At 32:54 another way to do it is to take the EPS of each holding and multiply this by the number of shares. Then take the number of each shares and multiply by their price and add them up. So you have SUM(Px x NbOfSharesx) / Sum(NbOfShares x EPS) giving you the total market cost of your portfolio divided by the total earnings of your portfolio.
For the Nasdaq-100 index, in the 1990's the rules were altered to limit how much Microsoft could occupy in the index. I don't know if this rule was afterwards applied to the other super-stocks such as Amazon, Google and Apple.
I remember that, well..and, I was INFURIATED, then; as I am now, with them about to do that with Nvidia. If I'd wanted an actively-managed fund, I would have BOUGHT an actively-managed fund. I don't know how they get away with this, and still can call it, an "index".
Yes, Matt!! There we go! Finally you say something star spangled awesome, “Always Pay Your Taxes!” You’ve just got to finish it off with the grand finale, “To keep our currency strong! To keep our country strong!” 🇺🇸 👏 💪
All of this hyper-analysis is MEANINGLESS. It's all about what people perceive as being the best money-making prospects. That's why a house which costs $200,000 in San Antionio, is $2,000,000 in San Francisco, for the same house.
