Editor’s Note: This blog post is the second installment in a series challenging conventional wisdom about stock market performance compared to bonds. Analyzing US stock and bond records dating back to 1792, Edward McQuarrie shares insights that may surprise you.
The CFA Institute Research and Policy Center recently hosted a panel discussion featuring industry experts like Rob Arnott, Elroy Dimson, Roger Ibbotson, and Jeremy Siegel. Moderated by Laurence B. Siegel, the discussion brought to light conflicting views on the equity risk premium and McQuarrie’s groundbreaking research. Stay tuned for the video release by subscribing to Research and Policy Center updates.
Edward McQuarrie:
In his previous post, McQuarrie presented a fresh take on US stock and bond returns, challenging Siegel’s long-standing beliefs in Stocks for the Long Run. This blog series, adapted from his published article in the Financial Analysts Journal, “Stocks for the Long Run? Sometimes Yes, Sometimes No,” delves deeper into the research findings available on Taylor & Francis.
Addressing a reader’s concern about the relevance of historical data, McQuarrie sheds light on recent international market history analysis. Discover how data from Elroy Dimson, Bryan Taylor, Oscar Jorda, and others have expanded the scope of historical returns, allowing for a more comprehensive understanding of global financial markets.
New International Data is Available
Discover how recent international market history research and data analysis have shaped investment insights and challenged traditional beliefs. Data sets from various experts provide a fresh perspective on global markets beyond the US borders.