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29,754 stocks. 100 years. $91 trillion of wealth created.
But the median US stock lost money over its listed life.
And just 46 companies accounted for half of all net shareholder wealth created.
This Lantern Labs report is a fascinating deep dive into why a tiny number of businesses create the majority of long-term wealth and why even great businesses can be terrible investments if the investor can't capture the journey.
Highly recommended read for anyone interested in long-term investing.
#MustRead
The Arithmetic of American Wealth Creation
We studied 100 years of US stocks: 29,754 companies, $91tn of net wealth created. Only 3.72% created all of it. The median stock still lost money. Why do a few firms compound for decades while most fade? Our new report digs into that.
Report Link - lanternlabs.net/US_Wealth_Cr…
The recent Raghav Productivity Enhancers Ltd.–TRL Krosaki Refractories Ltd. JV has an interesting detail that deserves attention.
RPEL’s stock has also seen a notable 65% move over last 3 mths
The JV is between RPEL and TRL Krosaki Refractories, a Nippon Steel subsidiary.
RPEL will own 80%, with TRLK holding 20%.
But the standout feature is the royalty arrangement.
RPEL will receive a royalty from the JV for using its patented manufacturing technology.
A Japanese company paying an Indian company for its technology is unusual. It also provides an external validation of RPEL’s IP and manufacturing know-how.
The JV will be based in East India, close to a large steel and foundry cluster.
It will also get access to TRLK’s quartzite mines — an important raw material for ramming mass.
The ownership, technology royalty and raw-material access make this more than a straightforward JV announcement.
Source: business-standard.com/market…
Happy 80th Independence Day India!!!
The Tiranga flies high because countless heroes chose the nation over their own lives.
80 years of a nation that keeps rising,
evolving, and dreaming bigger.
🇮🇳 वंदे मातरम् 🇮🇳 जय हिन्द 🇮🇳
Hold your strongest stocks the longest and sell stocks that stop moving up or are acting sluggish quickly. Remember stocks are only good when they are moving up.
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