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Common Stocks as Long-Term Investments (1924)
Edgar Lawrence Smith (1882–1971) was an American economist and analyst. His book Common Stocks as Long-Term Investments (1924) showed with historical data that stocks, with dividends reinvested, tended to beat bonds over time — a surprising finding for its era that helped establish the case for holding equities as a long-term strategy.
🧠 Core Philosophy
Holding stocks long-term with reinvested dividends beats bonds over time — stability and continuity of dividend payments is the key evidence.
❓ Key Question
"Is this a stock I'd be happy to hold and forget about for a decade?"
📚 Sources
Based on stocks already analyzed recently on the site — not a full-market scan. The score measures fit with the documented methodology, not a price forecast or buy recommendation.
| Stock | Edgar Lawrence Smith Fit | |
|---|---|---|
| AGO | 100/100 | Full analysis → |
| QQQ | 100/100 | Full analysis → |
| AU | 100/100 | Full analysis → |
| ATLCZ | 100/100 | Full analysis → |
| CSBB | 100/100 | Full analysis → |
| MCBS | 100/100 | Full analysis → |
| RYAAY | 100/100 | Full analysis → |
| TSM | 100/100 | Full analysis → |
| NRIM | 100/100 | Full analysis → |
| ASBA | 100/100 | Full analysis → |
⚠️ Important
This is a simulation of documented, published investment principles — not a forecast by Edgar Lawrence Smithhimself, and not a claim he would actually buy this stock. The score measures how closely the stock's real data matches the method's documented criteria, nothing more.