#19 The Value Investor
Behind the Balance Sheet
Is the S&P 500 Valuable?
The world's just acutely aware of what the S&P 500 does to the extent that we own component members of the index or not. We don't hue to a benchmark, but you can't not marvel at the big five tech companies,. The 10 year run they had was extraordinary. You take MasterCard Visa, some of the other great businesses had like terrific runs over a period of time. It drove the overall profits of the index markedly higher.
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