Hacker News new | ask | show | jobs
One Hundred Years in the U.S. Stock Markets (papers.ssrn.com)
1 points by Luc 86 days ago
1 comments

"While the cross-stock mean buy-and-hold return is over 30,000%, the median is -6.9%. Shareholders' wealth was enhanced by $91 trillion over the century, but long-term investors in nearly 60% of stocks incurred wealth reductions"