Jeremy Siegel

Jeremy James Siegel (born November 14, 1945) is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets - he appears regularly on networks like CNN, CNBC and NPR, and writes regular columns for Kiplinger's Personal Finance and Yahoo! Finance.

Biography

Siegel was born in Chicago, Illinois and graduated from Highland Park High School. He majored in Mathematics and Economics as an undergraduate at Columbia University and obtained a Ph.D. from MIT in 1971. He is currently an advisor to WisdomTree Investments, a sponsor of exchange-traded funds, and as of early 2007 owns a 2% share of the $700 million market capitalization company. [cite web|url=http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20070225%5cACQDJON200702252148DOWJONESDJONLINE000328.htm&|title=WisdomTree ETFs Target Earnings, But Can Start-up Turn A Profit?|accessdate=2007-03-03|date=2007]

TV Programs

He has been a frequent guest on the business TV program "Kudlow & Company" on CNBC, where supply-side economics fan Lawrence Kudlow hosts. He is a supply-side fan like Kudlow. Siegel is also a lifelong friend of Robert Shiller, an economist at the Yale School of Management, who Siegel has known since their MIT graduate school days. Siegel and Shiller have frequently debated each other on TV about the stock market and its future returns, and have become financial media celebrities, regularly appearing on CNBC.

Criticisms

At the 2006 Berkshire Hathaway annual meeting, Berkshire Vice Chairman, Charlie Munger, called Jeremy Siegel "demented" for "comparing apples to elephants" in making future predictions. [http://www.designs.valueinvestorinsight.com/bonus/bonuscontent/docs/Tilson_2006_BRK_Meeting_Notes.pdf#search=%22%202006%20Berkshire%20Hathaway%20annual%20meeting%2C%20one%20of%20the%20firm's%20executives%2C%20Charlie%20Munger%2C%20called%20Jeremy%20Siegel%20%22demented%22.%22] . Siegel's personal, for-profit website [http://www.jeremysiegel.com] is highly atypical among academic professors. In addition, Siegel has not published any peer-reviewed academic works over the past decade [http://www.jeremysiegel.com/pdf/profjeremysiegel_cv.pdf]

Bibliography

Authored or co-authored

*"The Future for Investors : Why the Tried and the True Triumph Over the Bold and the New" (2005)

The motto of the book is how to avoid losing money in a bubble:

**"'Valuations are critical.
**Never fall in love with your stocks.
**Beware of large, little-known companies.
**Avoid triple-digit price-to-earnings (P/E) ratios.
**Never short sell in a bubble."'

*"Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies" (1994)

*"Revolution on Wall Street: The Rise and Decline of the New York Stock Exchange" (1993)

Notes

External links

* [http://www.jeremysiegel.com JeremySiegel.com] where the "Wizard of Wharton" weighs in on the markets, the economy and investment strategies.
* [http://www.imno.org/articles.asp?qid=161&sid=18 IMNO Interview with Jeremy Siegel]
* [http://cowles.econ.yale.edu/news/shiller/rjs_02-05-bloomberg_shil-sieg.htm Bloomberg Article: "The Shiller & Siegel Show"]