Why Most Stocks Lose Money With Hendrik Bessembinder (EP.259)

Why Most Stocks Lose Money With Hendrik Bessembinder (EP.259)

June 3, 2026 · 46 min · Episode 259

About this episode

In this episode, Peter Lazaroff interviews Hendrik Bessembinder about why most individual stocks lose money despite the stock market generating long-term wealth.

Get updates for my new book here: https://Theperfectportfoliobook.com ----- In this episode, I'm joined by Hendrik "Hank" Bessembinder to discuss why the stock market has created enormous long-term wealth even though most individual stocks have failed to beat Treasury bills. We explore what this means for diversification, stock picking, financial planning, sequence risk, and the way investors should think about long-term returns. Listen now and learn: ► Why most individual stocks lose money even though the overall stock market has created massive wealth ► How a small number of extreme winners drive long-term market returns ► Why average returns, alpha, and traditional planning assumptions can mislead investors ► What Hank's research suggests about diversification, sequence risk, and the future impact of AI Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. Editing and post-production work for this episode was provided by The Podcast Consultant ( ⁠ https://thepodcastconsultant.com ⁠ ) Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be…

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