has been appointed to Honorary Fellowships of Cambridge Judge
Business School, where he holds a visiting professorship; the
Society of Investment Professionals; and the Institute of Actuaries.
He has published articles in Journal of Business, Journal of
Finance, Journal of Financial Economics, Journal of Portfolio
Management, Financial Analysts Journal, and other journals. His
PhD in Finance is from London Business School.
Paul Marsh is Emeritus Professor of Finance at London Business
School. Within London Business School he has been Chair of the
Finance area, Deputy Principal, Faculty Dean, an elected Governor
and Dean of the Finance Programmes, including the Masters in
Finance. He has advised on several public enquiries; is currently
Chairman of Aberforth Smaller Companies Trust; was previously a
non-executive director of M&G Group and Majedie Investments;
and has acted as a consultant to a wide range of financial
institutions and companies. Dr Marsh has published articles in
Journal of Business, Journal of Finance, Journal of Financial
Economics, Journal of Portfolio Management, Harvard Business
Review, and other journals. With Elroy Dimson, he co-designed the
FTSE 100-Share Index and the Numis Smaller Companies Index,
produced since 1987 at London Business School. His PhD in
Finance is from London Business School.
Mike Staunton is Director of the London Share Price Database,
a research resource of London Business School, where he
produces the London Business School Risk Measurement
Service. He has taught at universities in the United Kingdom,
Hong Kong and Switzerland. Dr Staunton is co-author with Mary
Jackson of Advanced Modelling in Finance Using Excel and VBA,
published by Wiley and writes a regular column for Wilmott
magazine. He has had articles published in Journal of Banking &
Finance, Financial Analysts Journal, Journal of the Operations
Research Society, and Quantitative Finance. With Elroy Dimson
and Paul Marsh, he co-authored the influential investment book
Triumph of the Optimists, published by Princeton University Press,
which underpins this Yearbook and the accompanying Credit
Suisse Global Investment Returns Sourcebook 2013. His PhD in
Finance is from London Business School.
Andrew Garthwaite is a Managing Director of Credit Suisse in
the Investment Banking division, based in London. He is
responsible for co-ordinating global regional and sector strategy
for the European Equity Research department. Mr. Garthwaite
joined Credit Suisse First Boston in September 2000. Prior to that
position, he worked for Warburgs (SG, SBC, WDR, then UBS)
from 1987 to 2000, where he had a variety of roles, including
Head of Asset Allocation. Prior to that, he was an economist at
Morgan Grenfell and Co. He is currently ranked in the top three
for both asset allocation and sector selection for global strategy by
Institutional Investor and, for most of the past 14 years, has been
a ranked analyst.