Public Equity Markets Have Changed—Why Do Portfolios Still Look the Same?

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This article by Chris Rosenberry highlights significant shifts in public equity markets over the past decade, including a decline in listed companies, increased market concentration, and elevated valuations. It questions why investment portfolios often fail to adapt to these changes. The piece suggests that investors should reconsider traditional equity allocations and explore alternative approaches given higher correlations and volatility in public markets.

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