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From the article, > Magnificent 7 returned an incredible 107% over 2023, far outpacing the broader MSCI USA index, which delivered a still healthy but relative
by EchoChamberMan 3y ago
From the article,
> Magnificent 7 returned an incredible 107% over 2023, far outpacing the broader MSCI USA index, which delivered a still healthy but relatively paltry 27% to investors.
If I owned those stocks, I'd say that's magnificent.
- creer 3y agoBut not for the reasons or mechanisms bandied about. The various members are magnificent for fairly distinctive reasons, meaning they seem to me run in very different manners. They have tech and valuation more or less in common - and that's about it.
- EchoChamberMan 3y agoI wouldn't say they are magnificent at all, but as a description of their production of wealth, especially in common news, it seems very fitting, considering they are 3-4x as "productive" as the alternative. I don't find the usage of magnificent "absurd" in context.