"...he found that only 4% of the companies analyzed, or 1,092 firms, accounted for all of the net wealth that has been created over the full 90-year period of his study. The remaining 96% of companies collectively generated lifetime dollar gains matching those of one-month Treasury bills."
"Put differently, the outperformance of the stock market is mostly due to the relatively few companies that became "ten-bagger" stocks."
"The results presented reaffirm the importance of portfolio diversification. Poorly diversified portfolios will underperform because they omit the relatively few stocks that generate large positive returns."
From Seeking Alpha comes this dumbed-down discussion of that university paper.
https://seekingalpha.com/article/4313706-stocks-beat-t-bills
Recent CARR News
- Carrier Survey: U.S. Executives Prioritize Sustainability for 2025, with Building Decarbonization Leading the Way • PR Newswire (US) • 09/17/2024 01:15:00 PM
- Carrier Completes Department of Energy's Cold Climate Heat Pump Challenge: Transformative Innovation Set for 2024 Commercial Rollout • PR Newswire (US) • 09/12/2024 01:00:00 PM
- Carrier to Present at Morgan Stanley's 12th Annual Laguna Conference • PR Newswire (US) • 08/28/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 06:56:34 PM
- Walmart Sells JD.com Stake, Microchip Suffers Cyberattack, Union Pacific Warns of Strike in Canada, and Latest News • IH Market News • 08/21/2024 12:12:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 11:00:18 AM
- Carrier Announces Agreement to Sell Commercial and Residential Fire Business to an Affiliate of Lone Star Funds for $3 Billion • PR Newswire (US) • 08/15/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 09:44:10 PM
- Carrier Announces Reference Yields and Total Considerations for its Cash Tender Offers for its Outstanding Debt Securities • PR Newswire (US) • 08/09/2024 05:15:00 PM
- Carrier Announces Early Results of its Cash Tender Offers for its Outstanding Debt Securities and Upsize of Aggregate Purchase Price • PR Newswire (US) • 08/08/2024 11:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 10:07:13 PM
- Carrier and Sibi Announce Collaboration to Revolutionize the Future of the HVAC Supply Chain for Home Builders • PR Newswire (US) • 08/06/2024 01:00:00 PM
- Sensitech Completes Acquisition of Berlinger & Co. Monitoring Solutions Expanding Life Sciences Cold Chain Solutions • PR Newswire (US) • 08/02/2024 12:55:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:09:20 PM
- Carrier Announces Tender Offers for Outstanding Debt Securities • PR Newswire (US) • 07/26/2024 12:45:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 01:49:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 10:58:25 AM
- Carrier Reports Strong Second Quarter 2024 Results • PR Newswire (US) • 07/25/2024 10:30:00 AM
- Carrier Second Quarter 2024 Earnings Advisory • PR Newswire (US) • 07/09/2024 08:11:00 PM
- Carrier Announces Close of $1.425B Sale of its Industrial Fire Business • PR Newswire (US) • 07/02/2024 10:55:00 AM
- Sentinel Capital Partners Carves Out Industrial Fire Business from Carrier • PR Newswire (US) • 07/02/2024 10:55:00 AM
- Sensitech to Strengthen Life Sciences Cold Chain Solutions with Acquisition of Berlinger & Co. Monitoring Solutions • PR Newswire (US) • 06/19/2024 01:26:00 PM
- Carrier's Ambitious Climate and Net Zero Targets Validated by the Science Based Target Initiative • PR Newswire (US) • 06/13/2024 01:05:00 PM
- Carrier is Developing Next-Generation Heat Pump Rooftop Units Through DOE Accelerator • PR Newswire (US) • 06/12/2024 01:45:00 PM
- Carrier Board of Directors Declares Quarterly Cash Dividend • PR Newswire (US) • 06/06/2024 08:15:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM