Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Apple is bigger than almost any stock market in the world

cnbc.com

Post reply on HN
Print view View original

11–20 of 32 posts

Re: Apple is bigger than almost any stock market in the world

#11

Post by BizarroLand »

apienx wrote: post #3

"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.

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.

Re: Apple is bigger than almost any stock market in the world

#13

Post by funnym0nk3y »

hnburnsy wrote: post #12

As a US citizen, I have always wondered if those in other countries invest in US securities or securities of their home county. Do they buy US securities through an ADR on their local stock market?

They do. Of course there is still a home bias.

AFAIK those stocks are traded directly on foreign exchanges.

Re: Apple is bigger than almost any stock market in the world

#14

Post by panax »

apienx wrote: post #3

"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.

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

Re: Apple is bigger than almost any stock market in the world

#15

Post by _hypx »

slap_shot wrote: post #7
perryizgr8 wrote: post #5

I don't know what to make of this information. It's clearly true. But I don't understand what it means, what's the take away.

simplified: Exchanges are a group of public companies. Each company has a market capitalization, calculated by the number of shares * the share price. Apple's individual market cap is greater than the aggregate market cap (sum of all companies' market caps in the exchange) in many other exchanges in the world. It means what we already know: Apple is a very large company (it's the largest public company in the world).

It is also unfortunately a sign of a market imbalance. There have been periods in history where one company or group of related companies held a ridiculously large percentage of stock market capitalization. They rarely last for long, and in the long run they always regress to the mean.

Re: Apple is bigger than almost any stock market in the world

#16

Post by panax »

What was also interesting and caused some issues was when Naspers owned ~1/3 of Tencent when at its peak was valued over $800 billion and their stake was worth more than the entire GDP of South Africa causing them to basically dwarf the rest of the Johannesburg exchange.

Re: Apple is bigger than almost any stock market in the world

#17

Post by jjtheblunt »

panax wrote: post #14
apienx wrote: post #3

"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.

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

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

Re: Apple is bigger than almost any stock market in the world

#18

Post by BadTakeAbove »

panax wrote: post #14
apienx wrote: post #3

"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.

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

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).

Re: Apple is bigger than almost any stock market in the world

#19

Post by BadTakeAbove »

BizarroLand wrote: post #11
apienx wrote: post #3

"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.

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.

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.

Re: Apple is bigger than almost any stock market in the world

#20

Post by panax »

BadTakeAbove wrote: post #18
panax wrote: post #14

Earlier quoted context omitted.

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

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).

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.
Post reply on HN