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Open original source ↗Is it any wonder that 99% of all shitcoins are zero’s in waiting.
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This is wild: ALL net wealth in the US stock market since 1926 has been generated by just 3.44% of companies. To put this differently, ~97% of all stocks have barely contributed to long-term shareholder wealth creation. The top 1.88% of companies reflect 90% of total gains. Interestingly, just 0.26% of firms have created HALF of all wealth. This highlights the extreme concentration of stock market returns in top-performing companies. Market wealth is heavily skewed toward a very small minority of companies.
KobeissiLetter ↗