Common Stocks as Long Term Investments

Common Stocks as Long Term Investments by Edgar Lawrence Smith is a classic investment book that provides a comprehensive guide to investing in common stocks as a long-term strategy. The book was first published in 1924 and has since become a timeless classic in the field of investment literature. The author argues that common stocks are the best long-term investment option, and he provides a detailed explanation of why this is so. He also discusses the various factors that can affect the value of common stocks, such as market trends, company performance, and economic conditions.The book is divided into three parts. The first part provides an introduction to common stocks and their history, as well as an overview of the stock market. The second part delves into the various factors that affect the value of common stocks, such as dividends, earnings, and price-to-earnings ratios. The third and final part offers practical advice on how to invest in common stocks, including tips on choosing the right stocks, diversifying one's portfolio, and managing risk.Overall, Common Stocks as Long Term Investments is a must-read for anyone interested in investing in the stock market. The book provides a solid foundation for understanding the basics of stock investing and offers practical advice for those looking to build a long-term 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.