Wes Crill, the head of investment strategists at Dimensional, brought to our attention some interesting changes in Russell Investments’ latest reclassification of stocks. Two and a half years ago, the FAANG stocks were the set of companies that seemed to provide us with safety and returns as we tried to survive the pandemic. Their business model and network effects made them more resilient during the hard times compared to the old school economy stocks. Russell recently reclassified Meta (formerly Facebook (F in FAANG) and Netflix (N in FAANG) from a growth stock to value stock during their annual reconstitution event. In hindsight, the largest and strongest companies are not immune to weakness. Wes provides this outstanding data chart providing empirical evidence of the largest stocks before and after becoming the ten largest stocks: In 94 years of US history, we can aggregate the total return performances of the ten largest stocks three, five and ten years before they became big and after they became big....