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The Dow Jones Industrial Average has 30 stocks in it.
Google is being added.
Verizon is being kicked out.
It changes over time.
This is how it can go up over time.
Here are some other recent additions to the Dow in the last 14 years:
Nvidia
Sherwin Williams
Amazon
Honeywell
Apple
Goldman Sachs
United Healthcare
Visa
This will change how you see βvalueβ in the stock market.
If it is likely to be worth more in the future, it is a value.
It has noting to do with PE, earnings, etc.
Momentum and imagination π are often the best value.
Every trade will be imperfect. we will not buy the bottom or sell the top...even for the day.
Looking to take chunks out of the middle.
This is hard for perfectionists and super smart people who are used to beong right all the time.
Elon Musk is now nearly $1 trillion ahead of the second-richest person in the world. And the crazy thing isβ¦your house is nicer than his. For everyday living, Musk resides in a compact $50,000 modular unit built by Boxabl, which he rents from SpaceX. It measures just 20 by 20 feet and includes the bare necessities for his minimalist lifestyle.