Stocks for the Long Run
From kwharrison13.com · Anti-library
Stocks for the Long Run
| Full title | Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies |
|---|---|
| Author | Jeremy J. Siegel |
| Published | 1994 |
| Pages | 384 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | Jeremy Siegel’s two-century series of US asset returns and the argument built on it: equities have beaten bonds and bills over essentially every long holding period, at a remarkably stable real return of roughly 6.5–7% a year, so their risk falls relative to bonds as the horizon lengthens. The data set is the point — the foundation under a great deal of buy-and-hold and index investing, and the thing later critics have had to argue with. |
Stocks for the Long Run
Where I heard about it
- Li Lu — on Li Lu’s Recommended Book List, entry 42 in Value Investing, Finance, and Capitalism, where it supplies the historical base rate a long-horizon investor is reasoning against. It sits oddly next to the stock-picking literature around it, which is probably the reason to read both.
About this edition
First published in 1994; Li Lu’s list cites the McGraw-Hill 2002 edition.
Connections
- Li Lu’s Recommended Book List — the bibliography this came from.
- Investing · Index Funds — the case this book underwrites.
- Economic History — where the two-century return series comes from.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.