THE DEFINITIVE GUIDE TO HIGH-RETURN, LOW-RISK EQUITIES-NOW UPDATED TO COVER GLOBAL STOCKS AND ETFS
Stocks for the Long Run set a precedent as the most complete and irrefutable case for stock market investment ever written. Now, this bible for long-term investing continues its tradition with a Fourth Edition featuring updated, revised, and new material that will keep you competitive in the global market and up-to-date on the latest index instruments.
Wharton School professor Jeremy Siegel provides a potent mix of new evidence, research, and analysis supporting his key strategies for amassing a solid portfolio with enhanced returns and reduced risk. In a seamless narrative that incorporates the historical record of the markets with the realities of today's investing environment, the Fourth Edition features:
A new chapter on globalization that documents the how the emerging world will soon overtake the developed world and how it impacts the international economy
An extended chapter on indexing that includes fundamentally-weighted indexes, which have historically offered better returns and lower volatility than their capitalization-weighted counterparts
Insightful analysis on what moves the market and how little we know about the sources of big market changes
A sobering look at behavioral finance and the psychological factors that can lead investors to make irrational investment decisions
A major highlight of this new edition of Stocks for the Long Run is the chapter on global investing. With the U.S. stock market currently holding less than half of the world's equity capitalization, it's risky for investors not to diversify abroad. This updated edition shows you how to create an “efficient portfolio” that best balances asset allocation in domestic and foreign markets and provides thorough coverage on sector allocation across the globe.
Stocks for the Long Run is essential reading for every investor and advisor who wants to fully understand the market - including its behavior, past trends, and future influences - in order to develop a prosperous long-term portfolio that is both safe and secure.
Congratulations! Future for Investors has been recognized for being one of the top 10 business books of 2005 in Barrons,Financial Times, and Businees Week.
The Future for Investors The new paradigm for investing and building wealth in the 21st century. The Future for Investors reveals new strategies that take advantage of the dramatic changes and opportunities that will appear in world markets.
Jeremy Siegel, one of the world's top investing experts, has taken a long, hard, and in depth look at the market and the stocks that investors should acquire to build long-term wealth.
His surprising finding is that the new technologies, expanding industries, and fast-growing countries that stockholders relentlessly seek in the market often leads to poor returns. In fact, growth itself can be an investment trap, luring investors into overpriced stocks and overly competitive industries.
The Future for Investors shatters conventional wisdom and provides a framework for picking stocks that will be long-term winners. While technological innovation spurs economic growth, it has not been kind to investors. Instead, companies that have marketed "tried and true" products for decades in slow-growth or even declining industries have superior returns to firms that develop "the bold and the new." Industry sectors many regard as dinosaurs - railroads and oil companies, for example - have actually beat the market.
Professor Siegel presents these strategies within the context of the coming shift in global economic power and the demographic age wave that will sweep the United States, Europe and Japan. Contrary to the popular belief that these economic and demographic trends doom investors to poor returns, Professor Siegel explains the True New Economy and how to take advantage of the coming surge in invention, discovery and economic growth.
The faster the world changes, the more important it is for investors to heed the lessons of the past and find the tried and true companies that can help you beat the market and prosper in the years ahead.