Jeremy J. Siegel

“By the end of 2012, the price of gold reached $1,675 per ounce, and $1 of gold bullion purchased in 1802 was…

— Jeremy J. Siegel

“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

“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

“Africa remains a small part of the world economy until 2070, when it begins to expand rapidly, reaching 14 percent, the same…

— Jeremy J. Siegel

“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

“CVS Corporation, which in 1957 entered the S&P 500 Index as Melville Shoe Corp.,”

— Jeremy J. Siegel

“China will be the world’s largest economy when its per capita income reaches 25 percent of that of the United States, which…

— Jeremy J. Siegel

“There is a good reason why stocks are not reacting to Fed policy as they have in the past. Investors have become…

— Jeremy J. Siegel

“The first actively traded U.S. stocks, floated in 1791, were issued by two banks: the Bank of New York and the Bank…

— Jeremy J. Siegel

“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

“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

“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

“the economy of China will become twice the size of the U.S. economy in 2025 if both countries’ per capita income continues…

— Jeremy J. Siegel

“The government can put dividends on the same tax basis as capital gains if the tax authorities allow investors to obtain a…

— Jeremy J. Siegel

“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

“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

“By 2060, India’s economy is projected to be larger than China’s because of its greater population growth. India is forecast to produce…

— Jeremy J. Siegel

“In fact, for someone in the highest tax bracket, short-term Treasury bills have yielded a negative after-tax real return since 1871, even…

— Jeremy J. Siegel

“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

“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

“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

“in 1950 there were 14 retired persons for every 100 workers in the United States. This ratio rose to 28 retirees per…

— Jeremy J. Siegel

“The amount of $1 invested in a capitalization-weighted portfolio in 1802, with reinvested dividends, would have accumulated to almost $13.5 million by the end of 2012.”

— Jeremy J. Siegel

“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

“In 1957, IBM’s weight was two-thirds of the technology sector; in 2013, IBM was only the third largest in a sector that…

— Jeremy J. Siegel