Return fishing with a wide net

Global equity markets have delivered a return of 7.2% (in GBP terms) in the first half of 2023. Remarkably, just nine companies contributed three quarters of this, and the other 7,000 or so stocks delivered the other quarter (1.9%). Some may wish they had owned these stocks (hindsight bias) and others suffer from FOMO and want to dive in.

The evidence-based investor simple uses a wide net to capture the market returns.

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