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

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

List Price: $28.00
Your Price: $18.48
Product Info Reviews

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Rating: 1 stars
Summary: Hard to Read
Review: A difficult book to read. Filled with excess charts, boring and verbose. I suspect that most people who agree with me, are so sick that they bought the book, they have not reviewed it.

Rating: 5 stars
Summary: Essentially applied economics -- but an engaging, easy read
Review: Although I do not agree with all of Siegel's conclusions, this is by far the most informative investment strategy book I have read. It is almost like a 'Stocks for Jocks' course taught by a top professor at Wharton. Never too technical, but all relevant concepts clearly explained in some depth.

Very well written. An essential book for any investor.

Rating: 5 stars
Summary: The stock market cannot make everyone rich!
Review: An interesting and educational book about stocks, but it could be dangerous for some people who may come to believe the stock market will make them rich if only they have the patience. To warn these people, I quote Professor Siegel himself from an article: "In a severe inflationary period, real estate tends to do better than stocks, as the 1970's demonstrated. By contrast, severe inflation would devastate bonds, just as it would stocks."* Elsewhere in this article, the Professor makes it clear that over a 30-year period you can expect real estate (in his book I can't find a place where he considers real estate as a viable investment alternative) to outperform stocks and bonds. I know inflation has been under control now for quite awhile, but no one knows what inflation will be like in 10 years, let alone in 30 years.

I recommend this book for the education about the stock market it provides the reader.

*Jonathan Clements, "Investing Isn't Just Happily Ever After," The Wall Street Journal, March 2, 1999, p. C1.

Rating: 5 stars
Summary: The stock market cannot make everyone rich!
Review: An interesting and educational book about stocks, but it could be dangerous for some people who may come to believe the stock market will make them rich if only they have the patience. To warn these people, I quote Professor Siegel himself from an article: "In a severe inflationary period, real estate tends to do better than stocks, as the 1970's demonstrated. By contrast, severe inflation would devastate bonds, just as it would stocks."* Elsewhere in this article, the Professor makes it clear that over a 30-year period you can expect real estate (in his book I can't find a place where he considers real estate as a viable investment alternative) to outperform stocks and bonds. I know inflation has been under control now for quite awhile, but no one knows what inflation will be like in 10 years, let alone in 30 years.

I recommend this book for the education about the stock market it provides the reader.

*Jonathan Clements, "Investing Isn't Just Happily Ever After," The Wall Street Journal, March 2, 1999, p. C1.

Rating: 5 stars
Summary: One of the Two Best Books on Investing
Review: Buy what you know. Hold those investments long term. You can't beat the market. It's all so simple. This is important reading.

Rating: 5 stars
Summary: Outstanding must read on stocks
Review: Buy, buy, buy! This is the best book on stocks and financials that I have ever read. History and perspective (which may be lacking in today's market)that is well written in an easy to digest style. With this book you don't need "Beating the Dow with Bonds" - throw it in the trash, stocks are proved winners; "Random Walk Down Wallstreet" - covered, save your money plus here there is some evidence for the 200-day moving average strategy - not so Random; "Contrarian Investment Strategies" - yes, proved to be the way to make money and covered in this book.... plus, did you know GE is the only original DOW stock or that the Russell 2000 are only 11% of the market's cap or the genesis of the Dow Transport? It's all in there and more.

Rating: 5 stars
Summary: Get the wisdom of the best teacher at the Wharton School
Review: Dr. Siegel's class is one of the most popular at the Wharton School of Business. Every day, people crowd into his room just to hear him summarize the market's movements and how the economy is doing. This book encapsulates much of the wisdom that MBA students are paying $100,000 for, which makes the book a real bargain!

Rating: 4 stars
Summary: An authoritative guide
Review: Economics (the "dismal science") is dismal because "We have but one sample of history" -Paul Samuelson, as quoted on page 26. Ditto evolution, I might add.

This is an excellent book, perhaps the best I've read on the title subject. An interesting point made on page 77 is that there is a conflict of goals between management and shareholders. Shareholders want the stock to go up in value, period. Managers on the other hand are interested in "prestige, control of markets, and other objectives." The other objectives that Siegel is too polite to mention include maximizing their power and control and increasing the size of their fiefdoms, which is one reason managers must be periodically tossed.

The "long run" is perhaps an ambiguous concept. For the day trader it is like the life of some insects, a day. For "buy and hold" strategists it can be decades. This book conceives of the long run in the latter sense. It has been said, of course, that in the long run we are all dead.

Rating: 2 stars
Summary: One of the Best
Review: Engaging, erudite, comprehensive, precise. Easily the best analysis of the status quo in investment theory and practice.

However.

The basic conclusion is this: IF you manage to live in a country with a stable legal, social, and political regime for 40 years, THEN during that period stocks will be the best place to park your money.

Sure, in the US since 1945 the longest time it took to recover bear market losses was three years. How long did it take the Russians to recover their losses after the Communists annexed their property? How long has it taken Japanese investors who bought at the peak of the Nikkei to recover their losses?

Rating: 5 stars
Summary: Outstanding and educative: A Must read
Review: Free thinkers like Jeremy Siegel, Michael Useem , Richard Marston , Paul Fischer and Suleman Basak are the pillars of Wharton's Business Leadership in the community. This book is testament to the great minds there.

This book is quick and an easy read, but captures only a fraction of the vast market knowledge/ insight that Siegel possesses. For the unlucky majority that cannot attend his hallowed class, this book will have to do for now. But its a must read for all investors, students and teachers.


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