a. With 20/20 hindsight, what do you say was the best investment for the period from 1926 through 1935?
b. Why doesn’t everyone just buy small stocks as investments?
c. What was the smallest return observed over the 80 years for each of these investments? Approximately when did it occur?
d. About how many times did large-company stocks return more than 30 percent? How many times did they return less than −20 percent?
e. What was the longest “winning streak” (years without a negative return) for large-company stocks? For long-term government bonds?
f. How often did the T-bill portfolio have a negative return?