One of my favorite charts from the new book:
→ In 1900, roughly 80% of US stock market value came from industries like railroads, coal, steel, and textiles.
→ Today, about 70% of the market comes from industries that were tiny—or didn't exist at all—125 years ago.
One of the great lessons of investing: The stock market is constantly renewing itself. The future winners rarely look like the past winners.
What industries dominate this chart in 2125?
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