"JUST 86" stocks have accounted for $16 trillion in wealth creation, That's half of the stock market total, over the past 90 years. Of the 26,168 companies with US common stock from 1926 to present; only 1,036 companies (42.17% of the total) created positive wealth, while 15,132 companies (57.83% of the total) reduced shareholder wealth, as compared to a US Treasury bill benchmark.
Technology stocks accounted for $9.00 trillion of that 16 trillion in wealth creation, or 18.99% of the total, the largest of any sector. Finance firms accounted for 15.22% of aggregate net wealth creation, followed by Manufacturing firms, which accounted for 12.49%, and Healthcare and Pharmaceuticals firms, which accounted for 9.79%.
"There's no use diversifying into unknown companies just for the sake of diversity"- Peter Lynch
"We strongly believe that the supply of great businesses is severely limited and to engage in broad diversification is dilutive to the implicit purpose of earning above-average longer-term returns” - Frank Martin
“Purchasing a business at a price that provides reasonable assurance of a generous margin for error is an erudite way of saying to ourselves, ‘Buy low, stupid’”- Frank Martin
Just Thoughts,
- Scoot
Go Packers!!!
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!”― Hunter S. Thompson, The Proud Highway
Technology stocks accounted for $9.00 trillion of that 16 trillion in wealth creation, or 18.99% of the total, the largest of any sector. Finance firms accounted for 15.22% of aggregate net wealth creation, followed by Manufacturing firms, which accounted for 12.49%, and Healthcare and Pharmaceuticals firms, which accounted for 9.79%.
"There's no use diversifying into unknown companies just for the sake of diversity"- Peter Lynch
"We strongly believe that the supply of great businesses is severely limited and to engage in broad diversification is dilutive to the implicit purpose of earning above-average longer-term returns” - Frank Martin
“Purchasing a business at a price that provides reasonable assurance of a generous margin for error is an erudite way of saying to ourselves, ‘Buy low, stupid’”- Frank Martin
Just Thoughts,
- Scoot
Go Packers!!!
“Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!”― Hunter S. Thompson, The Proud Highway