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Just 46 Companies Created Half of All Stock Market Wealth Over the Past Century — and Why That Argues for Indexing, Not Stock Picking
Personal Finance

Just 46 Companies Created Half of All Stock Market Wealth Over the Past Century — and Why That Argues for Indexing, Not Stock Picking

New research by Arizona State professor Hendrik Bessembinder shows that 46 firms generated half of the stock market's wealth over 100 years — and that the median stock actually lost money.

May 8, 2026