From AudioFile
A professor at the Wharton School and author of STOCKS FOR THE LONG RUN argues persuasively that tried-and-true companies in the aggregate perform better over time than growth stocks, especially those in the technology sector. He is a buy-and-hold kind of guy who predicts that an unprecedented wave of discovery and innovation will fuel economic growth in the U.S. and provide superior returns for investors who are patient. He looks at a broad array of trends and influences occurring across the globe, including demographics and shifts in labor, manufacturing capacity, and capital. His explanations of his research methods are lucid, fresh, and personal. James Lurie's reading is capable but monochromatic, even for a financial audio. T.W. © AudioFile 2005, Portland, Maine--
Copyright © AudioFile, Portland, Maine
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From Booklist
"The constant pursuit of growth--through buying hot stocks, seeking out the next big thing, or investing in the fastest growing countries--dooms investors to poor returns." So states Siegel, an academic who, with optimism and extensive research, suggests that the future is bright for equity investors in old, reliable companies in slow-growth or even shrinking industries. He presents a framework for understanding world markets and offers strategies for protecting and enhancing long-term capital. Stocks will outperform bonds and other inflation hedges, and he recommends supplementing indexed portfolios using three directives--buy stocks that have sustainable cash flows and return these cash flows to the shareholders with dividends; recognize the economic power shifts from the West toward China, India, and the rest of the developing world; and accumulate shares in firms with reasonable valuations relative to their expected growth while avoiding trendy investments. Warren Buffet, the preeminent investor, suggests that those interested in investments should study Siegel's new facts and ideas.
Mary WhaleyCopyright © American Library Association. All rights reserved
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