Stocks for the Long Run, 4th
Edition: The Definitive Guide to Financial Market Returns &
Long Term Investment Strategies (Hardcover)
by Jeremy Siegel (Author)
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 how the
emerging world will soon overtake the developed world and
how it impacts the global 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 important
for investors 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.
From the Back Cover
For more than a decade, Stocks for the Long Run has
been the authoritative guide to understanding market forces and
building a successful portfolio. In this new fourth edition,
Jeremy Siegel updates his argument for long-term stock market
investment with: comparisons of ETFs, mutual funds, and index
options and futures; evidence that the rapid growth of emerging
markets will not only continue but may accelerate; insight into
the benefits of fundamental indexation over market value
indexation; an updated look at the surprising validity of
Calendar Effects; and fresh analysis of the best-performing
stocks since the formulation of the S&P 500 Index.
Praise for previous editions of STOCKS FOR THE LONG
RUN
"One of the ten best investment books of all time."
--The Washington Post
“A simply great book.”
--Forbes
“One of the top ten business books of the year.”
--BusinessWeek
“Should command a central place on the desk of any 'amateur'
investor or beginning professional.”
--Barron's
“Siegel's case for stocks is unbridled and compelling.”
--USA Today
“A clearly written, neatly organized, highly persuasive
exposition that lifts the veil of mystery from investing.”
--John C. Bogle, Founder and former Chairman, The Vanguard
Group
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