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The median stock in the S&P 500 has a negative return, too. Stock market returns are pretty much entirely generated by the right tail of the distribution - you
by ThrustVectoring 8y ago
The median stock in the S&P 500 has a negative return, too. Stock market returns are pretty much entirely generated by the right tail of the distribution - you have to make many bets to be ensured of getting enough winners to carry your investment.