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01
Sep

Big & expensive reigns proven short-lived
Large and very expensive US stocks have outperformed their small good value counterparts since late 2017. This research note, by Jacob Reynolds, Courtiers Head of Asset Management, shows that since 1951 comparable periods have been rare and short-lived, lasting around four years. After this, the biggest most expensive stocks underperformed and small good value stocks bounced back to deliver superior long-term returns.