| Ʒ Ư ũ(valuewalk.com) 2023 6 27 Դϴ. ֽĿ ǰ Դϴ. Ǵܿ å ο ֽϴ.
, ۰Ŵ "ηϴ ٺ ̴. ηϴ ̰ ̱ ̴" ߽ϴ. ֽĽ忡 츮 ϰ ʴµ ִ ֽĵ ֽϴ. ϸ, Ư ֱ ¿ ø ִ η ֽϴ.
(ذ ο AI)
AI ֵ ø S&P 500 ǻ θ
ȸ: AI ֽ S&P 500
: S&P 500
Ʈ ֵ, α ִ AI ֵ ϸ, ֽĽ 1б ߽ϴ. ڵ ̷ ſ ηϸ鼭, AI ݿ Ʈ ϶ ݵŴ鿡 з ϰ ֽϴ. ÿ ڵ ᱹ ϰ ġݵ忡 ູ ִ AI ַ Űܰ ֽϴ.
츮 ſ 츮 ߰ų Ϸ ߴ( ϰ ) Ǹ ְ ȸմϴ. ̵ αⰡ 츮 8 ֽ 츮 ߰ų мߴ 쿡( 츮 ̶ ˰ ־ 쿡) ϴ.
츮 ʹ ΰ α ִ ֽ ʾƼ Ǹ ϴ. ֱ GMOݵ(Grantham, Mayo, Van Otterloo & C0. LLC) Ŀ(Ben Inker) S&P 500 ġ Ͱ 636 6̾ٴ ֽϴ. ֽ߰ â (1980), α ִ ֽ ѱ ϸ ٷ α ܰ ϴ.
츮 Ư ӵǰ ִ پ ʾٴ ִ ߿ Ʈ ֽϴ.
ù°, ̷ ֵ S&P 500 ū ϰ ֱ ۵̡ ɼ ŷ ֽϴ.
(S&P 500: ְ ݿɼ ŷ)
S&P 500 ϰ ݿɼ ŷ(: 100 )
°, αֵ ڵ ź Ʈ ֽĽ з ̲ Ƽ ִٴ Ű ֽϴ. ź ֽĽ з ̾ ʸ Ұϸ ϴ.
1929 ְ α RCA: Ȳ 100 Ѵ ְ 20 .
1967 ư ݵ(Manhattan Fund): α, ֿ ڸ ߴ ư ݵ ᱹ 1969 Ļ.
1972 ְ ߴ Ƽ Ƽ(Nifty Fifty; Ʈ, īݶ ) ǰ ر
2000 (INTC), ý ý(CSCO), 罼Ʈ ũ(Lucent)
2021 ְ ߴ Ʈ(Beyond Meat), ư ͷƼ(Peloton)
2023 ű״ǼƮ 7(Magnificent 7) ?
(2023 ְ α, ű״ǼƮ 7 ̼: )
ű״ǼƮ 7: ũμƮ, , , , Ƹ, Ÿ ÷,
7 հ PCR(ְ帧)
°, ִ Ĺ ̼ ؿ ֽϴ.
( PEG : Ĺ ְ )
ص PEG
S&P 500 : S&P 500 PER PEG
ȸ : ħü
û: S&P 500 PER S&P 500 PER()
Ȳ: S&P 500 PEG ; Ĺ
츮 ְ 츮 8 ֽ ֡ η ʽϴ. ŸԵ, κ ֽ ۱ Ÿκ ϸ, ູ Ǯ ϴ ı Դϴ.
츮 2000-2003 ְ ÿ ϰ α ִ ֿ ڵǾ ں Ϻ(Ƹ 20% ) 츮 ϰ ִ ġֵ 귯 ϰ ֽϴ. ֽĽ и ηؾ մϴ!
մϴ.
̵ ij ŴƮ ȸ CIO
̵(William Smead)
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* ó: ̵ ij ŴƮ(Smead Capital Management) ȸ CIO ̵(William Smead) ڵ鿡 , "Artificial Intelligence Envy," 2023 6 27, https://www.valuewalk.com/artificial-intelligence-envy/
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