I wonder what makes the S&P500 "special" among broad indices.
The fact that US companies are global, that a US listing is more attractive, that ambitious people choose to move to the US (from the Big 7 so many founders or CEOs were born elsewhere)?
It makes me wonder, if you live in Europe and want to have just ONE index for equity exposure: Would you pick a global index (some variation of MSCI World) or the SPX?
All great points which make the S&P 500 to be called 'the market': liquidity, domicile, regulation, ease of investing ... automatic diversification with 41% of the revenues international which is not enough mentioned imo.
European investor perspective, MSCI World is a more complete index imo. Note also a key aspect imo: the Swiss National Bank tracks +/- the MSCI USA index for their stocks portfolio (YE 2022 = $139 billions market value) ... and I am sure they had some reasons to choose it over the S&P500 https://twitter.com/Maverick_Equity/status/1646507339019849735
Great analysis, thanks for sharing it!
glad to hear, welcome!
Another banger! Great job Maverick.
I wonder what makes the S&P500 "special" among broad indices.
The fact that US companies are global, that a US listing is more attractive, that ambitious people choose to move to the US (from the Big 7 so many founders or CEOs were born elsewhere)?
It makes me wonder, if you live in Europe and want to have just ONE index for equity exposure: Would you pick a global index (some variation of MSCI World) or the SPX?
Great to hear George, thank you!
All great points which make the S&P 500 to be called 'the market': liquidity, domicile, regulation, ease of investing ... automatic diversification with 41% of the revenues international which is not enough mentioned imo.
European investor perspective, MSCI World is a more complete index imo. Note also a key aspect imo: the Swiss National Bank tracks +/- the MSCI USA index for their stocks portfolio (YE 2022 = $139 billions market value) ... and I am sure they had some reasons to choose it over the S&P500 https://twitter.com/Maverick_Equity/status/1646507339019849735
https://twitter.com/Maverick_Equity/status/1655592150568955906
hmm interesting, did not know SNB stocks portfolio is that big and that it tracks MSCI USA ... I thoughts it's the S&P 500 ... nice insight, thanks!
US is US indeed for many reasons ... cannot compare with socialist Europe ... pros & cons
Love the analysis!
great to hear Cristian, multumesc, cheers!
Nice to hear from you again! Cheers! I see you've learned some Romanian, that's awesome! :-)
Maverick overview, great job!
thank you sir! :)
great report, not even big research think thanks capture so much into so little space & words ... thank, you know your stuff ... cheers!
humbled and great to hear that! welcome!
This report is unique out there and keeps improving, you the man Mav! Thx!