Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies

Jeremy J. Siegel wrote Stocks for the Long Run with two goals in mind: to document the returns on the major classes of financial assets over the past two centuries and to offer strategies that maximize long-term portfolio growth.

Introduction:

Some people find the process of assembling data to be a deadly bore. Others view it as a challenge. Jeremy Siegel has turned it into an art form. You can only admire the scope, lucidity, and sheer delight with which Professor Siegel serves up the evidence to support his case for investing in stocks for the long run. But Stocks for the Long Run is far more than its title suggests. You will learn a lot of economic theory along the way, garnished with a fascinating history of both the capital markets and the U.S. economy. By using history to maximum effect, Professor Siegel gives the numbers a life and meaning they would never enjoy in a less compelling setting.

Moreover, he boldly does battle with all historical episodes that could contradict his thesis and emerges victorious—and this includes the crazy years of the 1990s. With this edition, Jeremy Siegel has continued on his merry and remarkable way in producing works of great value about how best to invest in the stock market. His additions on behavioral finance, globalization, and exchange-traded funds have enriched the original material with fresh insights into important issues. Revisions throughout the book have added valuable factual material and powerful new arguments to make his case for stocks for the long run. Whether you are a beginner at investing or an old pro, you will learn a lot from reading this book.

Contents:

• Stock and Bond Returns Since 1802
• Risk, Return, and Portfolio Allocation: Why Stocks Are Less Risky Than Bonds in the Long Run
• Stock Indexes: Proxies for the Market
• The S&P 500 Index: A Half Century of U.S. Corporate History
• The Impact of Taxes on Stock and Bond Returns: Stocks Have the Edge
• The Investment View of Stocks: How Fickle Markets Overwhelm Historical Facts
• Stocks: Sources and Measures of Market Value
• The Impact of Economic Growth on Market Valuation and the Coming Age Wave
• Outperforming the Market: The Importance of Size, Dividend Yields, and Price-to-Earnings Ratios
• Global Investing and the Rise of China, India, and the Emerging Markets
• Gold, Monetary Policy, and Inflation
• Stocks and the Business Cycle
• When World Events Impact Financial Markets
• Stocks, Bonds, and the Flow of Economic Data
• The Rise of Exchange-Traded Funds, Stock Index Futures, and Options
• Market Volatility
• Technical Analysis and Investing with the Trend
• Calendar Anomalies
• Behavioral Finance and the Psychology of Investing
• Fund Performance, Indexing, and Beating the Market
• Structuring a Portfolio for Long-Term Growth

Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies By Jeremy J. Siegel pdf