“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 examined. And since World War II, the recovery period for stocks has been even better. Even including the recent financial crisis, which saw the worst bear market since the 1930s, the longest it has ever taken… — 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 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 to watching and anticipating Fed policy that the effect of its tightening and easing is already discounted in the market. If investors expect the Fed to stabilize the economy, this will be built into stock prices… — 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 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
