Credit Suisse has released their annual investment returns yearbook which is always a good reminder of the benefits in taking sensible long term views on investing. The one thing that always strikes me when I read this report is how well Australia fares in terms of long term performance of our share market, which as you can see from the chart below it is second only to South Africa over the 116 year period shown.

From Credit Suisse Global Investment Returns Yearbook. Source :- Elroy Dimson, Paul Marsh and Mike Staunton, Triumph of the Optimists, Princeton University Press, 2002 and subsequent research.

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