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by pjc50 131 days ago
> top 10 biggest and most profitable companies in human history are all preposterously wrong

There's another post on the front page about the 2008 financial crisis, which was almost exactly that. Investors are vulnerable to herd mentality. Especially as it's hard to be "right but early" and watch everyone else making money hand over fist while you stand back.

https://news.ycombinator.com/item?id=46889008
1 comments
anthonypasq 131 days ago
this was the top 10 companies in the s and p in 2008

Rank,Company 1,Exxon Mobil 2,General Electric (GE) 3,Microsoft 4,Procter & Gamble 5,Chevron 6,Johnson & Johnson 7,AT&T 8,Walmart 9,JPMorgan Chase 10,Berkshire Hathaway

1 financial institution.

8 of the top 10 currently are tech companies. its completely different

link