Common Stocks as Long Term Investments

Common Stocks as Long Term Investments is a comprehensive guide to investing in stocks written by Edgar Lawrence Smith. The book provides a detailed analysis of the stock market, including the history of stocks, the factors that influence stock prices, and the different types of stocks available to investors. The author emphasizes the importance of long-term investing, arguing that it is the most effective way to maximize returns and minimize risk. He provides practical advice on how to identify promising companies, evaluate their financial performance, and make informed investment decisions. The book also covers the role of dividends in stock investing, as well as the impact of taxes and inflation on investment returns. Smith provides a range of case studies and examples to illustrate his points, making the book accessible to both novice and experienced investors. Overall, Common Stocks as Long Term Investments offers a comprehensive and practical guide to stock investing, providing readers with the knowledge and tools they need to build a successful investment portfolio.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.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.