In this video I'm going to tell you why you should think carefully about owning small cap ETFs.

You probably won’t be surprised if I tell you that smallcap stocks, in general, have outperformed largecap stocks over the longterm, even on a riskadjusted basis, with risk measured as standard deviation. This is welldocumented around the world and over time. Small caps were the first market anomaly that challenged the capital asset pricing model and resulted in today’s multifactor models for asset pricing.

My name is Ben Felix, Associate Portfolio Manager at PWL Capital.

Referenced in this video:
Figuring Out Factor Investing https://www.pwlcapital.com/figuringo...
The Delisting Bias in CRSP Data https://www.jstor.org/stable/2329566?...
Size Matters, If You Control Your Junk https://papers.ssrn.com/sol3/papers.c...

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Spotify Podcasts:
https://open.spotify.com/show/6RHWTH9...


PWL Capital Blog Post: https://www.pwlcapital.com/devilishd...

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