Stamps and Financial Investment. Steve Satchell; Trinity College, Cambridge. European Inquire Istanbul October 2012. Purpose of Talk. Stamps as investment assets From perspective of high net worth (HNW) From perspective of institutional investment. Stamps as Investment Assets.
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Steve Satchell; Trinity College, Cambridge.
form of compulsion
. Uses SG catalogue prices over 1900 to 2008,
Finds annualised return of 7.5%,real return of 2.7%
Between equity and bond
and net return;10 year horizon too short for investment.