Comparison of top companies in 1989 and 2024, highlighting shifts in market dominance and the importance of patience

From NASDAQ.: 2024-09-28 11:21:00

Warren Buffett emphasizes patience in investing for long-term success. Not every company withstands the test of time. Recency bias can mislead, requiring investors to think ahead.

Top companies in 1989 – massive Japanese presence, only Toyota remains in top 50 today. Exxon investment worthwhile, others faded or merged, with combined market capitalization now over $240 billion.

Current top companies in 2024 dominated by U.S. tech giants – Apple, Microsoft, Nvidia, Amazon, and Alphabet. Tech sector’s dominance likely to continue, but history shows top lists evolve over time. Patience is key for investors.

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Read more at NASDAQ.: These Were the 5 Biggest Companies in 1989, and Here Are the 5 Biggest Companies Now