Common Stocks As Long Term Investments.

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 th...

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Bibliographic Details
Main Author: Smith, Edgar Lawrence
Format: eBook
Language:English
Published: San Francisco : Golden Springs Publishing, 2015.
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Online Access:Click for online access
Table of Contents:
  • TABLE OF CONTENTS; INTRODUCTION; ACKNOWLEDGEMENTS; CHAPTER I-BONDS AND THE DOLLAR; THE DOLLAR; OTHER MEASURES ARE FIXED; IMPORTANT TO INVESTORS; BANKS AND INSURANCE COMPANIES; CHAPTER II-BONDS AND COMMON STOCKS; NATURE OF SECURITY; SAFE BONDS IMPLY SAFE STOCKS; WHERE DOES THIS REASONING LEAD US?; CHAPTER III-COMPARISON BETWEEN COMMON STOCKS AND BONDS, 1901-1922; METHOD OF SELECTION; RESEARCH; IMPORTANCE OF TESTS; TEST NO. 1--1901-1922; TEST NO. 2--1901-1922; TEST NO. 3--1901-1922; THE FLUCTUATING DOLLAR APPLIED TO TEST NO. 3--1901-1922.
  • CHAPTER IV-COMPARISON BETWEEN COMMON STOCKS AND BONDS, 1866-1899APPRECIATING DOLLARS; TEST No. 4--1880-1899; THE FLUCTUATING DOLLAR APPLIED TO TEST NO. 4--1880-1899; TEST No. 5--1866-1885; 1866 SIMILAR TO 1923; CHAPTER V-FINANCIAL CONDITIONS, 1866-1885; STOCK PRICES; THE DOLLAR; COMMERCIAL PAPER; PANIC OF 1873; NEAR PANIC OF 1884; CHAPTER VI-ADDITIONAL COMPARISONS BETWEEN COMMON STOCKS AND BONDS; TEST NO. 6, BOSTON--1866-1885; TEST NO. 7-1892-1911; TEST NO. 8--1906-1922; THE LARGEST COMPANIES; CHAPTER VII-RAILROAD STOCKS, 1901-1922; TEST NO. 9--1901-1922; TEST NO. 10--1901-1922.
  • TEST NO. 11--1901-1922CHAPTER VIII-A NEW STOCK MARKET CHART, 1837-1923; MANY CHARTS ARE MISLEADING; COMMON STOCKS, 1837-1923; CONSTRUCTION OF CHART No. 6; CHAPTER IX-LAW OF INCREASING COMMON STOCK VALUES AND INCOME RETURN; THE FACTOR FAVORING COMMON STOCKS; LAW OF INCREASING STOCK VALUES AND INCOME RETURN; CHAPTER X-TIME HAZARD IN THE PURCHASE OF COMMON STOCKS; CHAPTER XI-A FEW GENERALITIES; THE HUMAN FACTOR; DIFFICULT TO HOLD HIGH YIELD BONDS; GERMANY; STRONG FORCES AGAINST DEFLATION; COMMON STOCKS TO-DAY; INCREASE IN NUMBER OF STOCKHOLDERS; INCREASING RESPONSIBILITY.
  • ECONOMICS, A GUIDE TO INVESTMENTCHAPTER XII-FLUCTUATIONS IN BOND VALUES; BONDS 1902 TO 1920; BONDS 1902-1913; PROFITS IN BONDS 1866-1885; CHAPTER XIII-SUPPLEMENTARY TESTS OF COMMON STOCKS; REINVESTMENT OF SURPLUS INCOME; REINVESTMENT OF SURPLUS INCOME FROM STOCKS; SUPPLEMENTARY TEST No. 3-1091-1922; SUPPLEMENTARY TEST No. 4-1880-1899; SUPPLEMENTARY TEST No. 5-1866-1885; CHAPTER XIV-INVESTMENT MANAGEMENT; APPENDIX I-RETURN FROM BONDS, 1866-1885; INCOME FROM BONDS; APPENDIX II-RETURN FROM BONDS, 1866-1885 (SECOND GROUP); APPENDIX III-RETURN FROM BONDS, 1880-1899.