Apple is bigger than almost any stock market in the world

Re:Apple is bigger than almost any stock market in the world by apienx on Thursday May 11, 2023 @11:40AM (#35903769)

"The $40 trillion in stock market wealth in the U.S. is almost 60% of the value of all the equities in the world."

Americans make up 4-5% of the world population.

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Re:Apple is bigger than almost any stock market in the world by EliRivers on Thursday May 11, 2023 @12:05PM (#35904173)

Americans make up 4-5% of the world population.

Is this about Americans owning 60% of the value of all the equities in the world, or is just that 60% of the value of all the equities in the world are listed on US markets?

Over half of my stocks were bought on US exchanges and I'm not a US citizen. Very roughly calculated, Norway owns about 1.5% of the world's equities so Norway owns a nice piece of that $40 trillion and they're also not US citizens (well, some of them are, I expect).

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Re:Apple is bigger than almost any stock market in the world by RC_ITR on Thursday May 11, 2023 @01:37PM (#35905502)

The fractions are as follows:

[US HQ Public companies / All Public companies] = 60%

[US People / All People] = 5%

The listing venue doesn't matter (though for obvious reasons, almost no US companies list overseas). The 60% also does not include foreign companies like Spotify that list in the US.

The point being that things that started in the US and are primarily run by people in the US are way overrepresented.

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Re:Apple is bigger than almost any stock market in the world by sschueller on Thursday May 11, 2023 @12:57PM (#35904928)

Just last year the Swiss National Bank's portfolio for Google, Apple, Facebook, Amazon and Microsoft was over 24 billion. They owned 8.5 billion in Apple and 7 billion in Microsoft alone. [1]

[1] https://www.inside-it.ch/big-tech-sorgt-fuer-grosse-verluste...

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Re:Apple is bigger than almost any stock market in the world by BizarroLand on Thursday May 11, 2023 @01:49PM (#35905669)

And 8 of those Americans personally hold as much wealth as the 4 billion poorest people in the world, or 50% of the population.

If you're an American you're not especially wealthy or well off compared to the world average and adjusted for expenses. It's just rhetoric to make you feel embarrassed for wanting anything more than you have already received.

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Re:Apple is bigger than almost any stock market in the world by BadTakeAbove on Thursday May 11, 2023 @03:21PM (#35907106)

The US median wealth and income (PPP adjusted) is at or near the top. The 75th percentile is significantly higher than all other countries because educated knowledge workers are building products that are used by the entire world.

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Re:Apple is bigger than almost any stock market in the world by panax on Thursday May 11, 2023 @02:52PM (#35906594)

That helps illustrate that a lot of US equities are relatively overvalued. Very high valuations and relatively low risk premiums for US equities.

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Re:Apple is bigger than almost any stock market in the world by BadTakeAbove on Thursday May 11, 2023 @03:15PM (#35906984)

Maybe somewhat, but mostly it means that the US is an economic powerhouse with a lot of companies that provide global value (see: basically every tech company).

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Re:Apple is bigger than almost any stock market in the world by panax on Thursday May 11, 2023 @03:22PM (#35907126)

Yes that too. It also has some of the best quality companies which accounts for a lot of it, but even then it is still pretty extreme.

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Re:Apple is bigger than almost any stock market in the world by jjtheblunt on Thursday May 11, 2023 @03:04PM (#35906817)

does it also illustrate that, outside of america, there are huge numbers of people in poverty?

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