Mauboussin: Stocks Are Disappearing As Markets Are Becoming More Efficient

Rupert Hargreaves

Published onMarch 23, 2017

Updated on May 14, 2021

There has been a sharp fall in the number of listed stocks in the United States since 1996 according to a new research paper from Credit Suisse’s Michael J. Mauboussin.

The article notes that US stock listings have fallen by around 50% since 1996 through 2016, but this isn’t a global phenomenon. In fact, around the rest of the world’s stock listings rose by 50% over the same period. As a result, the US now has a listing gap of more than 5,800 companies.

Intangible Assets Now Account For More Than 84% Of S&P 500

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Mauboussin: Stocks Are Disappearing As Markets Are Becoming More Efficient

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