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Summary Article: Jeremy Siegel Renowned finance academic, and writer
from QFinance: The Ultimate Resource
LIFE AND CAREER

Jeremy Siegel is professor of finance at the Wharton School of the University of Pennsylvania, and provides analysis of the economy and financial markets in the press, on television networks, and at conferences, and international programs. He writes regular columns for Kiplinger’s Personal Finance and Yahoo! Finance, and is an advisor to Wisdom Tree Investments. He has also contributed articles to the Wall Street Journal, Barron’s, the Financial Times, and other national and international news media. He is currently the academic director of the US Securities Industry Institute.

KEY THINKING
  • Jeremy Siegel is a staunch proponent of long-term investing, and is a respected teacher, having received the highest teaching rating in a worldwide ranking of business school professors conducted by Business Week magazine.

  • He has long argued that a diversified basket of inherently risk-laden equities, if retained over a long period, will produce better returns, and be safer than traditional secure investments such as bonds, and bank savings accounts.

  • He and Robert Shiller, a professor at Yale School of Management, have frequently debated with each other on TV about the stock market, and its future returns, and have become financial media celebrities.

  • In Revolution on Wall Street, he analyzes how the market dominance of Wall Street has been overturned by new alternative markets with cheaper transaction systems, government regulation, and bureaucratic problems.

  • In Stocks for the Long Run, he shows the amateur how to understand market forces, and the best way to put together a successful portfolio, based on an awareness of stock behavior, past trends, and future movements.

  • In The Future for Investors, he argues that more traditional companies perform better over time than growth stocks, especially those in the technology sector.

IN PERSPECTIVE
  • Jeremy Siegel describes stocks as being undervalued for the last 200 years, and that stock markets in the digital age are now more efficient, and safer over the long term.

  • He conducted an in-depth study for the New York Stock Exchange in the 1980s, the data for which proved that the compound annual real return on US stocks has been nearly 7% over the past 200 years.

  • He has predicted that an unprecedented wave of innovation will create economic growth in the US, which will provide strong returns for those investors who show patience. The prediction is based on his analysis of global trends, such as demographics and shifts in labor, manufacturing capacity, and capital movement.

“The economy will start screaming uncle eventually.”

Jeremy Siegel
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