I was listening to a Meb Faber podcast recently. Faber referenced a study by Longboard Funds' Eric Crittenden that found 80% - eighty percent - of all stocks have returned 0.0% - zilch - since 1989.
That's a pretty explosive "allegation," if you will, so I immediately geeked out! I had to track down and read the study and run a few tests on the conclusions, to see for myself and for my readers.
The finding, which I confirmed independently, is shocking: The report, with its immense implications for investors, is correct.
Let me show you what I found.More importantly, let me show you how to avoid the sad, underpaid fate of the folks who bought the 80% of stocks that are long-term duds...