Not necessarily. First, it depends on the market. Some are zero-sum, and about others one can say that they are NOT zero-sum, but that’s it. They might be negative-sum or positive-sum, depending on the circumstances.
If you just buy a bunch of stocks and hold onto them, on average you’ll outperform cash.
That also depends. Average over what? Which countries and what time periods?
Not necessarily. First, it depends on the market. Some are zero-sum, and about others one can say that they are NOT zero-sum, but that’s it. They might be negative-sum or positive-sum, depending on the circumstances.
That also depends. Average over what? Which countries and what time periods?