Your keen observation is highly appreciated. It is indeed true that Large Caps have significantly outgrown Small Caps over the past few years. However, valuations for Large Caps have also become much more expensive compared to those of Small Caps. From a long-term perspective, valuation ultimately matters more than near-term growth. While we cannot precisely time when Small Caps will rebound, we believe maintaining a focus on valuation is critical. This was addressed in my other paper published on CFA Institute's Enterprising Investor.

Thank you again for your feedback!