I have been engaged for some years in an effort to reexamine Jeremy Siegel’s dual thesis: that over any long interval stocks will beat bonds, and likewise, that over long intervals stocks can be expected to deliver a real return on the order of 6.6%, doubling wealth every eleven years.…
Jeremy Siegel, in defending his thesis in favor of Stocks for the Long Run, quotes in support the international evidence compiled by Dimson, Marsh & Staunton, in their 2002 book, Triumph of the Optimists. DMS note that every stock market, in every nation, out-performed bonds—over the 100 years of the…
In an earlier post I suggested you just can’t spin denial of healthcare. No marketing effort can overcome the horror of seeing a loved one die for lack of insurance, when that lack that was voted into law by an elected representative. Hell hath no fury … Today’s post is…
Early on the morning of December 2nd, Republicans in the Senate passed a tax bill that differed significantly from the bill posted in early November (a copy of the bill text is here; as of 12/7, there was as yet no plain English description of the changes posted at jct.gov).…
The paper describing the data collection for the new database can be downloaded at SSRN, Working Paper # 3011486. This post serves mostly to provide a link to the spreadsheet that contains the data (link at bottom of post). The new database is intended for scholarly use. I don’t know…
Neil Irwin of the New York Times has a nice column along the lines of “Stocks for the long run, come hell or high water.” Long story short: it’s a shout out to investors of a Democratic persuasion, on why not to sell stocks, no matter how negatively you view…
I had a sleepless night November 8th. I went to bed after 12:00 California time, knowing all was lost to Trump, and writhing the more, knowing that markets had plunged across the globe. Too late! No way to get out. No way to preserve my little wealth before the tsunami…
I’ve been investing in and following the stock market for almost 35 years now. By the mid-1990s, twenty years ago, I was married, with a family portfolio worth over $100,000, and a well-established daily routine of reading about each day’s stock market action in the morning newspaper. I read stock…