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In this episode, I'm joined by Hendrik "Hank" Bessembinder to discuss why the stock market has created enormous long-term wealth even though most individual stocks have failed to beat Treasury bills. We explore what this means for diversification, stock picking, financial planning, sequence risk, and the way investors should think about long-term returns.
Listen now and learn:
► Why most individual stocks lose money even though the overall stock market has created massive wealth
► How a small number of extrem...