J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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Stocks for the Long Run,
by Jeremy Siegel.  Your history teacher had it right—the
roots of the present lie deep in the past. Speaking of deep, Siegel
presents 200 years of stock market history, and he helps the
reader make sense of this historical data. Siegel, a Wharton finance
professor, provides the reader exhaustive data on the most important
financial variables that have contributed to historical stock market
returns—namely earnings growth, dividend yield and valuation level.
He also segments his data in many useful ways, and he attempts to help
define the attributes of attractive investment opportunities. Indeed,
putting his reputation where his mouth is (and drawing on the investment
data in this book), Siegel published articles in 1999 and 2000 correctly
warning of the extreme over-valuations in Internet and large cap growth
stocks. This definitive book, written in 1994 and updated in 1998, is
as good as it gets for a historical perspective on U.S. stocks. My
guess is that almost all money managers have this comprehensive book
sitting on their bookshelves. |
“Stocks for the Long Run is a clearly written, neatly organized, highly persuasive exposition that lifts the veil of mystery from investing.” John C. Bogel |