最 低 价：￥265.60
定 价：￥332.00
作 者：Jeremy J. Siegel 著 著
出 版 社：Oversea Publishing House
出版时间：2007-11-1
I S B N：9780071494700
| For more than a decade, Stocks for the Long Run has been the authoritative guide to understanding market forces and building a successful portfolio. In this new fourth edition, Jeremy Siegel updates his argument for long-term stock market investment with: comparisons of ETFs, mutual funds, and index options and futures; evidence that the rapid growth of emerging markets will not only continue but may accelerate; insight into the benefits of fundamental indexation over market value indexation; an updated look at the surprising validity of Calendar Effects; and fresh analysis of the best-performing stocks since the formulation of the S&P 500 Index. Praise for previous editions of STOCKS FOR THE LONG RUN “A simply great book.”-Forbes “One of the top ten business books of the year.”-BusinessWeek “Should command a central place on the desk of any 'amateur' investor or beginning professional.”-Barron's “Siegel's case for stocks is unbridled and compelling.”-USA Today “A clearly written, neatly organized, highly persuasive exposition that lifts the veil of mystery from investing.”-John C. Bogle, Founder and former Chairman, The Vanguard Group |
| Jeremy J. Siegel is the Russell E.Palmer Professor of Finance at The Wharton School of the University of Penneylvania, the acadmic director of the Securities Industry Institute, and a senior investment strategy advisor to WisdomTree Investments, which creates and markets exchangetraded funds. |
| Foreword Preface Acknowledgments PART 1 THE VERDICT OF HISTORY Chapter 1 Stock and Bond Returns Since 1802 "Everybody Ought to Be Rich" Financial Market Returns from 1802 The Long-Term Performance of Bonds The End of the Gold Standard and Price Stability Total Real Returns Interpretation of Returns Long-Term Returns Short-Term Returns and Volatility Real Returns on Fixed-Income Assets The Fall in Fixed-Income Returns The Equity Premium Worldwide Equity and Bond Returns: Global Stocks for the Long Run Conclusion: Stocks for the Long Run Appendix 1: Stocks from 1802 to 1870 Appendix 2: Arithmetic and Geometric Returns Chapter 2 Risk, Retum, and Portfolio Allocation: Why Stocks Are Less Risky Than Bonds in the Long Run Measuring Risk and Return Risk and Holding Period Investor Returns from Market Peaks Standard Measures of Risk Varying Correlation between Stock and Bond Returns Efficient Frontiers Recommended Portfolio Allocations Inflation-Indexed Bonds Conclusion Chapter 3 Stock Indexes: Proxies for the Market Market Averages The Dow Jones Averages Computation of the Dow Index Long-Term Trends in the Dow Jones Beware the Use of Trend Lines to Predict Future Returns Value-Weighted Indexes Standard & Poor's Index Nasdaq Index Other Stock Indexes: The Center for Research in Security Prices (CRSP) Return Biases in Stock Indexes Appendix: What Happened to the Original 12 Dow Industrials? Chapter 4 The S&P 500 Index: A Half Century of U.S. Corporate History Sector Rotation in the S&P 500 Index Top-Performing Firms How Bad News for the Firm Becomes Good News for Investors Top-Performing Survivor Firms Other Firms That Turned Golden Outperformance of Original S&P 500 Firms Conclusion PART 2 VALUATION, STYLE INVESTING, AND GLOBAL MARKETS PART 3 HOW THE ECONOMIC ENVIRONMENT IMPACTS STOCKS PART 4 STOCK FLUCTUATIONS IN THE SHORT RUN PART 5 BUILDING WEALTH THROUGH STOCKS Index |
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