Downtown Josh Brown
👤 SpeakerAppearances Over Time
Podcast Appearances
for sector or industry group ETFs, I don't understand, do they hate momentum?
Because why wouldn't you want Broadcom and Nvidia to become outsized positions?
And the reason I'm asking that is I think about like biotech.
XBI versus IBB.
XBI owns, I don't know, 1% of 100 biotech stocks or whatever it is.
Why does anyone want that?
Why wouldn't you want, when the sector's in favor, you want the biggest biotechs that are going up the most to be the biggest part of the portfolio?
I own XBI.
But why do you?
Because it's high beta.
No, no, no.
Stop, stop, stop.
Yeah.
Yeah.
Okay.
So for me, if I think a sector is going to be in favor and I want to be long in the sector, it seems you would almost have to have brain damage to say, but I don't want the winners to be more than 2% of the portfolio.
I don't see it that way.
No, they haven't.
No, they haven't.
True or false for either of you guys.