7 is more than 1500

The MSCI World index includes roughly 1,500 companies, with approximately 2/3 of all companies having a performance lower than the index's return of 19%.

7 companies account for 50% of this year's rise regarding the MSCI World of 19%. These companies are Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.

The development is led by Nvidia with a return of 212%, followed by Meta and Tesla with a return of 140% and 89%, respectively.

At sector level, diversification is even worse. The technology sector makes up 20% of the total MSCI World Index and accounts for half of this year's rise.

Wonder what will happen in the future when 7 companies make up the entire world economy in one way or another.

In Sweden there is a children's program named "5 ants are more than 4 elephants" but in this case it is "7 ants are more than 1500 elephants"...