New O'Shaughnessy book review
Have not read it yet but see if it interests you...
For this new book, O’Shaughnessy examined data as far back as the late 1790s and found that equity markets tend to move in cycles or trends of about 20 years.
According to this pattern, the U.S. is currently in the midst of a 20-year trend that began in early 2000, during which greater returns will be earned by small- and mid-cap stocks and large-cap value stocks.
The previous 20-year cycle favored large-cap growth stocks, while small- and mid-cap stocks and large-cap value stocks were, on average, underperforming the market.
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