If you concentrate investments in one asset class or strategy style (deep value over the last decade), you create style concentration risk that can lead to underperformance even if asset allocation is theoretically correct.
causalpending
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Unidentified Speaker — Liz Ann Sonders, Cliff Asness, Mike Green and 40+ Others Sh… [tqX-0CL1yms]Evidence Quote
“if you got your asset allocation correct, uh but you put all your equities into deep value stocks over the last decade, you know, you've sort of lagged behind equity markets”
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Liz Ann Sonders, Cliff Asness, Mike Green and 40+ Others Share Their Most Important Lesson— Excess ReturnsCreated: 8/11/2026, 6:46:49 AM
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