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Is the Bear Market Over? (EP.311)

Animal Spirits Podcast

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The Importance of Outperformance in the Stock Market

A lot of the talk lately has been about these big stocks getting even bigger. Ned Davis had a cool piece that showed Apple Microsoft, Google, Amazon, NVIDIA, Facebook, Tesla are now bigger than the combined sectors of energy, materials, industrials, and financials. The funny thing is they underperform a little bit, but they essentially become the market when they get in the top 10. There's very little outperformance or a little underperformance. And so all you have to do to be a successful investor is figure out the companies are going to enter the top 10 and you're fine.

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