M&Ms candy was first introduced to the public in 1941, inspired after Forrest Mars Sr. relocated his Mars candy company to England and encountered British soldiers eating small chocolate beads encased in a hard sugar shell. This shell prevented chocolate melting in the heat of summer (melt in your mouth, not your hand). A couple other interesting facts: M&Ms were sold exclusively to the US military during WWII. Between 1976 and 1987 there were no red colored M&Ms and the color blue was not added until 1995. M&Ms were the first candy to travel into space (1981). Who doesn’t like M&Ms?
Reflecting on investing in 2023, it might be appropriate to label it the year of the M&Ms. That’s because two investing themes dominated investor behavior throughout the year: Money Market Funds and the Magnificent 7(1).
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