X @Arthur Hayes

Is it any wonder that 99% of all shitcoins are zero’s in waiting.The Kobeissi Letter (@KobeissiLetter):This is wild:ALL net wealth in the US stock market since 1926 has been generated by just 3.44% of companies.To put this differently, ~97% of all stocks have barely contributed to long-term shareholder wealth creation.The top 1.88% of companies reflect 90% of total gains. https://t.co/vqlw2gjPEV ...