Common Stocks as Long Term Investments

The Book was written nearly 100 years ago and the Ideas hold good even today. The Best endorsement for the Book - reference to the writings by Warren Buffett in his 2019 Letter to Shareholders. The Book basically analysis Equities as Long Term Investments - comparing the same with Bonds- and concludes logically (with Historical data of over 50 years), that a Portfolio of Equities scores over Bonds over long term. If also flags the dangeers of currency risk, interest rate risk, call risk and inflation risk - when investing in bonds. Concise, knowledgable and well written.

I can take a photo of the book but it’s the book and if you don’t buy the boat you can’t make a review so here I go. It’s a great book. Warren Buffett read this when he was 7 years old it’s a readable book for ANY level. Read it if you wanna know the history of the stock market and the unbelievable non-regulations that they had, it’s no wonder it was so easy for from our buffet to make so much money!! Were people that stupid back then you could literally sit at a dinner table and trade a stock for what ever dollar amount you want it. Read it President Bush Senior father started the banks and the CIA and printed money sold it to the federal reserve for the prophet of the face value since 1790. Do you have any comprehension of the quadrillion dollars the bush’s and the other Rockefellers and other families actually have. Bill Gates is poor compared to them

Sehr gutes Buch

Common sense approach to value investing. Simple and common sense, but always good to read and remind ourselves of the logic. Some great ideas in the book too.

Livre eclairant sur la performance des actions par rapport aux obligations. Les donnees ont plus de 100 ans mais la logique reste actuelle: les actions permettent de beneficier de l effet des interets composes grace aux réinvestissement des resultats. MERCI a Warren Buffett de l avoir fait decouvrir au blog investir et devenir libre.

The book, probably the first of its kind, is a fascinating study of the state of investment attitudes towards stocks and bonds in the many decades leading up to 1923, and how the prevailing wisdom of the time leaned almost exclusively towards high-grade bonds, with common stock ownership being viewed as highly speculative and not being able to outperform bonds over the long term. As such, the 11 Case Studies show how a common stock investor was able to handily outperform bonds over the 1866 to 1923 period in all but one Case Study, and even that was a narrow loss relative to Bonds during the 20 year period in question. In addition, the book also addresses the effects of massive US currency deflation (from 1866 to 1897) and inflation (from 1898 to 1923) on the relative adjusted returns of both types of securities, and shows how common stocks retained their purchasing power in most of the Case Studies during the inflationary period (and both gained during deflationary times), whereas bonds fell short during the inflationary period. The only glitch I've seen so far is that page 8 is missing, because page 6 was repeated twice. Hopefully the Publisher can correct this in future print runs.