Single Best Investment

Lowell Miller's core argument is simple and well-supported: stop chasing speculative stocks and start becoming a long-term partner in high-quality businesses that consistently grow their dividends. The book covers stock selection, quality evaluation, dividend reinvestment, and portfolio diversification, backing the case with historical data and academic research without losing the general reader. It has built a quiet, durable reputation in dividend-investing circles since its 1999 debut and 2006 revision — the kind of book serious self-directed investors keep recommending to each other. The honest caveats are that some data and market examples are dated, and the strategy is deliberately conservative, so readers hoping for faster gains may feel underwhelmed. For patient, long-term investors, this remains a foundational text. Worth It.