Outline
The book covers the following topics.
- The Verdict of History: Stock and Bond Returns since 1802, Risk, Return and the Coming Age Wave and Perspectives on Stocks as Investments.
- Stock Returns: Stock Averages, Dividends, Earnings, and Investor Sentiment, Large Stocks, Small Stocks, Value Stocks, Growth Stocks, The Nifty Fifty Revisited, Taxes and Stock Returns, Global Investing.
- Economic Environment of Investing: Money, Gold, and Central Banks, Inflation and Stocks, Stocks and the Business Cycle, World Events Which Impact Financial Markets, Stocks, Bonds and the Flow of Economic Data.
- Stock Fluctuations in the Short Run: Stock Index Futures, Options and Spiders, Market Volatility and the Stock Crash of October 1987, Technical Analysis and Investing with the Trend (here Siegel claims that the use of a 200-day moving average to analyze investments does not improve returns nor reduce risk for the Dow Jones Industrial Average, but it seems to benefit the NASDAQ index), Calendar Anomalies (Siegel accepts seasonality in the stock market).
- Building Wealth Through Stocks: Funds, Managers, and 'Beating the Market', Structuring a Portfolio for Long-Term Growth.
According to Siegel's web site the next edition will include a chapter on globalization with the premise that the growth of emerging economies will soon out pace that of the developed nations. A discussion on fundamentally weighted indexes which have historically resulted in better returns and lower volatility may also be added.
Read more about this topic: Stocks For The Long Run
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