Reasoning by appeal to authority. The inference being that if a stock is in VUG it is a growth stock, whatever that means. As I explain below, the inference is flawed.
Some index methodologies, CRSP among them, partition the equity universe - a stock is either a growth stock or a value stock, never a blend.
CRSP Methodology Guide, Aug 2020
The reality is that all stocks have both growth and value attributes in varying degrees. Rather than use a binary classification system (value/growth), M* offers a ternary (value/blend/growth) system. In this system, M* classifies both APPL and BRK.A as blend companies.
Suppose that instead of partitioning stocks into exactly two (or three) non-intersecting categories, a methodology put stocks into both categories, weighted by how well they fit each. So a particular blend stock might wind up being weighted 46% in growth and 54% in value. This is what MSCI does with its value-weighted index.
Because AAPL is the elephant in the room, even with a smaller value percentage weighting than, say JPM, it still winds up being "number one" in the MSCI USA value-weighted index. (Just in case one wants to appeal to authority.)
MSCI USA Value-Weighted Index (Oct 30, 2020)
MSCI Value Weighted Indexes Methodology
That's not the end of the story. People think that indexes classify companies according to whether they are growth or value companies. Actually, indexes that are designed to be used by mutual funds classify companies according to whether they were growth or value companies.
They build buffer zones, so that when a growth company evolves into a value company it isn't automatically moved from growth to value. There's a lag. This is to help fund avoid churning with companies that oscillate between growth and value. Which is okay, but it means that one can't rely on these indexes to say that a particular stock is now a growth company.

M* article on distributions:
https://www.morningstar.com/articles/1009922/will-your-funds-sock-you-with-capital-gains-payouts-this-year
2019 M* article on CGs naming locations including MFO.
https://www.morningstar.com/articles/904867/how-to-help-clients-avoid-capital-gains-distributions

These are click baits to get reader's attention. I have a decent allocation of gold going into this year and it has performed well throughout the year. Sold a bit when it reached over $2,000 an ounce and now is back in mid $1800. I will buy more when the price is right. I agree that new investors got in late before the election and now bail to stocks as they are rising. Now is not a bad time to rebalance a bit and wait for better buying opportunities.
History will repeat itself as we are entering the second and potentially worse phase of the pandemic. Now is just a pause and it is likely to rise again as panic sets in just like in March this year. When grocery stores are emptying out toilet paper, flour and can goods, you know what is coming. Some states have imposed curfew hours and closing bars and restaurants. Our state tried to reopen our schools but reclosed them as too many kids are infected.
My take is that countries that have their COVID pandemic well in control will move forward with their economies in 2021. And US and Europe will lag behind Asia by 6 months to a year. Guess where the more compelling investing opportunities are?

Warren has been selling his Apple stock lately and is Apple still a growth company?
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-potentially-sold-5-billion-apple-stock-2020-11-1029788091
https://macrotrends.net/stocks/charts/AAPL/apple/revenue
Apple revenue for the quarter ending September 30, 2020 was $64.698B, a 1.03% increase year-over-year.
Apple revenue for the twelve months ending September 30, 2020 was $274.515B, a 5.51% increase year-over-year.
Apple annual revenue for 2020 was $274.515B, a 5.51% increase from 2019.
Apple annual revenue for 2019 was $260.174B, a 2.04% decline from 2018.
Apple annual revenue for 2018 was $265.595B, a 15.86% increase from 2017.

Yes, I understand how it works, just doesn't seem worth it to get another credit card if the city or county charges 1.7ish% and Fidelity pays 2% cash back. Or else my property taxes are low

Warren is smart because
1) He finally invested in a growth, "over valued" for his style high tech company, Apple, after he said for years he woudn't and now it is his biggest holding.
2) SPY/VOO is an easy, dirt cheap index

@FD1000 Which cash back credit card allows you pay property taxes with no fee?

Fidelity 2% cash back. The fee is decided by the county/city not the credit card. This year was the first time I was able to pay the county by credit card with zero fees.
The city one is years already.
From memory, in previous years the county was charging more than 2% and why I didn't do it.

So long as you get more back on your CC than you pay in service fees, you come out ahead by charging taxes. (This ignores any impact on your credit score of a possibly large charge.)
For example, Pay1040.com charges 1.87% for IRS payments. Fidelity's Reward Visa and Citibank's Double Cash MC each return 2%.
Fees on property tax charges vary by locality. If you live in, say, suburban Atlanta specifically Gwinett County, all the fees are waived right now. There, the answer to the question of which cards allow residents to pay their property taxes with no fee would be: all of them.
https://www.ajc.com/news/atlanta-news/credit-debit-card-fees-eliminated-for-gwinnett-property-tax-payments/RDALEKRJG5DHVMOKGLIHOWSQZY/

Thanks @Sven for the story. I always enjoy these hyperbolic headlines. Crash is too strong a word if you compare the price of spot gold now with one year ago. But it is such a volatile market you probably can argue in either direction based on the dates chosen. As for the recent sell-off? It could be a lot of newbies added gold to portfolios prior to the election and than sold all or some of it sometime after.
As the chart shows, gold near $1900 today is still about $400 higher than a year ago when it traded under $1500. That’s a 20+% gain over the past year. Yes, it topped $2,000 - but only briefly. I think a lot of investors got in before the election and perhaps sold after.
I have a small toe-hold in OPGSX, which invests in miners. It’s gained 46% over the past one year - again making it difficult to apply the word crash. Bottom line: Gold and / or miners are crazy volatile investments and largely unpredictable.

@FD1000 Which cash back credit card allows you pay property taxes with no fee?

@FD1000, Warren plans on doing just that with his wife's money.

The 90/10 plan
Buffett's plan is about as simple as it gets. In his 2013 letter to Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) shareholders, he wrote that the instructions in his will state that the trustee is to invest 90% in a low-cost S&P 500 index fund, with the remaining 10% to be invested in short-term government bonds.

warren-buffetts-investing-plan-for-his-family-why

1. Your first lost is your best lost.
2. Evaluate every strategy not just on a benefit of being right basis, but more importantly on the cost of being wrong basis. Sometimes its not always how much you can make, its how much you don't lose.
3. Behavioral Economics high level summarization: overconfidence is the #1 enemy.

SPY beat CWS for 1 and 3 years + since inception with lower SD.
ER needs to fluctuate between 0.3 to 0.5 and not 0.65% to 0.85%...and maybe they will have a chance.
I have a better idea if I make the rules :-)
Every fund must follow an index and it must stay within it. It can't say I follow a bond index and invest in stocks. We can work on the specific rules later but I like the idea.
At the end of each year is must beat the index to keep its ER. If the performance is lower, ER goes to 0.3% max for the year (=12 months). It must beat the index the next year in order to have a higher ER than 0.3% for the next year.
This above will eliminate so many funds :-)

I don't see any reason to own BRK.A
SPY beat it easily for 1-3-5-10 years and with lower voltility.

See this link in inprivate browsing window for explanation:
https://www.bizjournals.com/baltimore/news/2020/11/19/t-rowe-price-to-launch-new-investment-subsidiary.html

Citing data from EPFR, the bank said inflows into global stocks in the last two weeks soared to $71.4 billion, the biggest ever. The flows were led by U.S. and emerging market stocks.
Still, investors were not ready to pull the plug on high-flying technology stocks, which saw $2.4 billion inflows last week. BofA said the feedback was “we’re on it (the rotation to value stocks), but we ain’t selling tech”.
Value stocks, typically companies that are more sensitive to economic cycles, have been soaring since Pfizer’s announcement earlier this month of positive data from its vaccine trial, raising hopes of an economic recovery.

https://reuters.com/article/us-markets-flows-bofa/investors-rush-to-buy-equities-dump-gold-in-vaccine-euphoria-idUSKBN2800RO
Advances in market indices have broaden to smaller caps and overseas. If this a forward looking view of 2021, perhaps there is light at the end of the pandemic tunnel. What do you think?

I received email yesterday from TRP about this but had been too occupied to take a close look at this (or much of anything else). Structurally, it looks like the parent company, T. Rowe Price Group (TROW) is "merely" splitting its investment management subsidiary T. Rowe Price Associates into two separate RIAs. The operations of the funds themselves should not be affected, except insofar as some of them will now be contracting with T. Rowe Price Investment Management instead of T. Rowe Price Associates for fund management services.
It's not unusual for fund companies to have separate teams including managers and analysts to oversee different groups of funds (see, e.g. Baird). Still, the "Chinese wall" that TRP is establishing seems different.
The closest structure that comes to my mind is the separate facility Janus set up for Bill Gross. And we all know how well that went. Though Gross was strapped for resources: "Indeed, he [was] starting with just a handful of associates supporting him." I expect the new T. Rowe Price firm to be on better footing.

The cap gains in 2018 and 2019 (there were no dividend distributions) did average 6%+, but over four years I can't see how, even after adding income divs and cap gains together, one could average 6%.
My data source is Fidelity's distribution page for the fund. I've verified the total distribution figures at the source: https://knowledgeleadersfunds.com/

Thank you, @msf
I looked at your sources, and something is not right on the SA GAVIX Dividend TAB.
Regards, Lynn

Here’s M*’s take on the split: https://www.morningstar.com/articles/1011769/is-t-rowes-split-a-smart-way-to-handle-growth

Looks like they want to create seperately managed account-type services based around some of their strategies. Other reporting makes it sound like these advisors will continue to advise/run their mutual funds despite being in this new organization. (I also own large amounts of PRWCX and am curious!)
More @ https://www.bizjournals.com/baltimore/news/2020/11/19/t-rowe-price-to-launch-new-investment-subsidiary.html