Common Stocks As Long Term Investments PDF Download

Common Stocks As Long Term Investments PDF
By:Edgar Lawrence Smith
Published on 2015-11-06 by Pickle Partners Publishing

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.

This Book was ranked at 28 by Google Books for keyword Investing Bonds Business Money.

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Book which was published by Pickle Partners Publishing since 2015-11-06 have ISBNs, ISBN 13 Code is 9781786256294 and ISBN 10 Code is 1786256290

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