Indexology®: Concentration Consternation
July 31, 2015 at 07:30 AM EDT
“There are 3 kinds of lies: lies, damned lies, and statistics.”- Mark Twain Earlier this week, The Wall Street Journal pointed out that a mere six stocks (Amazon, Google, Apple, Facebook, Gilead, and Disney) had accounted for more than 100% of the S&P 500’s year-to-date gains. This degree of...