Mauboussin: Stocks Are Disappearing As Markets Are Becoming More Efficient

HFA Padded
Rupert Hargreaves
Published on
Updated on

There has been a sharp fall in the number of listed stocks in the United States since 1996 according to a new research paper from Credit Suisse’s Michael J. Mauboussin. The article notes that US stock listings have fallen by around 50% since 1996 through 2016, but this isn’t a global phenomenon. In fact, around the rest of the world’s stock listings rose by 50% over the same period. As a result, the US now has a listing gap of more than 5,800 companies. Intangible Assets Now Account For More Than 84% Of S&P 500 But why are businesses shying…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk

Comments are closed.