If anyone told you that investing in the stock market was the safest investment you could make, you might raise an eyebrow. However, if Jeremy Siegel tells you this, prepare to be convinced. Siegel's book, Stocks for the Long Run, is a comprehensive and highly readable history of the stock market that dramatically makes the case for long-term investing in stocks.
In summing up his approach to investing, Siegel writes, "Poor investment strategy, whether it is for lack of diversification, pursuing hot stocks, or attempting to time the market, often stems from the investor's belief that it is necessary to beat the market to do well in the market. Nothing is further from the truth. The principle of this book is that through time the after-inflation returns on a well-diversified portfolio of common stocks have not only exceeded that of fixed income assets but have actually done so with less risk. Which stocks you own is secondary to whether you own stocks, especially if you maintain a balanced portfolio."
Stocks for the Long Run considers subjects as diverse as the history of the various market indices and what makes for a business cycle to contrarian indicators and the utility of 200-day moving averages. If you've just come into investing in the last few years and feel the need for a solid and comprehensive text about the market, Stocks for the Long Run is probably the best primer available. It also works as an excellent reference for seasoned investors and anyone else interested in how the market works. --Harry C. Edwards
From Booklist
Given the daily and sometimes extreme fluctuations in the stock market, it takes an investor with both nerve and patience to build and maintain a long-term portfolio. But Siegel, a Wharton School professor of finance who directs the Securities Industry Association Institute, argues that, historically, stocks are safer and more productive, over the long run, than most other forms of investment. He explains how to calculate stock returns and examines some of the more technical aspects of analyzing stocks. Siegel also discusses the relationships between the economy, politics, and the stock market, offers basic trading rules, and lays out guidelines for building a portfolio. Though he covers some of the more sophisticated aspects of investing, Siegel targets a general but informed investing public. David Rouse
Book Description
"One of the ten best investing books of all time."--The Washington Post
One of investing's most celebrated icons updates his classic work to reflect today's world and markets
In this long-awaited and eagerly anticipated update, Jeremy iegel provides his legendary perspective and guidance to an investment world turned upside down. Stocks for the Long Run combines a compelling and timely portrait of today's turbulent stock market with the strategies, tools, and techniques investors need to maintain their focus and achieve meaningful stock returns over time.
This completely updated edition includes entirely new data, charts, and figures as it provides answers on the five major issues concerning investors and professionals today: How will events related to September 11 tragedy affect long-term market returns? What behavioral roadblocks stand in the way of achieving financial success? Are "countries" still relevant for global investing? Will stock "indexing" match its past performance? Can tomorrow's stock market deliver the same returns as markets in the past?
Praise for previous editions of Stocks for the Long Run:
"Should command a central place on the desk of any 'amateur' investor or beginning professional."--Barron's
"A simply great book."--Forbes
Download Description
Jeremy Siegel's bestselling book has proven that stocks are the best investment over the long term. Now, this classic guide has been revised to include today's most successful investment strategies.
Book Info
Financial expert Jeremy Siegel gives shrewd and practical advice on building wealth through buying stocks in this thorough analysis of the market and the factors that affect it. DLC: Stocks.
Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies FROM OUR EDITORS
The substantially revised third edition of this classic reference is required reading for serious investors who wish to take full advantage of the market's long-term growth potential.
FROM THE PUBLISHER
First published to universal acclaim in 1994, Stocks for the Long Run has become the definitive book for providing investors with the strategies, tools, and techniques necessary to build significant stock market wealth. Now completely revised and updated -- and with entirely new data, charts, and figures -- this eagerly anticipated third edition once again offers today's most compelling argument for the long-term necessity of stock market investment. It remains the classic guide for building a solid portfolio of domestic and foreign stocks, one designed to shield you from undue risk as it helps you construct a stable and substantial financial legacy.
SYNOPSIS
Jeremy Siegel's classic guide has been revised to include today's most successful investment strategies. With its phenomenal analysis of financial market returns since 1802, no other book offers such an in-depth historical--and yet timely--perspective on what drives the market.
FROM THE CRITICS
USA Today
The timing of the third edition of Stocks for the Long Run...is fortuitous. . . . Siegel's meticulously researched book makes a convincing case that the longer your holding period for stocks is, the better your odds....WIth all the new material and the perspective that Siegel offers for these scary times, he has pulled off the rare feat: making a classic even better. I rate Stocks for the Long Run a strong buy."
BookList - David Rouse
Given the daily and sometimes extreme fluctuations in the stock market, it takes an investor with both nerve and patience to build and maintain a long-term portfolio. But Siegel, a Wharton School professor of finance who directs the Securities Industry Association Institute, argues that, historically, stocks are safer and more productive, over the long run, than most other forms of investment. He explains how to calculate stock returns and examines some of the more technical aspects of analyzing stocks. Siegel also discusses the relationships between the economy, politics, and the stock market, offers basic trading rules, and lays out guidelines for building a portfolio. Though he covers some of the more sophisticated aspects of investing, Siegel targets a general but informed investing public.
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