TheFutureforInvestors_WhytheTriedandtheT.epub

ALSO BY JEREMY J. SIEGEL Stocks for the Long Run Copyright © 2005 by Jeremy J. Siegel All rights reserved. Published in the United States by Crown Business, an imprint of the Crown Publishing Group, a division of Random House, Inc., New York. www.crownpublishing.com CROWN BUSINESS is a trademark and the Rising Sun colophon is a registered trademark of Random House, Inc. Library of Congress Cataloging-in-Publication Data Siegel, Jeremy J. The future for investors: why the tried and the true triumph over the bold and the new / Jeremy J. Siegel.—1st ed. 1. Stocks. 2. Stocks—History. 3. Rate of return. 4. Stocks—Rate of return. I. Title. HG 4661.S52 2005 332.63′22—dc22 2004022938 eISBN: 978-0-307-23664-7 v3.1 To Paul Samuelson, my teacher, and Milton Friedman, my mentor, colleague, and friend . CONTENTS Cover Other Books by This Author Title Page Copyright Dedication Preface PART ONE: UNCOVERING THE GROWTH TRAP One: The Growth Trap Two: Creative Destruction or Destruction of the Creative? Three: The Tried and True: Finding Corporate El Dorados Four: Growth Is Not Return: The Trap of Investing in High-Growth Sectors ......