Professor Elroy Dimson, Chairman of Newton Centre for Endowment Asset Management, Cambridge Judge Business School
Since the 2008 financial crisis, there has been a resurgence of interest in economic and financial history among investment professionals. Some practitioners have long understood the benefit of learning from our financial past.
Financial Market History: Reflections on the Past for Investors Today, a new book edited by David Chambers and Elroy Dimson of Cambridge Judge Business School, contains many lessons for modern investors from the history of financial markets – ranging from stock market bubbles and episodes of currency speculation to the long-term returns from investing in the stock market.
In this Business Briefing, Professor Elroy Dimson will present some key themes from the book, which is divided into four main sections: historical risks and returns on various assets, the development of stock markets, bubbles and crises, and the role of innovation in financial markets.
Professor Dimson will also discuss some of his other research and how it has been used in leading investment organisations.
A complimentary copy of Financial Market History will be given to all attendees.
Elroy Dimson chairs the Newton Centre for Endowment Asset Management at Cambridge Judge Business School, and is Emeritus Professor of Finance at London Business School. His research focuses on investing for the long term, and he and his co-authors have become well known for their studies of the investment performance from 1900 to date of financial assets in 23 countries and real assets such as wine, stamps, art and other collectibles. His publications, with several colleagues, on endowment asset management and on responsible investing have been recognised by several awards.
Books include Global Investment Returns Yearbook (2017, with Paul Marsh and Mike Staunton), Financial Market History (2017, with David Chambers), Endowment Asset Management (2007, with Shanta Acharya), and Triumph of the Optimists (2002, with Paul Marsh and Mike Staunton). Recent articles (since 2015) on active ownership (Review of Financial Studies), real assets (Journal of Financial Economics), financial history (Journal of Financial and Quantitative Analysis), and endowment strategy (Financial Analysts Journal). Cases on manager selection, real estate, and stocks for the long run (Harvard Business School, 2016).
Professor Dimson chairs the Advisory and Policy Boards of FTSE Russell, and serves on the Advisory Council of Financial Analysts Journal and the Steering Committee of the Financial Economists’ Roundtable. Until 2016 he chaired the Strategy Council of the Norwegian Government Pension Fund Global, and before going to Cambridge was a Governor and Professor at London Business School. He is an Honorary Fellow of CFA UK and of the Institute of Actuaries; and a Fellow of the Royal Historical Society, the Risk Institute at Ohio State University, and of Gonville and Caius College, Cambridge. His PhD is from London Business School.
18:30-19:00 Arrival and registration 19:00-20:00 Business briefing 20:00-21:00 Networking reception
£20 per person (a limited number of half-price tickets are available for current CJBS students).
Cambridge Judge Business School would like to thank BNY Mellon for its sponsorship of the Business Briefings International Series for 2017. To find out more about what BNY Mellon do, visit their website.