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BUSINESS BRIEFS.(TO THE POINT)
INVESTORS
Some investors can beat Wall St.
Some 20% consistently pick stocks that outpace the stock market as a whole, says an Ohio State University study. It looked at 113,000 accounts of large discount brokerages from '90-'96. This defies the commonly held view that individual investors are naive or foolish. The top 10% of investors beat the market by 38% a year. But 23% did poorly.
MARKETS
Tough April for stock, debt sales
U.S. firms sold about $13.2 bil in stocks and equity-related products, the worst April in five years, market research firm Dealogic said. Fees from stock deals fell 55% to $325 mil. ...
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