“In the boom years of the 1950s, the 10 biggest companies, including AT&T, DuPont, and General Motors, regularly exceeded 30% of the value of all U.S. stocks. In July 1955, GM alone—up 78% over the previous 12 months—amounted to 6.8% of the value of the entire U.S. stock market, according to the Center for Research in Security Prices.”
Read the full article at the Wall Street Journal.
In this article on private equity’s quest for IPO alternatives, Bloomberg notes, “The number of public companies in the US has almost halved since it peaked at around 7,500 in
Professor Nagel served as Executive Editor of the Journal of Finance, one of the leading academic finance journals in the world, from 2016 to 2022. Previously, he was an editor
CRSP would like to congratulate Lubos Pastor on being elected to Vanguard’s Board of Directors. Lubos will be stepping down from CRSP’s Fiduciary Board, but will be remain on CRSP’s
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