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Sam Stovall on the Year-End Rally, Millennium Wins by Not Losing, CVS Gets an Activist

The Compound and Friends

CHAPTER

Navigating Market Complexities

This chapter explores the intricacies of stock indexing, sector classification, and the challenges of categorizing diverse companies like Walmart and Airbnb. It examines the significant rise of ETFs and their impact on market dynamics, highlighting the risks of capital concentration and the misconceptions surrounding diversification strategies. The discussion also addresses the evolving relationship between traditional sectors and technology, raising concerns about the implications of passive investing on the economy.

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