Here’s why investors should stop worrying so much about concentration risk in the market

News Snapshot:

Stock trader Gregory Rowe (R) works on the floor of the New York Stock Exchange during morning trading on February 14, 2024 in New York City. After a brief respite, the Magnificent 7 stocks have again hit new highs on the heels of Nvidia's blowout earnings: They now again comprise about 30% of the S&P 500. Throw in the remainder of the top 10 stocks (Berkshire Hathaway, Lilly, and Broadcom) and the concentration rises to about 33% of the S&P 500. At the recent ETF conference in Miami Beach, Registered investment advisors were eager for advice on how they might...