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Why & How to Invest in Common Stocks.

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Why & How to Invest in Common Stocks.

Stock Code 75170

Philadelphia, Dorrance & Company, 1966

Early advocate of common stocks. The first edition of Edgar Lawrence Smith's (1882-1971) final work on Common Stocks, published at the end of a long and formidable career in academic research and the markets. Written at his wife's suggestion for the 'New Investor', it explains in simple terms how to construct a portfolio for income and profit for long-term success.

Smith was an early advocate of the principle that stocks excel bonds in long-term yields, explaining to the New York Times in 1925 that 'I have been unable to find any twenty-year period within which diversification of common stocks has not, in the end, shown better results, both as to income return and safety of principal, than a similar investment in bonds. It was a surprise to me, for my studies were undertaken with the intention of proving the probably future advantage to be gained from bonds over stocks'.

First edition; 8vo; publisher's red cloth gilt, green dust jacket lettered in white and black, spine faded, wear to extremities, front flap price-clipped, internally crisp and clean; [10], 83, [1]pp.

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Shapero Rare Books is an internationally renowned dealer in antiquarian & rare books and works on paper.

Our Bookshop and Gallery can be found in the heart of Mayfair at 106 New Bond Street, where most of our stock is available to view and on public display.

We exhibit at major international art fairs, including TEFAF (Maastricht and New York), Frieze Masters, Art Miami and Masterpiece London, as well as antiquarian & rare book fairs including New York, Paris, London, Los Angeles, San Francisco and Hong Kong.

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About us

Shapero Rare Books is an internationally renowned dealer in antiquarian & rare books and works on paper.

Our Bookshop and Gallery can be found in the heart of Mayfair at 106 New Bond Street, where most of our stock is available to view and on public display.

We exhibit at major international art fairs, including TEFAF (Maastricht and New York), Frieze Masters, Art Miami and Masterpiece London, as well as antiquarian & rare book fairs including New York, Paris, London, Los Angeles, San Francisco and Hong Kong.

Read more

Why & How to Invest in Common Stocks.

SMITH, Edgar Lawrence.

Stock code: 75170

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