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The stock market is the best wealth compounding engine in history, but that doesn’t mean you can just buy any random stock and hope to do well.
According to the 2017 study Do Stocks Outperform Treasury Bills? by Hendrik Bessembinder of Arizona State University’s W.P. Carey School of Business 52% of all stocks, lose money over time.
This study looked at 26,000 companies from 1926 to 2016 and found that about 12% went to zero.
(Source: Bessembinder et al)
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