The Future for Investors
Based on groundbreaking research, THE FUTURE FOR INVESTORS makes the case that as an investor you are better off with old, reliable companies, many of whose products have not changed for years. Asserting that new companies and new industries often generate returns inferior to older companies in slow-growth or even shrinking industries, Siegel explains why growth itself is an investment trap, luring us into overpriced stocks and overly competitive industries. In this timely and practical book, this key idea is placed into the context of such issues as the aging crisis and the shift in global economic power to the emerging markets of China and India.