Do Technology Stocks Dominate?

Hendrik Bessembinder, author of the widely cited “Do Stocks Outperform Treasury Bills?”, just published new research. In this four-part series, he examines characteristics of companies that have generated excess return for shareholders.
All of them are worth reading, but what caught my attention in particular was part II, where he examines the commonly held idea that technology stocks dominate the market.
When…

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