Hi Daniel,

I think you might be missing the point I’m making. It’s not that this study tracks any individuals life.

It’s showing that over the entire time period for which we have reliable stock return data, an exceedingly few number of stocks made investors money. The point being if you do not have the relatively few number of stocks that drive returns in your portfolio, your investment returns will likely suffer.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store