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Still Buying the Haystack and Sleeping Well Because I’ll Own The Needles (Winners)

MyMoneyBlog.com - Mon, 06/01/2026 - 03:23

In 2019, I wrote the post Buying The Haystack: Sleeping Well Because I’ll Own The Winners (Needles). Recently, Hendrik Bessembinder updated his previous research with the paper One Hundred Years in the U.S. Stock Markets (SSRN/PDF), which tracked the “investment outcomes for 29,754 common stocks listed on the public U.S. stock markets over the 100-year period from 1926 to 2025”. Some highlights:

  • Total Net Wealth created over that period: ~$91 Trillion.
  • The 0.2% Needles: Just 46 stocks (roughly 0.2% of the ~30,000 total stocks) were responsible for generating 50% of that $91 trillion.
  • The 4% Needles: Only 4% of all stocks accounted for 100% of the net value creation. The other 96% collectively just matched risk-free US Treasury bills – many were complete or nearly complete losses, the rest had smaller gains that only just offset those losses. This means that the top 4% created all of the net wealth creation.

Here is a chart that summarizes this info from a Vanguard Australia article Equity market skewness: The few mega-winners and the case for diversification:

I will simply quote Bogle and myself now, because I am lazy and honestly that’s how investment writing works. You just end up repeating and/or repackaging the same 10-25 rules over and over again.

As the late Jack Bogle told us: “Don’t look for the needle in the haystack. Just buy the haystack.”

I don’t know which will be the most successful US companies in the future, but I know that I will own them via the total US index fund in my portfolio. I will own the next Amazon, Google, Facebook, Apple, or Visa. I’ll also own whoever disrupts them after that. Since I own a big chunk of global stocks inside the Vanguard Total International Stock Index fund, I’ll be covered if they come from the other side of the world.

In 2026, this means I own NVIDIA/Alphabet/Google/Microsoft, but in 10 years, I know that the picture will be at least somewhat different.

Categories: Finance

TikTok Says End-To-End Encryption Makes Users Less Safe

Slashdot.org - Wed, 03/04/2026 - 13:00
An anonymous reader quotes a report from the BBC: TikTok will not introduce end-to-end encryption (E2EE) -- the controversial privacy feature used by nearly all its rivals -- arguing it makes users less safe. E2EE means only the sender and recipient of a direct message can view its contents, making it the most secure form of communication available to the general public. Platforms such as Facebook, Instagram, Messenger and X have embraced it because they say their priority is maximizing user privacy. But critics have said E2EE makes it harder to stop harmful content spreading online, because it means tech firms and law enforcement have no way of viewing any material sent in direct messages. The situation is made more complex because TikTok has long faced accusations that ties to the Chinese state may put users' data at risk. TikTok has consistently denied this, but earlier this year the social media firm's US operations were separated from its global business on the orders of US lawmakers. TikTok told the BBC it believed end-to-end encryption prevented police and safety teams from being able to read direct messages if they needed to. It confirmed its approach to the BBC in a briefing about security at its London office, saying it wanted to protect users, especially young people from harm. It described this stance as a deliberate decision to set itself apart from rivals. "Grooming and harassment risks are very real in DMs [direct messages] so TikTok now can credibly argue that it's prioritizing 'proactive safety' over 'privacy absolutism' which is a pretty powerful soundbite," said social media industry analyst Matt Navarra. But Navarra said the move also "puts TikTok out of step with global privacy expectations" and might reinforce wariness for some about its ownership.

Read more of this story at Slashdot.

Apple Announces Low-Cost 'MacBook Neo' With A18 Pro Chip

Slashdot.org - Wed, 03/04/2026 - 12:00
Continuing its product launches this week, Apple today announced the "MacBook Neo," an all-new, low-cost Mac featuring the A18 Pro chip. It starts at $599 and begins shipping on Wednesday, March 11. MacRumors reports: The MacBook Neo is the first Mac to be powered by an iPhone chip; the A18 Pro debuted in 2024's iPhone 16 Pro models. Apple says it is up to 50% faster for everyday tasks than the bestselling PC with the latest shipping Intel Core Ultra 5, up to 3x faster for on-device AI workloads, and up to 2x faster for tasks like photo editing. The MacBook Neo features a 13-inch Liquid Retina display with a 2408-by-1506 resolution, 500 nits of brightness, and an anti-reflective coating. The display does not have a notch, instead featuring uniform, iPad-style bezels. It is available in Silver, Indigo, Blush, and Citrus color options. The colored finishes extend to the Magic Keyboard in lighter shades and come with matching wallpapers. It weighs 2.7 pounds. There are two USB-C ports. One is a USB-C 2 port with support for speeds up to 480 Mb/s and one is a USB-C 3 port with support for speeds up to 10 Gb/s. There is also a headphone jack. The MacBook Neo also offers a 16-hour battery life, 8GB of unified memory, Wi-Fi 6E and Bluetooth 6 connectivity, a 1080p front-facing camera, dual mics with directional beamforming, and dual side-firing speakers with Spatial Audio.

Read more of this story at Slashdot.

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