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M*: The Doctrine Of Shareholder Value Has Indeed Helped Shareholders
FYI: American stocks have outdone even the bravest expectations. Over the past 30 years, the S&P 500 has gained an annualized 9.8%, resulting in a compounded return exceeding 1,600%. In 1989, the entire globe’s gross domestic product summed to $20 trillion, expressed in current dollars. Today, publicly traded U.S. equities are worth a collective $30 trillion. Regards, Ted https://www.morningstar.com/articles/940591/shareholder-value-doctrine-has-indeed-helped-shareholders
