The concept of 'Fangam' was used to label top stocks in the last decade, then replaced by 'Mag 7' with Nvidia and Tesla additions, now expanding to 'Mag 10' with Broadcom, AMD, and Palantir; constantly redefining the grouping to include the most successful stocks makes concentration appear natural rather than problematic.
causalpending
Speaker
Aswath DamodaranEvidence Quote
“If we keep adding the most successful stocks of the last decade into this group, almost by definition, the group is going to be a big chunk of the rise in equity prices.”
Source
Aswath Damodaran: I Am More Cautious Than Ever— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:41:25 PM
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