Not Crazy Can Still Be Nuts

For a few years now, people have been comparing the rise of mega cap tech stocks to the late 90s. I think these comparisons are somewhat misguided.
I wrote those words in June 2018, adding “The gains have been extraordinary over the past five years, with Facebook, Apple, Amazon, Microsoft and Google growing from$1.2 trillion to near $4 trillion.”
Fast forward to today and the gains have been extra extraordinar…

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