Do Nothing is a decent strategy
If you buy the 10 biggest stocks in 1957 and do nothing you would beat the S&P without the new thing. No technology, no Biotech, no IPO's etc....
let that sink in!
why does it work? because you can have some companies that go to zero -100% like Bethlehem Steel and you can have companies that give you 12,000%. In this list we don't have Philip Morris that was the best stock ever in the S&P.
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