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Markets2h 15m 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.
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 · 2h 15m 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.
Story chain
2 events in this thread- Currently Reading2h 15m agoHendrik 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.
- Markets2h 15m agoHendrik 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.Open article
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