Three Questions That Bruise The Small Cap Performance Myth


Most of us believe that small stocks outperform large stocks. 

Studies agree. But were those studies correct?  Perhaps not. 


Read the latest in my AssetBuilder column


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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. james says:

    it’s quite interesting that AssetBuilder would publish your article citing studies that question (and refute) the small cap premium given that DFA has built at least part of it’s research foundation on this premise. i appreciate that you continue to plow deep into the underbelly of financial research literature to examine the risk/return premium questions. personally, it reaches a stage of pure exhaustion at the endless statistical/mathematical study of stocks, markets and returns. DFA is interesting but their fund composition and methodology become black boxy, as does the methodology of many ETFs these days. the index construction of many indicies is based on proprietary screens and software and choosing these starts to resemble choosing individual stocks. i’ve capitulated personally. cheap, straight forward broad based indicies are where it’s at….

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