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Beating a dead horse department, but coincidentally timed to the point, a detailed look back from Contrarian Edge:
"....Fine, just look up Microsoft, Cisco Systems, Coca Cola, and Wal-Mart stock charts from the late ’90s, and you’ll see that history repeats itself, again and again (see charts below).

What you pay for even a great company matters. Paraphrasing the great Freddie Mercury, there must be more to the stock market than FANGAM (though that has not been the case lately). They were the tailwind for the S&P 500, but they’ll likely turn into a headwind over the next decade, and become an anchor around its neck."

https://contrarianedge.com/nifty-faang-and-other-one-decisio...
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