The Best Performing Stocks of The Last 100 Years

In today's podcast we discuss the top performing stocks of the last 100 years.  Which countries have had the best performing stock markets, and which factors drive outperformance.  Every year, in association with Credit Suisse, Elroy Dimson, Paul Marsh and Mike Staunton of London Business School, release The Credit Suisse Global Investment Returns Yearbook which analyses global market returns since 1900. The 2020 edition gives us the insights gleaned from examining 120 years of global markets data. The team look at stocks, bonds, bills, inflation and currency for 23 national markets and for the world as a whole.  Here is a link to their book on Amazon: https://amzn.to/3avJH9AAfter analyzing the lifetime returns of 25,967 common stocks, Hendrik Bessembinder of Arizona State University determined that just 1,092 of those stocks -- or about 4% of the total -- generated all of the $34.8 trillion in wealth created for shareholders by the stock market between July 1926 and December 2016. Even more striking, a mere 50 stocks accounted for well over one-third (39.3%) of that amount. Over a 90-year span, 96% of all stocks collectively performed no better than risk-free 1-month Treasury bills.The Credit Suisse Global Investment Returns Yearbook: https://www.credit-suisse.com/about-us/en/reports-research/studies-publications.htmlHendrik Bessembinder Paper https://tinyurl.com/fw1mri8lPatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle Support the show

Om Podcasten

This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.