Will companies that sit atop the stock market valuation table today even be around 10 years from now? As covid-19 shapes and reshapes our lives in ways we can't yet fathom, many businesses will be upended even while those not yet incubated will become the new money-spinners.
Indeed, every major crisis over the last two decades has resulted in a new set of global leaders by market capitalization (bit.ly/3bOTg1K).
Following the 2008 financial crisis, the list of top 10 firms by market cap in 2009 was dominated by five Chinese companies with Petro China leading the charge.
Evidently, the devastation of US banks and financial institutions took its toll while state-backed Chinese firms rode the phenomenal growth of the nation's economy.