Hendrik Bessembinder

Professor Hendrik Bessembinder, a finance expert from Arizona State University, dives into why most stocks fail to deliver returns over the long haul. He highlights that only a select few stocks drive market gains while the majority lose money. Bessembinder discusses the asymmetry in stock market returns and why equities outshine treasury bills over time. He shares insights on the characteristics of the biggest market winners and the challenges stock pickers face today, revealing intriguing trends in both U.S. and international stocks.

Join Hendrik Bessembinder, a finance professor at Arizona State University, as he uncovers why most stocks underperform Treasury bills. He reveals that a small number of stocks drive the majority of market returns, challenging traditional investing strategies. Listen in as he discusses the role of skewness, the complexities of mutual fund performance, and common investing mistakes. Learn how chasing past returns can lead to costly errors, and discover effective strategies for building a robust portfolio that endures market fluctuations.

Hendrik Bessembinder, an academic who studies asset returns and performance measurement, joins to dissect leveraged ETFs and rethink how returns are measured. He unpacks daily rebalancing, underperformance drivers, and risks of inverse funds. Then he introduces the sustainable return concept as a cash-flow–focused alternative to standard averages.

Join Robin Wigglesworth, a contributor from FT Alphaville, and Hendrik Bessembinder, a renowned professor known for his extensive stock research, as they delve into the staggering results of Bessembinder’s analysis of top-performing stocks over the last century. Discover how one stock achieved an unbelievable 265,528,900% return. They also explore the power of compounding, the challenges facing traditional versus tech industries, the debate between passive and active investing, and the quirks of leveraged ETFs in today’s market.

Hendrik Bessembinder, accademico e ricercatore finanziario, discute perché l'investimento in azioni è così complesso. Esplora come pochi titoli generano la maggior parte della ricchezza e il ruolo della skewness nei rendimenti azionari. Parla della necessità di diversificazione nonostante alcune eccezioni e analizza i miti sui mega-vincitori. Bessembinder offre anche suggerimenti pratici per i giovani investitori, enfatizzando l'importanza di tempo e strategia nel mercato.