Global stock market returns have extreme dispersion: over 30-year rolling windows, the 1st percentile is negative 94% real return while the 99th percentile is 70x, yet the media promotes the 7% average as if it's typical.

factualpending

Speaker

Jason Buck

Evidence Quote

the first percentile is a negative 94% return and the the top percentile that 99th percentile is a 70x

Source

Why Defense Wins in Investing | Practical Lessons from Jason BuckExcess Returns
Created: 8/11/2026, 7:37:59 AM

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