The art of patient investing

July 2024

In recent years, large cap US stocks and private equity have dramatically outperformed most asset classes. Almost every other asset class in a diversified portfolio has served as a drag on portfolio returns. This is testing many investors’ patience with diversification.

This research note is intended to remind investors of the benefits of taking a patient approach to investing. The first half focuses on the long-term case for a diversified portfolio. The second half explores various areas where investors may want to remain patient in the current market.