By
Borsgade
In 2023, seven companies (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) increased their combined market capitalization by $5.1 billion. USD, which represents just under 60% of the increase in market capitalization of all 6658 US stocks. At the end of 2023, these seven companies had a market capitalization of $12.2 billion. USD, greater than the market capitalization of all listed shares in China, the second largest stock market in the world.
In this video, Professor Damodaran looks at three reasons for the success of ‘The Magnificent Seven’. He ends the video by valuing all seven companies that he all owns (bought at different times), concluding that while five are close to fair value, two are overvalued (spoiler: here he’s talking about Nvidia and Microsoft).
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
Francois Rochon, CIO of Giverny Capital, recently shared his approach to navigating market crashes on the Meb Faber Podcast. His perspective emphasizes acceptance, preparation, and strategic action rather than panic or futile attempts at market timing.
In his latest memo “Nobody Knows (Yet Again)”, Howard Marks addresses the profound uncertainty facing investors and policymakers amid recent upheavals in global trade and economic policy. Drawing on parallels to the 2008 financial crisis and the Covid-19 pandemic, Howard emphasizes the limits of forecasting in unprecedented situations and the importance of rational, flexible decision-making despite the absence of clear answers.
In this recent interview, François Rochon, founder of Giverny Capital, shares his insights on optimal portfolio strategy. François emphasizes a balanced and disciplined investment philosophy that prioritizes quality over excessive diversification.
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
