Warren Buffet made a list of top 20 companies for the last 30 years, and a new list for next 30 years. He noted the following stark differences:
1. Those int the list for the last 30 years, did not make to the new list
2. Their market cap of those since 1989 were in the billions; in the new list, most are in the trillions
3. Only Aramco TSMC are asset and resource based; most have intellectual capital
This is a great lesson in investment where the world is going. Before car factories, manufacturers, energy companies, banks were the darling of investment. Now computing and programming: games AI will be the new next thing.
Where will you bet.? Hence progress has left Japan and other progressive countries. It has stayed at Silicon valley and USA
| Company | Market Cap (USD) |
|---|---|
| Nvidia | $3.34T |
| Microsoft | $3.32T |
| Apple | $3.29T |
| Alphabet | $2.17T |
| Amazon | $1.90T |
| Saudi Aramco | $1.79T |
| Meta | $1.27T |
| TSMC | $932B |
| Median S&P 500 company | $92B |
Nvidia
Saudi Aramco
TSMC