Over any 20-year period, the outperformance of value stocks over growth stocks is probably only 5-6% maximum, but in any single year the difference can be 20-40%, so longer time horizons make diversification less important from a performance perspective.

factualpending

Speaker

Larry Swedroe

Evidence Quote

over say any 20e period probably relatively small maybe five % at the most maybe six in any one year it could be 20 30 or 40% different

Source

Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix ThemExcess Returns
Created: 8/11/2026, 7:39:47 AM

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