Stocks for the long run The definitive guide to financial market returns & long-term investment strategies

Jeremy J. Siegel

Book - 2014

"One of the ten best investment books of all time." --The Washington Post. The stock-investing classic--updated to help you win consistently in the chaotic, post-meltdown global economy. Now in its fifth edition, Stocks for the Long Run includes Jeremy Siegel's highly anticipated analysis of the sub-prime crash, the financial crisis, and resulting world-wide recession. This new edition also includes a deeper focus on international investing and emerging markets. "Jeremy Siegel is one of the great ones." --Jim Cramer, CNBC Mad money. "[Jeremy Siegel's] contributions to finance and investing are of such significance as to change the direction of the Profession." --The Financial Analyst Institute. &...quot;Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania. "--

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Subjects
Published
New York : McGraw-Hill Education [2014]
Language
English
Main Author
Jeremy J. Siegel (-)
Edition
Fifth edition
Physical Description
xxiii, 422 pages : illustrations ; 25 cm
Bibliography
Includes bibliographical references and index.
ISBN
9780071800518
Contents unavailable.
Review by Choice Review

Siegel (Wharton School, Univ. of Pennsylvania) provides an updated, revised edition of one of the best books written on investments. New material encompasses the causes and consequences of the 2008-09 financial crises. Siegel places the blame for these crises squarely on the CEOs of large investment banks, their regulators, and Congress. The book provides extensive coverage of the efficient market hypothesis and anomalies, historical returns, market volatility, derivatives, and securities valuation (e.g., earnings yield, the P/E, the P/B, and CAPE ratios). Concise individual chapters are devoted to gold, the impact of world events, technical analysis, and behavioral finance. Siegel emphasizes that to be successful, investors should take a long-term perspective; as the investment horizon increases, stocks consistently outperform bonds. The author also stresses the importance of dividends instead of capital gains to total returns. Siegel suggests that the individual investor acquire exchange-traded funds instead of index funds and individual stocks since ETFs offer diversification, lower operating expenses, and tax advantages. The writing is so lucid that lay investors can readily comprehend the concepts. This book should be read by every serious investor, and it is appropriate for undergraduate students and practitioners alike. Summing Up: Highly recommended. Lower-division undergraduates and above. H. Mayo The College of New Jersey

Copyright American Library Association, used with permission.