finance

Stock market returns also conform to power law distributions:

https://www.lynalden.com/most-investments-are-bad/

96% of the US stock market is made up of shitcoins

does the study account for dividend payouts?

e.g. Philip Morris Int Inc. doesn't really have stock growth but consistently pumps out dividends higher than US-Ts

building @so many products • prev. @everyname (acq) @nethermind @proximacapital @consensysacad • thomphreys.com

Dompu, Dompu Regency, West Nusa Tenggara, Indonesia

Yeah the study compared the gross returns of stocks (including dividends) vs a hypothetical basket of treasuries that are reinvested when they mature.

Point being that only a very small few companies become great enough to even afford to pay dividends…