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The Worst Chart in Finance (EP.301)

Animal Spirits Podcast

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The Worst Chart of the US Dollar

Apple and Microsoft currently account for 13.3% of the S&P 500. Not since AT&T and IBM in the late 70s have two stocks been so dominant. The entirety of the 3% gain is attributed to those five stocks, which just does. If you bear your money in the backyard, guess what? In 30 years, it's not going to be worth as much. That's the way the world works.

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