Table of Contents

Preface xix
Acknowledgments xxiii

PART I
STOCK RETURNS: PAST, PRESENT, AND FUTURE

Chapter 1
The Case for Equity
Chapter 2
The Great Financial Crisis of 2008
Chapter 3
The Markets, the Economy, and Government Policy in the Wake of the Crisis
Chapter 4
The Entitlement Crisis

PART II
THE VERDICT OF HISTORY

Chapter 5
Stock and Bond Returns Since 1802
Chapter 6
Risk, Return, and Portfolio Allocation
Chapter 7
Stock Indexes
Chapter 8
The S&P 500 Index
Chapter 9
The Impact of Taxes on Stock and Bond Returns
Chapter 10
Sources of Shareholder Value
Chapter 11
Yardsticks to Value the Stock Market
Chapter 12
Outperforming the Market
Chapter 13
Global Investing

PART III
HOW THE ECONOMIC ENVIRONMENT IMPACTS STOCKS

Chapter 14
Gold, Monetary Policy, and inflation
Chapter 15
Stocks and the Business Cycle
Chapter 16
When World Events impact Financial Markets
Chapter 17
Stocks, Bonds, and the Flow of Economic data

PART IV
STOCK FLUCTUATIONS IN THE SHORT RUN

Chapter 18
Exchange-Traded Funds, Stock Index Futures, and Options
Chapter 19
Market Volatility
Chapter 20Technical Analysis and investing with the Trend
Chapter 21
Calendar Anomalies
Chapter 22
Behavioral Finance and the Psychology of Investing

PART V
BUILDING WEALTH THROUGH STOCKS

Chapter 23
Fund Performance, indexing, and Beating the Market
Chapter 24
Structuring a Portfolio for Long-Term Growth

Concluding Comment
Notes
index

About the Author

Jeremy J. Siegel is a professor of finance at the Wharton School of the University of Pennsylvania. Professor Siegel received his Ph.D. from M.I.T. and taught for four years at the University of Chicago before joining the Wharton faculty in 1976. He has written and lectured extensively about the economy and financial markets, monetary policy and interest rates, and stock and bond returns. Along with heading the macroeconomics module of the Morgan Bank Finance Program in New York, he is the academic director of the U.S. Securities Industry Institute and is on the Advisory Board of the Asian Securities Industry Association. Professor Siegel is courted by nearly every Wall Street firm as a consultant and lecturer and has appeared on CNBC, PBS, Wall Street Week, and NPR.

Reviews

"[A] heavily researched book that cites historic and contemporary sources to support [its] thesis, but it is accessible to the average person." Chicago Tribune 20140109