Bøger af Edgar Lawrence Smith

""Common Stocks As Long Term Investments"" is a book written by Edgar Lawrence Smith that explores the benefits and risks of investing in common stocks for the long term. The book is divided into two parts: the first part examines the historical performance of common stocks and compares it to other investments, such as bonds and real estate. The second part provides practical advice on how to select and manage a portfolio of common stocks.Smith argues that common stocks have historically provided higher returns than other investments over the long term, despite short-term fluctuations in the market. He also emphasizes the importance of diversification and the need to avoid speculative or overpriced stocks.The book includes numerous case studies and examples to illustrate Smith's points, as well as charts and graphs to help readers understand market trends. It is written in a clear and accessible style, making it suitable for both novice and experienced investors.Overall, ""Common Stocks As Long Term Investments"" is a valuable resource for anyone interested in investing in the stock market for the long term. It provides a thorough analysis of the benefits and risks of common stock investments, as well as practical advice on how to build and manage a successful portfolio.This is a new release of the original 1928 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

2012 Reprint of 1928 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Edgar Lawrence Smith, (1882 - 1971) was an economist, investment manager and author of the influential book "Common Stocks as Long Term Investments", which promoted the then-surprising idea that stocks excel bonds in long-term yield. . He worked in banking and other financial endeavors in the years after college, then signed on in 1922 as an adviser to the brokerage firm Low, Dixon & Company. While there, he later recounted in his Harvard class's 50th reunion yearbook, "I tried to write a pamphlet on why bonds were the best form of long term investment. But supporting evidence for this thesis could not be found." This discovery led to the 1924 publication of "Common Stocks as Long Term Investments." The book was widely reviewed and praised, and became a key intellectual support for the 1920s stock market boom. Its success enabled Smith to launch a mutual fund firm, "Investment Managers Company." It also garnered him an invitation from the economist John Maynard Keynes, who had favorably reviewed the book in "The Nation", to join the Royal Economic Society. The Wall Street Crash of 1929 brought a turn in Smith's fortunes.