Stock returns on the New York Stock Exchange studied
A forthcoming Journal of Business report from the Center for Research in Security Prices analyzes 40 years of NYSE stock performance. It finds an average annual return of 9.3 percent from 1926 to 1965, with 20 postwar years at 12.6 percent, and shows most year-to-year periods were profitable.
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James H. Lorie
Our
Center For Research IN
Random Stock Picks Would Yield Strong Long Term Gains
A 1965 study by Lawrence Fisher at the Center for Research in Security Prices examined buying every NYSE stock at month ends from 1926 to 1960 and selling the following month. Results show 78 percent profitable transactions, median annual return 9.8 percent, with many outcomes doubling or bettering compounding.
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Center For Research In Security
Lawrence Fisher
New York Stock Exchange
Central Motors
Dr. Fisher
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