Most of the world's companies are duds, stock picker says
Two years ago, Professor of Finance Hank Bessembinder stirred up the market with his study showing all the wealth created by U.S. stocks is the result of gains in a small group of companies. His update hasn't changed the situation.
Two years ago, Professor of Finance Hank Bessembinder stirred up the market with his study showing all the wealth created by U.S. stocks is the result of gains in a small group of companies. His update hasn't changed the situation.
In this article published July 17, 2019, on Bloomberg:
It is historically the norm in the U.S. and around the world that a few top-performing companies have great influence over how the market does overall. It’s the norm and I expect it to be the case in the future.
– Hank Bessembinder, professor of finance and Francis J. and Mary B. Labriola Endowed Chair in Competitive Business
Latest news
- Lead on: How the mantel of leadership impacts performance
An ASU management and entrepreneurship professor's research paper investigates how informal…
- ASU business school launches new AI degree program
The W. P.
- Biden in Arizona: Why 'chips' are one of the most important projects of his presidency
An ASU supply chain management expert discusses the military applications of chips and the 2022…