I thought the same initially but this may just be a case of recency bias. Small caps have underperformed large cap stocks for the last ~12 years but these thing

I thought the same initially but this may just be a case of recency bias. Small caps have underperformed large cap stocks for the last ~12 years but these things tend to go in cycles: https://blogs.cfainstitute.org/investor/2025/04/24/small-caps-vs-large-caps-the-cycle-thats-about-to-turn/ https://blogs.cfainstitute.org/investor/2025/04/24/small-cap.... It will be interesting to see how the next cycle plays out with the recent concentration of returns in large cap tech stocks (Magnificent 7).