Capital Market Veteran: Unfollow crowded mega-cap tech stocks, instead increase holdings in low-priced financial stocks
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Senior value investor and Oakmark Fund's 40-year fund manager Bill Nygren stated that the technology sector of the S&P 500 index is overly concentrated, reducing diversity, with approximately 25 largest companies dominating the index, exacerbating the "fragility" of the US stock market. At the same time, the market's negative bias towards value stocks provides investment opportunities. Therefore, he is looking outside the technology sector for companies with low valuations and large-scale stock buyback plans. For example, Corebridge repurchases up to 20% of its shares annually
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