Asset classes are divided into categories, styles, sectors, etc. They're all part of the same US equity asset class. How these categories are used in a portfolio is called strategy.
dbr wrote:Rick, it is truly refreshing to hear from a well regarded adviser and author in the field that people do not need to agonize over all the over-engineering of portfolios that is presented in too many places.
Do you realize that stocks can lose in one day what bonds might lose in a year?
LarrySwedroe wrote:Rick, FWIW IMO you are WAY off base on this one