Elroy Dimson

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US president Donald Trump watches as China’s vice premier Liu He speaks with US trade representative Robert Lighthizer in the Oval Office in February. Photograph:   Getty Images

There’s been much chatter lately as to whether Warren Buffett may have lost his touch. Much of the debate centres around Kraft Heinz, with Buffett las(...)

The notion that stocks are inevitably a good long-term bet ignores the fact that equities have not always survived troubled periods.

A lottery winner addresses his audience and implores them to never stop buying lottery tickets, no matter what anyone tells them. “I failed again and(...)

Pedestrians  reflected in a stock market indicator board in Tokyo, November 2017. Photograph: Epa/Franck Robichon

The ongoing global stock market rally has lifted Japanese stocks to their highest level in 25 years. Put another way, if you’d bought the Japanese ind(...)

US president Donald J Trump waves after speaking  at the Values Voter Summit in Washington, DC, October 13th, 2017. Photograph: Michael Reynolds/EPA

Saying Donald Trump is mistaken is like saying Wednesday follows Tuesday – everyone knows it to be true. Still, let me say it: Trump is mistaken about(...)

Globally, almost $23 trillion, or 26 per cent of all professionally managed assets, is now invested in “responsible investment strategies”, according to the Global Sustainable Investment Alliance. Photograph: Getty Images

Once a niche field, socially responsible investing is big business today, accounting for more than a quarter of assets under management globally. Can (...)

It may not be moral to invest in so-called sin stocks but it sure is profitable.Tobacco has been the best-performing sector in the US over the last 11(...)

Traders in the New York Stock Exchange: The US was the big winner of the 20th century. Excluding the US, real global returns averaged just 4.4 per cent. photograph: reuters

Over the long run, equities have enjoyed handsome returns, but does it follow that “buy and hold” invariably delivers for investors? Is it the (...)