Brayden Warwick

Well, I think he was just so cool from my perspective as someone who's used the DMS data for years now.

I use it all the time to just hear the origin story about why he decided to collect the data and all that went into it over the course of time.

And then it just really brought the data to life to me to hear his perspective on it.

Yeah, it was just such a cool conversation.

Really a pleasure to talk to Elroy.

So what was the process like to assemble the data for your 2002 book, Triumph of the Optimists?

So what about stock markets that don't survive or succeed?

What happens in that case and how does that affect global average stock returns?

At the beginning of the status series back in 1900, can you describe what the composition of the country weights looked like back then, and then how did that evolve over time to get where we're at today?

That's super interesting.

We talked about railways already, but more generally, what's the historical relationship between industry growth and stock returns?

Super interesting.

Makes a lot of sense.

What impact has global diversification had on long-term risk and returns?

So on that note, how have the benefits of international diversification evolved over time?

That's a fascinating story.

Yeah, crazy.

How important would you say that industry diversification is relative to country diversification?

Do you think the size and value premiums are still worth pursuing today?

So looking at markets today with wars, high valuations and the fear of AI and so on, how should investors remain optimistic?