It's pretty funny to see the 2016 date here. That's a few years after I finished grad school having doubled up in computer science and finance. It was nearly axiomatic at that point that small cap value funds were the best way to go for long-term investing, having outperformed all other broad options consistently for the past century over any time horizon longer than a decade.

Except today. Even since this was written, large cap growth funds or "blue chip" stocks have tremendously outperformed everything else, more than doubling the return of small cap value. Big companies are absolutely not failing. They're doing better than they ever have at any other time in history, granting this is the admittedly short span of human history in which we had public equity markets.