Public Companies at 40 Year Low

By Torrey and Gray | August 22, 2018

As reported in the Wall Street Journal yesterday, the number of publicly held companies in the U.S. is lower than is was in 1976.  GDP is much higher.  So more money is concentrated in fewer companies, which we would argue poses greater volatility and investor risk.  Why is this?  Reasons include – as we discussed…

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