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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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.