Download the fantastic book titled Common Stocks As Long Term Investments written by Edgar Lawrence Smith, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Common Stocks As Long Term Investments", which was released on 06 November 2015. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Common Stocks As Long Term Investments by Edgar Lawrence Smith PDF
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.
Detail About Common Stocks As Long Term Investments PDF
- Author : Edgar Lawrence Smith
- Publisher : Pickle Partners Publishing
- Genre : Business & Economics
- Total Pages : 101 pages
- ISBN : 1786256290
- Release Date : 06 November 2015
- PDF File Size : 31,6 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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