For a century, value has virtually always beaten growth. And despite lagging over the past decade, its prospects again exceed growth’s. In Stocks for the Long Run (6th ed., McGraw-Hill, 2023), Jeremy Siegel noted a crucial fact: “earnings growth is not the primary consideration for better long-run returns” (for details, see Everything the mainstream says about earnings is … [Read more...] about Want to shrink your returns? Buy “growth” stocks!
Archives for March 2026
Why we’ve never held tech – and have long owned energy
Over periods up to 10 years, tech doesn’t reliably outperform coal, gas and oil – and over longer terms tech usually underperforms energy. According to Jeremy Siegel (Stocks for the Long Run, 6th ed., McGraw-Hill, 2023), if you want to outperform over the short term – that is, if you’re a speculator rather than an investor – you have two options: either (1) buy the stocks of … [Read more...] about Why we’ve never held tech – and have long owned energy