Since 2018, high PE stocks have steadily replaced lower-valuation companies, driven by new entrants from fintech, consumer discretionary, and healthcare. Meanwhile, older economy stocks, including oil & gas, industrials, and traditional lenders, have been phased out. This shift reflects evolving market dynamics favoring growth sectors over legacy industries.
Warren Buffett celebrates Berkshire Hathaway’s success over 60 years as CEO while admitting mistakes
Warren Buffett highlighted Berkshire Hathaway’s achievements over the past year and six decades, praising successor Greg Abel’s readiness to seize investment opportunities. With $334.201 billion