“As we explore later in this chapter, virtually no asset, except for long-term U.S. Treasury bonds, served as an effective hedge against… — Jeremy J. Siegel Copy Share Image
“As a result, proportional movements of high-priced stocks in the Dow averages have a much greater impact than movements of lower-priced stocks,… — Jeremy J. Siegel Copy Share Image
“The S&P 500 Index originally contained exactly 425 industrial, 25 rail, and 50 utility firms, but these groupings were abandoned in 1988… — Jeremy J. Siegel Copy Share Image
“Over the 210 years I have examined stock returns, the real return on a broadly diversified portfolio of stocks has averaged 6.6… — Jeremy J. Siegel Copy Share Image
“In the short run, however, stock returns are very volatile, driven by changes in earnings, interest rates, risk, and uncertainty, as well… — Jeremy J. Siegel Copy Share Image
“It took just over 15 years to recover the money invested at the 1929 peak, following a crash far worse than Smith… — Jeremy J. Siegel Copy Share Image
“There is no question that the losing IPOs far outnumber the winners. Of the 8,606 firms examined, the returns on 6,796 of… — Jeremy J. Siegel Copy Share Image
“At the end of 2012, the yield on nominal bonds was about 2 percent. The only way that bonds could generate a… — Jeremy J. Siegel Copy Share Image
“would take only $1.33 million invested in the stock market in 1802 to grow, with dividends reinvested, to about $18 trillion, the… — Jeremy J. Siegel Copy Share Image
“would the Volcker amendment, had it been law in 2007, have prevented the 2008 financial crisis? The financial crisis was caused by… — Jeremy J. Siegel Copy Share Image
“The financial crisis of 2008 is illustrated by the following analogy. There is no doubt that the improvements in engineering have made… — Jeremy J. Siegel Copy Share Image
“By the end of 2012, the price of gold reached $1,675 per ounce, and $1 of gold bullion purchased in 1802 was worth $86.40… — Jeremy J. Siegel Copy Share
“At the end of 2012, the yield on nominal bonds was about 2 percent. The only way that bonds could generate a 7.8 percent… — Jeremy J. Siegel Copy Share
“The S&P 500 Index originally contained exactly 425 industrial, 25 rail, and 50 utility firms, but these groupings were abandoned in 1988 in order… — Jeremy J. Siegel Copy Share
“Africa remains a small part of the world economy until 2070, when it begins to expand rapidly, reaching 14 percent, the same size as… — Jeremy J. Siegel Copy Share
“It took just over 15 years to recover the money invested at the 1929 peak, following a crash far worse than Smith had ever… — Jeremy J. Siegel Copy Share
“CVS Corporation, which in 1957 entered the S&P 500 Index as Melville Shoe Corp.,” — Jeremy J. Siegel Copy Share
“China will be the world’s largest economy when its per capita income reaches 25 percent of that of the United States, which is forecast… — Jeremy J. Siegel Copy Share
“There is a good reason why stocks are not reacting to Fed policy as they have in the past. Investors have become so geared… — Jeremy J. Siegel Copy Share
“The first actively traded U.S. stocks, floated in 1791, were issued by two banks: the Bank of New York and the Bank of the… — Jeremy J. Siegel Copy Share
“In 2006 the United Nations Human Development Report estimated that 2.6 billion people, or 40 percent of the world’s population, had no indoor plumbing.” — Jeremy J. Siegel Copy Share
“would the Volcker amendment, had it been law in 2007, have prevented the 2008 financial crisis? The financial crisis was caused by the overleveraging… — Jeremy J. Siegel Copy Share
“There is no question that the losing IPOs far outnumber the winners. Of the 8,606 firms examined, the returns on 6,796 of these firms,… — Jeremy J. Siegel Copy Share
“the economy of China will become twice the size of the U.S. economy in 2025 if both countries’ per capita income continues to grow… — Jeremy J. Siegel Copy Share
“The government can put dividends on the same tax basis as capital gains if the tax authorities allow investors to obtain a tax deferral… — Jeremy J. Siegel Copy Share
“As a result, proportional movements of high-priced stocks in the Dow averages have a much greater impact than movements of lower-priced stocks, regardless of… — Jeremy J. Siegel Copy Share
