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

Jeremy Siegel's best-selling 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. With its phenomenal analysis of financial market returns since 1802, no other book offers such an in-depth historicalВ­В­and yet timelyВ­В­perspective on what drives the market. 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 economyAn extended chapter on indexing that includes fundamentally weighted indexes, which have historically offered better returns and lower volatility than their capitalization-weighted counterpartsInsightful analysis on what moves the market and how little we know about the sources of big market changesA sobering look at behavioral finance and the psychological factors that can lead investors to make irrational investment decisionsA 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. 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.

Siegel offers solid strategies for long-term investment success in the stock market, shows investors how to understand and interpret the movements of the market over time, and includes a detailed description of market performances since 1802--including nearly 100 original charts and graphs.

"In the summer of 1929, a journalist named Samuel Crowther interviewed John J. Raskob, a senior financial executive at General Motors, about how the typical individual could build wealth by investing in stocks."