The Stock Market’s Winner-Take-All Phenomenon

In a recent article for Bloomberg, columnist Barry Ritholtz argues that the winner-take-all phenomenon that applies to sports stars, actors and hedge fund managers also applies to the stock market. “Those at the top,” writes Ritholtz, “reap fabulous rewards while everyone else scrapes by.” He cites a new study on equity gains distributions that shows just 1.3% of the world’s public companies account for all the market gains during the past three decades and that,… Read More