“As we explore later in this chapter, virtually no asset, except for long-term U.S. Treasury bonds, served as an effective hedge against the sudden and sharp decline in asset values that took place during the financial crisis.” — 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 Image
“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 Image
“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 Image
“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 Image
“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 Image
“CVS Corporation, which in 1957 entered the S&P 500 Index as Melville Shoe Corp.,” — Jeremy J. Siegel Copy Share Image
“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 Image
“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 Image
“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 Image
“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 Image
“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 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 these firms,… — Jeremy J. Siegel Copy Share Image
