Five years ago, I wrote a blog post that would change the world of finance forever. I shared a chart that tried to visualize just how dominant the large stocks had gotten in the cap-weighted S&P 500.
In July 2018, with every FAAMG stock hitting an all-time high, these five companies had a market capitalization that was equal to the bottom 282 names in the index. A lot has changed between then and now, but one thing t…
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