6 comments on “Any science direct subscribers?

  1. No, not that. He’s using Treasuries as comparison. So, looking at the failure rate of stocks against a government bond that didn’t fail. What if we include the universe of govt bonds, including the failures?

  2. I really hope he hasn’t done what the abstract suggests he has. Still, should be a fun read…

  3. On page 2;

    “The single most frequent outcome (when returns are
    rounded to the nearest 5%) observed for individual common stocks over their full lifetimes is a
    loss of 100%.”

    I give up.

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