The 10 Best Tech Stocks of All Time
The best tech stocks today have been helping the market hit record highs seemingly every other day. That's no secret. Less well-known is how technology has delivered such a disproportionate amount of the market's lifetime wealth creation.
We know of tech's outsize role because a finance professor made a startling discovery about the stock market: Over a 90-year span, 96% of all stocks collectively performed no better than risk-free one-month Treasury bills. After analyzing the lifetime returns of 25,967 common stocks, Hendrik Bessembinder determined that just 1,092 of those stocks - or about 4% of the total - generated all of the $34.8 trillion in wealth created for shareholders by the stock market between July 1926 and December 2016. Even more striking, a mere 50 stocks accounted for almost 40% of that amount.
You can see where this is heading. Of these elite 50 names, fully one in five is a tech stock. In other words, when it comes to lifetime wealth creation, the best tech stocks have punched well above their weight.
Before we get to our profiles of the 10 best-performing tech stocks of all time, a word of caution. Accurately identifying the
