Jeremy Siegel Quotes & Sayings

Fear has a far greater grasp on human action than the impressive weight of historical evidence. — Jeremy Siegel

The good thing about the dividend-paying stocks is, first of all you have stocks, which are real assets if we have some inflation. I think we're going to have 2%, 3% maybe 4%. That's a sweet spot for stocks. Corporations do well with that. It gives them pricing power. Their assets move up with prices. I'm not fearful of that inflation. — Jeremy Siegel

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors' eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return. — Jeremy Siegel

Hindsight plays tricks on our minds. — Jeremy Siegel

It can be shown that maximum diversification is achieved by holding each stock in proportion to its value to the entire market (italics added) ... Hindsight plays tricks on our minds ... often distorts the past and encourages us to play hunches and outguess other investors, who in turn are playing the same game. For most of us, trying to beat the market leads to disastrous results ... our actions lead to much lower returns than can be achieved by just staying in the market. — Jeremy Siegel

You have never lost money in stocks over any 20-year period, but you have wiped out half your portfolio in bonds (after inflation). So which is the riskier asset? — Jeremy Siegel

The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment. — Jeremy Siegel