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I agree with your sentiment, but unfortunately it's become the common term to refer to a particular group of stocks. It was semi-ironically coined last year by
by nkurz 3y ago
I agree with your sentiment, but unfortunately it's become the common term to refer to a particular group of stocks. It was semi-ironically coined last year by a Bank of America analyst who was pointing out the risks of having such a concentration in so few companies, but at this point almost everyone in the media is using it unironically. It's possible that your rule of not listening to anyone who uses it should still stand. If it helps you view it a little more positively, consider the argument that at least "Mama Ant" didn't catch on: https://www.fool.com/investing/2023/07/31/mama-ant-helps-you-recall-the-magnificent-7-stocks/ https://www.fool.com/investing/2023/07/31/mama-ant-helps-you...