eBook Download

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.

Product Details :

Genre: Business & Economics
Author: Edgar Lawrence Smith
Publisher: Pickle Partners Publishing
Release: 2015-11-06
File: 101 Pages
ISBN-13: 9781786256294

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Product Details :

Genre: Business & Economics
Author: Edgar Lawrence Smith
Publisher:
Release: 2020-03-16
File: 142 Pages
ISBN-13: 489038734X

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Product Details :

Genre: Bonds
Author: Edgar Lawrence Smith
Publisher:
Release: 1924
File: 129 Pages
ISBN-13: UVA:X000877263

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Product Details :

Genre: Bonds
Author: Edgar Lawrence Smith
Publisher:
Release: 1924
File: 129 Pages
ISBN-13: CORNELL:31924013889716

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Originally published in 1924, Common Stocks as Long-Term Investments was the first book to promote the idea that stocks surpass bonds in long-term investments. The work, which was highly reviewed and praised, was a key component in the stock market boom of the 1920s. Author and banker Edgar Lawrence Smith was startled to discover, when writing a pamphlet touting the advantages of bonds, that stocks were a better form of long-term investment, yielding a higher return. The New York Times claimed that the book "laid down a principle which so reverses the accepted estimate of the relative investment value of bonds and common stocks as to have aroused the keen interest of Wall Street and investment bankers in general." This book will fascinate not only history buffs, but those interested in taking out stocks of their own. EDGAR LAWRENCE SMITH (1882-1971) was an American economist and financier, best known for his book Common Stocks as Long-Term Investments. After attending Harvard University, Smith worked in the finance industry until he became an adviser to the Low, Dixon & Co. brokerage firm. It was there he discovered, while trying to advertise the advantages of bonds in long-term investment, that stocks were actually a superior alternative, thus prompting his book. Its success enabled him to launch a mutual fund firm, Investment Managers Company, which he lost in the stock market crash of 1929.

Product Details :

Genre: Literary Collections
Author: Edgar Lawrence Smith
Publisher: Cosimo Classics
Release: 2012-11-01
File: 138 Pages
ISBN-13: 1616407441

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Product Details :

Genre: Mutual funds
Author: Edgar Lawrence Smith
Publisher:
Release: 1926
File: 51 Pages
ISBN-13: WISC:89101074581

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

1928. The studies found in this book are the record of a failure, the failure of facts to sustain a preconceived theory. Bonds have certain attributes. A diversification of common stocks has its own attributes, which differs from bonds. Each class of investment has its useful purpose and its proper place in any investment plan. A clearer understanding of their differing attributes may help to determine the relative proportion of each of these two classes of securities which will best serve the investment requirements and purposes of each investor.

Product Details :

Genre: Business & Economics
Author: Edgar Lawrence Smith
Publisher: Kessinger Publishing
Release: 2003-06-01
File: 136 Pages
ISBN-13: 0766160734

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Product Details :

Genre: Investments
Author: Alan J. Zakon
Publisher:
Release: 1964
File: 415 Pages
ISBN-13: UCLA:L0068155076

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments." —Warren Buffet

Product Details :

Genre: Business & Economics
Author: Philip A. Fisher
Publisher: John Wiley & Sons
Release: 2015-04-14
File: 320 Pages
ISBN-13: 9781119143130

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>




eBook Download

BOOK EXCERPT:

Deep insight and candid discussion from one of Wall Street's best investors Common Stocks and Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the 28-year CEO of Greenhaven Associates, boasting an average annual portfolio comparable to Warren Buffet's. In this book, he shares his knowledge and experiences by providing detailed analyses of actual investments made by himself and other investors. The discussion covers the entire investment process, including the softer, human side, with candid insight into the joys and frustrations, intensities and pressures, and risks and uncertainties. The unique emphasis on behavioral economics and real-world cases set this book apart from the herd—but it's Wachenheim himself and his deeply-examined perspective that elevates the book beyond a mere investing guide. Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18%, achieved using relatively conservative stocks and no financial leverage. As a proponent of evidence and example, his analysis of real cases serve as a valuable education for anyone looking to improve their own investment practices. Understand investment through the lens of a Wall Street leader Dig into the details of real-world common stock investing Learn how to invest creatively and minimize risk Go beyond theory to study strategy on a case-by-case basis Investment principles and strategies are easy to find—entire libraries have been written about theories and methods and what 'should' happen. But this book goes beyond the typical guide to show you how these ideas are applied in the real world—and what actually happened. Investors seeking real insight, real expertise, and a proven track record will find Common Stocks and Common Sense a uniquely useful resource.

Product Details :

Genre: Business & Economics
Author: Edgar Wachenheim, III
Publisher: John Wiley & Sons
Release: 2016-03-25
File: 224 Pages
ISBN-13: 9781119259930

#1 eBook Free in [pdf] [kindle] [epub] [tuebl] [mobi] [audiobook], #1 New Release 2020 >>