Portraying Compound Returns
The results confirm the general claim that extreme skewness is a result of long-term com-pounding induced by a single period standard deviation. The results confirm that the Swedish stock market has the same characteristics as that of the US market. I estimate that the Swe-dish stock market produced 1.2tnSEK wealth 1984 – 2018 – with an extreme concentration of 28 stocks representing all wealth cr
