Ops... My bad! I forgot to put in the article the number of stocks.
When I run these tests, my database had about 3900 stocks. Every day I run a cron job to check delistings from SEC fillings. Then, this number decreases a few units every day.
So, replying your bullet points:
1. Full data is about 3900 common stocks listed in Nasdaq and NYSE.
2. I had outperformances for both 5y, 10y and 20y ago until Today (first chart).
3. I don't understood your point 3. Seems the opposite of what happened to me.
4. Agree with you. Market adjusts accordingly to the winners. Also a pull quote from the article. Nice!
When I run these tests, my database had about 3900 stocks. Every day I run a cron job to check delistings from SEC fillings. Then, this number decreases a few units every day.
So, replying your bullet points: 1. Full data is about 3900 common stocks listed in Nasdaq and NYSE.
2. I had outperformances for both 5y, 10y and 20y ago until Today (first chart).
3. I don't understood your point 3. Seems the opposite of what happened to me.
4. Agree with you. Market adjusts accordingly to the winners. Also a pull quote from the article. Nice!
Thank You for your comment!