> Your portfolio should only contain FANG companies. Every single one has outperformed the market by at least 2X and up to 6 X over the last 5 years.
Based on this, your portfolio should have only contained FAANG companies for the last 5 years.
The argument for "Your portfolio should only contain FANG companies" would be "Every single one will outperform the market by at least 2X and up to 6 X over the next 5 years".
Buying FAANG in 2020 is buying assets whose price has just gone up a lot - the very opposite of contrarian.
Based on this, your portfolio should have only contained FAANG companies for the last 5 years.
The argument for "Your portfolio should only contain FANG companies" would be "Every single one will outperform the market by at least 2X and up to 6 X over the next 5 years".
Buying FAANG in 2020 is buying assets whose price has just gone up a lot - the very opposite of contrarian.