on 14 May 2003
The book provides a lot of data, which investors should be aware of before making a rational decision. The book does not provide any advices on investments strategies, so it is not biased towards any of them. However, a rational evaluation of markets and strategies for long term investments needs to be based on a comprehensive understanding of the data. The books provides not only the data for last 101 years for all important markets, but also basic analysis of some of these data. The only weak point I noticed is the time granuality of some of the data (e.g. yields and stddev) which are presented for decades. Yearly (or better monthly) data would provide a better basis for a more comprehensive analysis.
The book is a must reading for investors, especially those being depressed by the market developments in last three years.