This is the second in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. Barron’s publishes annual lists of the richest families in the US and around the world. One striking aspect of those lists is the absence in the top 100 of the great […]
This is the first in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. The Dimson-Marsh-Staunton study, first published twelve years ago under the title Triumph of the Optimists, covers a number of important investment issues based on an abundance of statistical information on equities, […]
At a recent client meeting, a consultant stated that they favored active strategies in emerging markets even though, in developed markets, they usually recommended a passive approach. They argued that emerging markets were much less efficient than, say, the US market and that it would therefore be “easier” to add value through active management and […]
Rolf Banz spent his career in the investment industry in the US, the UK and, most recently, in Switzerland. To older people, he is known as the "father of the small firm effect". This weblog consists of a series of essays and shorter pieces on a range of issues at the intersection of institutional investment and investment theory. Please see this post for a description of the objectives of the weblog and the About page for further information on the author and the site.