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Cullen Roche observes that the average tenure of an SP500 firm has decreased from 30 years in the 1970s to 15 years today.
He discusses how companies are growing and dying at a faster rate, suggesting that the pace of change in the corporate landscape is accelerating.
Roche has previously clarified that unrealized stock market value does not tie up cash, keeping funds available for current use. He has also discussed how distribution and networking remain challenges for boutique ETF operators. These comments come as corporate turnover accelerates in the S&P 500.