Common Stocks As Long Term Investments

Originally published in 1924 Common Stocks as Long-Term Investments was the first book to promote the idea that stocks surpass bonds in long-term investments. The work which was highly reviewed and praised was a key component in the stock market boom of the 1920s. Author and banker Edgar Lawrence Smith was startled to discover when writing a pamphlet touting the advantages of bonds that stocks were a better form of long-term investment yielding a higher return. The New York Times claimed that th...See More