00:00 Speaker A
One thing that has won in the last couple of years, of course, is the MAG 7. If you had to be a buyer or a seller right now, which one would you rather be?
00:09 Speaker B
I’d be a diversifier. And so maybe that’s way of not answering the question. Look, I know people have concentrated there. I I know that’s where the beloved, uh, MAG 7 and those stocks are. But if you look historically, the same seven names don’t always dominate every single year. In fact, the top 10 names in the S&P 500 over longer periods of time, just buying those and then holding the next year, has been a losing proposition. Uh, and so to me, I think the market has to broaden out no matter what happens in the next few months, next few quarters. And I think if we’re sitting here three or four or five years from now, that the MAG 7 will not longer be the MAG 7. There will be new leadership at top that, and the market cap weighted S&P will also have new leaders at the top. And so that’s what I would advise people. It doesn’t mean you can’t own some of these. Just don’t make them your sole holdings, which I I’m afraid so many individual investors are doing.