re: ZOM making a nice run

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For those who buy VOO, Vanguard’s S&P 500 ETF, aren’t they putting ~7% of their money in AAPL?

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Yes. Hopefully you’re buying more than just VOO.

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know many oil field baws Ive worked with that have over 90% of their 401K in the company they work for stock and that stock alone. Upper executives of most large companies fall into that category as well.

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Asinine from a portfolio management standpoint. The risk/reward benefit of tying your 401k to the health of your employer is insane. Lots of oilfield baws, as you say, who thought it was smart as hell until it wasn’t.