Hendrik Bessembinder
Hendrik Bessembinder is a renowned finance professor at Arizona State University, known for his research in market efficiency and stock performance. His influential study analyzing over 28,000 stocks from 1926 to 2024 revealed that only 4% of firms generated all net wealth in the U.S. stock market, highlighting the challenges of stock picking and the prevalence of familiarity bias among investors.
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Professor Hendrik Bessembinder conducted a study on stock performance at Arizona State University.
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