Lecture by Professor Elroy Dimson - 6 September in Seattle
The Fourth Harry and Barbara Markowitz lecture
“Long-Term Investment Returns” by Professor Elroy Dimson
Vince Smith, CIO, New Mexico State Investment Council
September 6th, 4pm Gallery Room, The Rainier Club, 820 4th Ave, Seattle.
We would like to invite you to a talk by Professor Elroy Dimson, Bye-Fellow and member of the Investments Committee at Caius, and Research Director and Chair of the Newton Centre for Endowment Asset Management of the Judge Business School. Professor Dimson's research focuses on long horizon investing, and he and his co-authors have pioneered long-term market return research in 23 countries from 1900 to the present – a project chronicled in their book “Triumph of the Optimists” and in many subsequent publications. You can find out more about Professor Dimson's work at Caius here.
His practitioner credentials are equally impressive: from 2007-16 he was a Council Member of the Norwegian Government Pension Fund Global, one of the largest sovereign wealth funds in the world, chairing the Fund’s Strategy Council from 2010-16. A co-designer of the FTSE 100 index, he chairs the Academic and Policy Boards for FTSE Russell. His talk will complement the studies of the Dimson-Marsh-Staunton data that underpin several sections of Harry Markowitz’s recent book, Risk-Return Analysis, Volume 1. Drawing on his experience in guiding sovereign funds and endowments, Professor Dimson will address the crucial issue of how to make reasonable, forward-looking return projections for equities, bonds and balanced portfolios, and how this can guide asset owners on sustainable levels of spending in today’s low-return world.
The talk is being organised by the Mountain Pacific Institute and honors Harry Markowitz, the father of Modern Portfolio Theory. The event will run from 4:00 to 5:30pm on 6 September in the Rainier Club.
This an invitation-only gathering, so if would like to attend, please respond to Brian Stoner (firstname.lastname@example.org) with your name, role and organization. There will also be some complimentary copies of the recent CFA book by Elroy Dimson and David Chambers, “Financial Market History: Reflections on the Past for Investors Today“.
We very much hope that you will take this opportunity to meet the world's foremost authority on the history of financial markets.