Triumph of the Optimists

A comprehensive study of long-term investment returns across sixteen countries, with comparisons spanning equities, bonds, bills, currencies, and inflation from the late nineteenth century to the early twenty-first century. The book focuses on total returns and historical patterns, highlighting how market performance can be distorted by survivorship bias and short time horizons.

Written for investors and financial professionals, it offers a broad international perspective on stock market history and the equity risk premium. The presentation is designed to make cross-country comparisons clear and consistent, supporting readers interested in finance, markets, and historical performance analysis.