Small caps are cheap. Why do they keep getting cheaper!?
Many Happy Returns
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Small Caps: Cheap and Undervalued
This chapter discusses the valuation of small caps compared to large caps and the potential for mean reversion. It highlights the significant valuation difference between small caps and large caps, with small caps currently being very cheap. The chapter also explores the dynamics of small cap stocks in the stock market and the potential for inefficiencies and bargains.
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