“Tech” no longer useful category of investment? So-called tech companies sell very different things: Commerce. Computers. Advertising. Software. Also, eg Boeing uses some of highest “tech” but not called tech company. Wall Street suffers from hardening of the categories.
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It’s not about tech, per se. An overweight in passive funds in tech can be a good thing or a bad thing. It all depends on their prices relative to intrinsic value estimates.
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Just the reality of our society.
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