CNBC: “Here’s more evidence that it’s really hard to make money picking stocks”By datatrekresearch in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Nick Colas:
.... "Nicholas Colas, co-founder of DataTrek Research, also reviewed the paper and came to the same conclusion: “The truth is a handful of truly stellar companies generate persistently strong returns over a long period of time. Those create all the value and are the reason equities generate higher returns than risk-free bonds. The right way to think about stocks is that ‘equity indices usually go up, and only because of a small group of names.'"....
Full article here on CNBC.