Professor Jeremy J. Siegel's book, The Future for Investors: Why the Tried and the True Triumph Over the Bold and the New , argues that the relentless pursuit of high-growth sectors and "hot" new technologies often leads to poor long-term returns for investors. The "Growth Trap"
: Investors frequently overpay for firms and industries driving innovation, which ironically dooms them to lower returns. Future for Investors Prof. Jeremy J. Siegel
: Superior long-term performance is often found in "humdrum" industries (e.g., consumer staples, oil, railroads) rather than the "bold and the new". Key Investment Strategies Professor Jeremy J
: While innovation fuels economic growth, it often fails to benefit shareholders due to high valuations and intense competition. Professor Jeremy J. Siegel's book