No way, right? 😂 Max, the founder of Oak Capital (not Musk), just released a new memo with some alarming data: if you buy the S&P 500 at its current valuation, the return over the next 10 years could be -2% to 2%. That's right, you read that correctly, investing for ten years, the principal basically stays the same!

Why is this happening? Mainly because the seven major tech stocks dominate, accounting for 32% of the market value, which is historically at a peak high. Looking back at the S&P 20 back in 2000, only 6 are still on the list now.

Max gave an example: when the "Nifty Fifty" was at its peak, the price-to-earnings ratio soared to 60-90 times, and what happened? Five years later, it plummeted by 90%. Companies like Kodak and Xerox, which were once giants, are now part of history. However, Max also mentioned that the current tech giants are indeed stronger than before, with high profit margins and valuations that aren’t as outrageous.

But he quoted Buffett to remind everyone: the company's profit growth rate is only around 7%, and if stock prices rise too quickly, it always has to be paid back. That hits hard, my friend! $BTC