Concentrating On Concentration

The US stock market is heavily concentrated in a handful of technology companies. The “Magnificent Seven” – Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla – account for just over 30% of the US stock market’s total value, and they are all tech firms.[1] Many investors and commentators findVictor Haghani has spent 30 years actively involved in markets and financial innovation. He started his career in 1984 at Salomon Brothers, in research and then in the Bond Arbitrage group run by John Meriwethe ...