Stocks for the Long Run : the Definitive Guide to Financial Market Returns and Long-term Investment Strategies

Fourth Edition

STOCKSFORTHE

LONGRUN

The Definitive Guide

to Financial Market

Returns and Long-Term

Investment Strategies

JEREMY J. SIEGEL

Russell E. Palmer Professor of Finance

The Wharton School

University of Pennsylvania

New York Chicago San Francisco

Lisbon London Madrid Mexico City

Milan New Delhi San Juan Seoul

Singapore Sydney Toronto