Common Stocks as Long Term Investments

Common Stocks as Long Term Investments

4.22 (45 ratings by Goodreads)

Free delivery worldwide

Available. Dispatched from the UK in 4 business days
When will my order arrive?

Description

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.
show more

Product details

  • Paperback | 140 pages
  • 152 x 229 x 8mm | 213g
  • English
  • 1614273324
  • 9781614273325
  • 139,216

Rating details

45 ratings
4.22 out of 5 stars
5 49% (22)
4 31% (14)
3 13% (6)
2 7% (3)
1 0% (0)
Book ratings by Goodreads
Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X