A Case for Balance

A Case for Balance

In recent years, U.S. market performance has been dominated by growth equities, particularly since the AI-driven rally that began in late 2022. Yet history reminds us that leadership between growth and value is cyclical. Extended periods of dominance by one style often give way to long stretches of outperformance by the other. In this brief paper, we explore why this trend makes portfolio rebalancing critical, the risks of overconcentration in growth stocks, and how large cap value strategies may provide diversification, attractive fundamentals, and the potential for consistent returns. This not a case against growth or for value; it is a case for balance.

The Past Is NOT Prologue

The Past Is NOT Prologue

What if the next 10 years don’t look like the last 40? Bob Doll, CFA, explores that question in this new white paper. Part of his Accepting Average series, this paper explores why the next decade may look very different from the last – especially without the tailwind of falling interest rates.

Is Alcohol Adding Alpha?

Is Alcohol Adding Alpha?

In the first of our Portfolios With Purpose series on values-based investing, Bob Doll and Will Sorrell explore the implications of investing in alcohol-related stocks, from biblically responsible investing (BRI) to health, social, and performance considerations.