Growth at a macro level doesn’t always translate into performance of equity market and therefore the investment performance. Allow us to elaborate

  • global market

    Globally only 4% of all the listed stocks have been able to stay alive and beat the basic risk-free rate. Rest of the companies have either got de-listed or merged with another company or underperformed the risk-free rate.

    This observation is over a 90-years period.

    • 96% of all stocks could not beat risk free 1 month T bills
    • only 4% of stocks generated all of the nearly $32 trillion in wealth created
  • Indian Market

    Over the last 20 years, only 14% of the Indian listed companies could give 25%+ returns or superior profit growth.

Where does an average investor go wrong?