The winner’s curse
A well-recognized phenomenon, particularly in the Canadian market, happens when a company reaches top dog status by market capitalization. However, it can simultaneously signal the start of its demise.
Average return on investment (10 years)
Top Dogs reach the summit due to rapid growth and a widely admired business model, but studies show that these companies gradually lose their ability to grow quickly. Their fall from the top is typically as fast and dramatic as their rise.