Past performances prepare investors

The Dimson, Marsh and Staunton (DMS) Investment Returns database has offered insight to investors for 125 years. The data set offers analysis of an asset class’s performance over many years, offering a better perspective and useful analysis of expected returns. From 1900 to 2024, equity investors were rewarded despite volatility and capital loss risks. However, bondholders were arguably rewarded less well following periods of hyperinflation. A long-term look at asset classes offers a more complete picture than analysis from a single decade. Equity investors, for example, received above-average...