100 yrs of stock market: From 1926 through 2025 (30k stocks analyzed) - just 27.6% of stocks outperform the market / 60% of stocks incurred wealth reductions / the median stock returned -6.9%. 46 firms accounted for half of the wealth created by the stock market ($91 trillion net wealth creation). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6438198(zerohedge)