Not sure that thesis holds water. Michael Mauboussin published the paper, "The Incredible Shrinking Universe of Stocks: The Causes and Consequences of Fewer U.S

Not sure that thesis holds water. Michael Mauboussin published the paper, "The Incredible Shrinking Universe of Stocks: The Causes and Consequences of Fewer U.S. Equities" in 2017 [0]. The Big Ideas: IPO's and being public are more expensive with less benefit while at the same time M&A has flourished. [0] http://www.cmgwealth.com/wp-content/uploads/2017/03/document_1072753661.pdf http://www.cmgwealth.com/wp-content/uploads/2017/03/document...