Future of Investors

Author: Jeremy Siegel
Publisher:
Publish Date: 2007-01-01
Features: Jeremy Siegel is one of the world's top investment and financial experts. His findings are astonishing: investors' relentless pursuit of growth—searching for exciting high-tech companies, buying hot stocks, chasing expanding industries, and investing in rapidly developing countries—often leads to poor returns. In fact, growth rates themselves can become investment traps, luring investors to buy overpriced stocks and invest in overly competitive industries. .. The Future for Investors shatters traditional notions and provides a framework for stock selection for investors who aim to be winners in the long run. Although technological innovation drives economic growth, it is not as "friendly" to investors. Look at the resilient old companies with decades of history in industries with slow growth or even decline—they offer higher investment returns than the "bold and aggressive" newcomers. Many once-outdated industry sectors (such as railroads and oil) have actually outperformed the market. Investors must be vigilant about the other side of growth—the "growth rate trap." .. This book comprehensively explores the growth rate trap, uncovering the growth rate trap, overestimating the new, and the sources of shareholder value.