Common Stocks As Long Term Investments

Common Stocks As Long Term Investments
Author :
Publisher : Pickle Partners Publishing
Total Pages : 176
Release :
ISBN-10 : 9781786256294
ISBN-13 : 1786256290
Rating : 4/5 (290 Downloads)

Book Synopsis Common Stocks As Long Term Investments by : Edgar Lawrence Smith

Download or read book Common Stocks As Long Term Investments written by Edgar Lawrence Smith and published by Pickle Partners Publishing. This book was released on 2015-11-06 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.—Print Ed.


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Common Stocks as Long Term Investments
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Edgar Lawrence Smith, (1882-1971) was an economist, investment manager and author of the influential book “Common Stocks as Long Term Investments”, which pr
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Language: en
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This is a new release of the original 1928 edition.
Common Stocks as Long Term Investmnets
Language: en
Pages: 152
Authors: Edgar Lawrence Smith
Categories: Bonds
Type: BOOK - Published: 1924 - Publisher:

DOWNLOAD EBOOK