a. With 20/20 hindsight, which investment category performed best for the period 1926–1935?

b. Why doesn’t everyone just buy small-company stocks as investments?

c. What was the smallest return observed over the 93 years for each category of investments? Approximately when did it occur?

d. About how many times did large-company stocks (common 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?