5 Stocks to Own for Decades
In 2008, two investment managers crunched more than 20 years of market data and produced findings that can only be called shocking.
Eric Crittenden and Cole Wilcox found that most stocks did significantly worse than the overall market averages over time, and an unexpectedly large number fell dramatically. These losses were offset by a few stocks that rose spectacularly.
As Wilcox wrote, "Capitalism produces a surprising number of extreme winners and losers each and every year."
Examining returns from 1983 to 2006, the two money managers found that 64% of stocks had a lower return than the Russell 3000 index (a measure approximating the entire U.S. market) over the full period. Some 18.5% of all stocks lost 75% of their value or more. On the other hand, 6% of stocks beat
