"While the cross-stock mean buy-and-hold return is over 30,000%, the median is -6.9%. Shareholders' wealth was enhanced by $91 trillion over the century, but lo

"While the cross-stock mean buy-and-hold return is over 30,000%, the median is -6.9%. Shareholders' wealth was enhanced by $91 trillion over the century, but long-term investors in nearly 60% of stocks incurred wealth reductions"