The Mash Quarterly | 2Q24
- Kunal Mashruwala
- Jul 15, 2024
- 1 min read
Updated: Apr 27
It's Nvidia's playground and we are all playing in it. With extreme levels of market concentration, stock picking in the S&P 500 essentially boils down to whether you like Tech or not. Especially US Mega Cap Tech.
As Buffett says, most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.
Naturally then, we are leaning away from US Mega Cap Tech. And leaning into other pockets that offer a reasonable Margin of Safety.
Please read the 2Q24 investor note for more.
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