hether you are new to investing or a veteran of the stock market, you may have heard of the efficient market theory, which posits that all public and private information is already factored into a stock’s price and that there is no room for accumulating excess profits. It sounds like a reasonable assumption, but in the interest of historical accuracy, it must be noted that some investors have a much better track record than others, making them worthy of emulation by enterprising investors.
The biggest stocks have produced the biggest gains in 2023, but since the turn of the 21st century, the sweet spot in stocks has been right in the middle of the market. Midcaps are stocks with total market capitalization between $2 billion and $10 billion. From July 12, 2000, until July 12, 2023, the S&P Midcap 400 Index has returned 547%, trouncing the 358% total return for the large-cap S&P 500 Index.
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