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Markets4h 36m ago

Hendrik Bessembinder's updated research, spanning 30,000 US stocks from 1926-2025, reveals that less than half posted positive returns and only 41.17% outperformed the US Treasury bill.

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Chicago, US

Who
Hendrik Bessembinder, Alex Poukchanski
What
Hendrik Bessembinder's updated research, spanning 30,000 US stocks from 1926-2025, reveals that less than half posted positive returns and only 41.17% outperformed the US Treasury bill.
When
Wed, 17 Jun 2026 00:00:00 GMT · 4h 36m ago
Where
Chicago, US ·
Why
Bessembinder's research suggests that a small number of 'superstar' stocks are responsible for the vast majority of the overall market return, challenging the traditional view that most stocks are a reliable path to wealth.
The Frontline Impact

How this affects you

This research suggests a fundamental re-evaluation of long-term investment strategies, highlighting the difficulty of stock picking and potentially bolstering arguments for passive or highly concentrated portfolio management given that most individual stocks underperform cash.

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  1. Currently Reading4h 36m ago
    Hendrik Bessembinder's updated research, spanning 30,000 US stocks from 1926-2025, reveals that less than half posted positive returns and only 41.17% outperformed the US Treasury bill.
  2. Markets4h 36m ago
    Hendrik Bessembinder's updated research, spanning 1926-2025, found less than half of 30,000 US stocks posted positive returns, and only 41.17% outperformed US Treasury bills.
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