9781025564852 - Common Stocks as Long Term Investments (1 Ergebnisse)

Taschenbuch. Zustand: Neu. Neuware - 'Common Stocks as Long Term Investments' is a foundational work in modern financial theory and investment strategy. Written by Edgar Lawrence Smith, this influential study challenges the conventional wisdom of the early 20th century by providing a rigorous, data-driven analysis of the performance of equity securities compared to high-grade bonds. Through a series of detailed tests covering various historical periods, Smith demonstrates that a diversified portfolio of common stocks consistently provides superior returns and greater protection against the diminishing purchasing power of currency.