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
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
- 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.