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Stock Picking Is For Losers
Last night a doubt emerged. Is the stock market (indexes) doing better or worse than the best stocks ever?
According to this article these are the 30 best performing stocks of all time:
IBM, Abbott Laboratories, General Electric, DuPont, Exxon, Ford, Chevron, AT&T, Coca-Cola Merck, P&G, Walmart, Oracle, Pfizer, GM, Wells Fargo, Bristol-Myers Squibb, Berkshire Hathaway, McDonald’s, Johnson & Johnson, Disney, Balchem, Apple, Intel, Altria, Celgene, 3M, Home Depot, Microsoft, Pepsi, Amazon.
Being 2AM on Monday night I thought it was a good idea to put them on a spreadsheet and check their 5 years performance.
So, if 5 years ago you had the brilliance to pick the best stocks ever you’d have made a 110% return on your money or a 22% yearly. Not bad, not bad at all.
At this point, 3AM on a Monday night, all I needed to do was to check the indexes return (that I currently hold) for the past 5 years, and so I did.
