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Podcast: Money Life with Chuck Jaffe
Episode: IFA's Hebner: The Magnificent Seven won't lead the index for much longer
Description: Mark Hebner, chief executive officer at Index Fund Advisors, says that the dominant action of the so-called Magnificent Seven stocks is nothing new, and that the market has long shown a propensity for companies to have oversized performance as their shares moved into the top 10 of an index, only to then regress toward the mean. It's not just why he thinks the Magnificent Seven will cool off in the not-too-distant future, but it reinforces investors using index funds to ride out the market rather than trying to be stock-pickers and falling prey to the market moving against them. Matt...