Value Investing and Lifelong Learning with Cole Smead
Excess Returns
00:00
The Greatest Investor of All Time Could Miss a Stock Two Times
We're just not big fans of saying, let's like kind of balance out the things by sector. Let me give an example. If you reconstituted the old technology sector, right, before we threw a bunch of those companies into what we now know as communication services,. You go out and bring back Amazon out of discretionary and throw it back into tech. I mean, we had a way higher tech sector in this go round than we ever had in 99. Okay, I think it peaked at 47% of the actual S&P 500. So I just say that because, again, it's business, the business, thebusiness. We look at sector so little, we
Transcript
Play full episode
