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The cover of The Future for Investors

The Future for Investors

Jeremy J. Siegel

Which stocks should you hold for the long run, and what happens to markets when the baby boomers retire?

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At a glance

Author
Jeremy J. Siegel

Why read it

  • You will understand why investors tend to overpay for the new while ignoring the old
  • You will question whether exciting story stocks from new industries will reward you
  • You will weigh the view that firms with winning formulas and a global market make better investments

Who it is for

  • A long term investor choosing which stocks to hold
  • A saver worried about baby boom retirements hitting markets
  • A fund buyer tempted by the latest hot technology stock

Contents

  1. PREFACE
  2. The Great Bull Market of the 1990s
  3. Long-term Performance of Individual Stocks
  4. The Coming Age Wave
  5. New Approach to Investing
  6. PART ONE Uncovering the Growth Trap
  7. CHAPTER ONE The Growth Trap
  8. The Fruits of Technology
  9. The Growth Trap
  10. Who Gains—and Who Loses?
  11. History’s Best Long-term Stocks
  12. Stocks and Long-term Returns
  13. The Future for Investors
  14. The Upcoming Demographic Crisis
  15. The Global Solution
  16. A New Approach to Investing
  17. Plan of the Book
  18. CHAPTER TWO Creative Destruction or Destruction of the Creative?
  19. “Which Stocks Should I Buy and Hold?”
  20. Creative Destruction in the Stock Markets
  21. Looking Back to Find the Answer
  22. The History of the S&P 500 Index
  23. Portfolios of Original S&P 500 Firms
  24. Long-term Returns
  25. Reasons for Underperformance of the S&P 500 Index
  26. Yahoo!
  27. The Confusion Between Market Value and Investor Return
  28. Should Investors Hold or Sell Spin-offs?
  29. Lessons for Investors
  30. CHAPTER THREE The Tried and True: FINDING CORPORATE EL DORADOS
  31. The Corporate El Dorado: The Number-One-Performing Stock
  32. How Bad News for the Firm Becomes Good News for Investors
  33. The Top-Performing S&P 500 Survivor Firms
  34. Finding Corporate El Dorados: The Basic Principle of Investor Returns
  35. Corporate El Dorados of the Past: The Nifty Fifty of the 1970s
  36. Lessons for Investors
  37. CHAPTER FOUR Growth Is Not Return: THE TRAP OF INVESTING IN HIGH-GROWTH SECTORS
  38. The Global Industrial Classification Standard (GICS)
  39. Bubble Sectors: Oil and Technology
  40. Financial and Health Care: Expanding Industries
  41. The Consumer Sectors: Discretionary and Staples
  42. Sector Shifts and Sector Returns
  43. Sector Strategies
  44. Lessons for Investors
  45. PART TWO Overvaluing the Very New
  46. CHAPTER FIVE The Bubble Trap: HOW TO SPOT AND AVOID MARKET EUPHORIA
  47. The Internet and Technology Bubble
  48. Have Investors Learned Their Lesson?
  49. Lesson One: Valuations Are Critical AMERICA ONLINE
  50. Lesson Number Two: Never Fall in Love with Your Stocks
  51. Lesson Number Three: Beware of Large, Little-Known Companies
  52. Lesson Number Four: Avoid Triple Digit P/E Ratios
  53. Big-Cap Tech Stocks
  54. The Follies of Predicting Technology Earnings Growth
  55. Lesson Number Five: Never Short Sell in a Bubble
  56. Recommendations for Investors
  57. CHAPTER SIX Investing in the Newest of the New: INITIAL PUBLIC OFFERINGS
  58. What Does This Mean for Investors?
  59. Long-term IPO Returns
  60. Best Long-term IPOs

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