Barry Ritholtz, Columnist

So Few Market Winners, So Much Dead Weight

Just 4 percent of publicly traded companies account for all of the gains.

September 26, 2017 at 10:30 AM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

A representative sample.
Photographer: Pu Xiaoxu/VCG/Getty Images

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I was intrigued by Jeff Sommer’s column in the Sunday New York Times business section with the headline, “The Best Investment Since 1926? Apple.”

As the headline indicated, “Apple has generated more profit for investors than any other American company.” At this time last year over that roughly 90-year period, the leader was Exxon Mobil Corp.1506367835110Note that the oil giant has been publicly traded almost three times as long as Apple Inc.