The evidence is everywhere, and someone ought to spend 15 minutes shoving it under the nose of every member of Congress who shows up in Washington for the first time. Instead, the average member who felt above average ended up with $69. Past performance is no indication of future success. It re-ranks the performance of 18 household-name stocks over each of 20 years, before your very eyes. In fact, according to a different bit of research, the best-performing 4 percent of stocks contributed the stock market’s entire net gain since 1926.

Source: New York Times November 14, 2020 07:52 UTC