Market cap to me was always arbitrary, something could easily be overbought and have a high price. Something that's expensive isn't always better. Now, I know that more revenue isn't always better but it would be a better index in my opinion because this is where the money is actually going! Keep your eye on the ball. The stock market capitalization is truly just a derivative and intangible. Imagine if everybody decided to hold a stock, the ledger would shoot into a downward spiral. The S&P 500 is better than other indexes in many ways but don't you think it's overhyped? There has to be a more fundamental index to really cover our bases.
Here's the top 500 companies in the US by revenue. I'm curious, if one were to rebalance annually, what would the return look like?
Submitted April 11, 2021 at 11:29PM by cheekygorilla https://ift.tt/328RANc
