6/22/2023 0 Comments Cashflow classicHere are the 30 best stocks of the past 30 years, measured by wealth created between January 1990 and December 2020. (A better alternative to trying to find a needle in a haystack? To paraphrase Jack Bogle, the Vanguard founder and pioneer of index investing: Just buy the haystack.)īut to be fair, those who guessed right and bet big have accumulated truly transformational wealth. Your portfolio is more likely to suffer because you guessed wrong and failed to invest in the market's best stocks over the long term. Carey School of Business at Arizona State University, and they underscore the importance of diversification.Īccurately identifying the precious few "home run" stocks amid the many thousands of underachieving names is extremely difficult. The findings are courtesy of Hendrik Bessembinder, a finance professor at the W.P.
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