Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
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International diversification for the long run

November 17, 2011 - 0 comments

Elroy Dimson, Paul Marsh and Mike Staunton are not household names on Bay street or Wall street for that matter. They are three professors at London Business School who have built a long term database (since 1900!) of T-bill, bond and stock market returns for developed countries around the world. This database provides some compelling insights into the behavior of stock vs. bonds in different countries.

At PWL, we continue to base our investment decisions on this type of long term research. Read Raymond Kerzerho’s latest Economic Pulse, to find out more about their insights, as well as the research coming out of Dartmouth and Chicago Universities.

Happy reading!

Tony & Peter

By: Anthony Layton & Peter Guay with 0 comments.
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