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2012 Reprint of 1928 Edition. Exact facsimile of the unique version, not reproduced with Optical Recognition Software. Edgar Lawrence Smith, (1882 – 1971) was an economist, funding supervisor and writer of the influential ebook “Common Stocks as Long Term Investments”, which promoted the then-surprising concept that shares excel bonds in long-term yield. . He labored in banking and different monetary endeavors within the years after faculty, then signed on in 1922 as an adviser to the brokerage agency Low, Dixon & Company. While there, he later recounted in his Harvard class’s 50th reunion yearbook, “I tried to write a pamphlet on why bonds were the best form of long term investment. But supporting evidence for this thesis could not be found.” This discovery led to the 1924 publication of “Common Stocks as Long Term Investments.” The ebook was broadly reviewed and praised, and have become a key mental help for the 1920s inventory market growth. Its success enabled Smith to launch a mutual fund agency, “Investment Managers Company.” It additionally garnered him an invite from the economist John Maynard Keynes, who had favorably reviewed the ebook in “The Nation”, to hitch the Royal Economic Society. The Wall Street Crash of 1929 introduced a flip in Smith’s fortunes.Used Book in Good Condition

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