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"Tech" in this case is an overly broad classification. Apple, Amazon, and Facebook are all very different businesses and should not have correlated performance.
by JoshTko 9y ago
"Tech" in this case is an overly broad classification. Apple, Amazon, and Facebook are all very different businesses and should not have correlated performance.
- bpicolo 9y agoLogistics, hardware, advertising. All very different for sure. Every successful business has to be “tech” in this century. Tech is how you achieve high scale
- repsilat 9y agoYeah, if "tech" just means "many employees are programmers" or "has a large online presence" it seems obvious that tech is going to become a larger portion of the market, and rebalancing to cut down the "overweight" tech in your portfolio runs directly counter to what passive cap-weighted investing is about -- having investments that follow what has won in the past and is expected to win in the future.