ASU study of stock market winners uncovers some surprises
Only a handful of U.S. stocks generate long-term gains, says an ASU finance expert.
In this story published Aug. 5, 2024, in The Arizona Republic:
Slightly more than 4% of the stocks that have been publicly listed in the U.S. since 1926 are responsible for all of the net wealth enhancement to shareholders. That is, long-run wealth enhancement in the public stock market is concentrated in relatively few stocks.
– Hendrik Bessembinder, professor of finance and Francis J. and Mary B. Labriola Chair in Competitive Business
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