Jeremy James Siegel was born on November 14,1945 and is an American economist who is the Russell E Palmer Professor Emeritus of Finance at the Wharton School of the University of Pennsylvania.
13 Facts About Jeremy Siegel
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Jeremy Siegel taught at the University of Chicago for four years before moving to the Wharton School of the University of Pennsylvania.
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Jeremy Siegel recommends against holding bonds, arguing their long-term performance tends to be negative after inflation.
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For stocks, Jeremy Siegel recommends relying primarily or exclusively on index funds when possible, as active management tends to underperform market averages over long periods.
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Jeremy Siegel's research found dividend-paying stocks tend to offer superior long-term performance, as they are associated with profitable mature companies that hold up well during bear markets and recessions, and are more likely to be reasonably valued.
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Jeremy Siegel has endorsed the Dogs of the Dow method, of holding the highest-dividend stocks in the Dow Jones Industrial Average.
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For valuation, Jeremy Siegel recommends stocks or indexes that are fairly valued or undervalued while avoiding sectors that are overvalued or trendy, as they tend to offer poor long-term results.
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Jeremy Siegel calls this phenomenon the "growth trap" and notes that fast-growing companies, industries or economies are not necessarily good investments.
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Jeremy Siegel is a lifelong friend of Robert Shiller, an economist at the Yale School of Management, whom Jeremy Siegel has known since their MIT graduate school days.
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Jeremy Siegel has said that Initial Public Offerings, stock sold by new companies, typically disappoint.
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Jeremy Siegel has been criticized for bullishness on the stock market in 2000.
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That being said, Professor Jeremy Siegel was correct when he stated in the same interview:.
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On March 14,2000, The Wall Street Journal published an opinion piece by Jeremy Siegel titled: "Big-Cap Tech Stocks Are a Sucker Bet".