Some of the world’s largest companies have dominated stock market returns in recent history. For the five years ending July 2020, an equal-weighted portfolio of Facebook, Apple, Amazon, Alphabet, Microsoft, and Tesla more than quadrupled in value, leaving a total market index fund investor in the dust. Who knew beating the market could be so easy?
Referenced in this video:
Do Global Stocks Outperform US Treasury Bills? https://papers.ssrn.com/sol3/papers.c...
Identifying Expectation Errors in Value/Glamour Strategies: A Fundamental Analysis Approach https://papers.ssrn.com/sol3/papers.c...
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