Passive Investing at a Crossroads
Why Risk, Valuation, and Market Concentration Matter More Than Ever
For years, passive investing has been sold as the simplest answer to a complicated problem. Buy the market, stay invested, and let time do the work.
That framework is now being tested.
Equity markets are increasingly defined by historic concentration, elevated forward valuations, and narrow leadership tied to AI-related narratives. A small group of mega-cap stocks now carries an outsized influence on index-level outcomes, while broad segments of the market remain underrepresented in traditional portfolios.
The question investors need to ask is not whether passive investing “works,” but what risks are quietly being embedded when capital is allocated purely by market cap.
That is the focus of this upcoming live webinar.
Join Us: Live Webinar (CFP® CE Credit Approved)
Hosted by Michael Gayed of The Lead-Lag Report
Presented by Seth Cogswell
Sponsored by Running Oak Capital
📅 Wednesday, January 28
⏰ 2:00 – 3:00 PM ET
🎓 CFP® Board–Approved CE Credit
👉 Register here:
https://us06web.zoom.us/webinar/register/WN_nkMljw4USOGTvOCgZ5rmuw
What This Webinar Will Explore
This session takes a step back from short-term narratives and looks at the structural forces shaping markets today:
Why cap-weighted passive strategies can magnify valuation and concentration risk
How today’s AI-driven enthusiasm compares with prior speculative periods
What history suggests about growth investing during volatile, uncertain regimes
Why large portions of the market may be structurally under-owned
How an efficient growth approach seeks to balance participation and risk
Rather than chasing what is already crowded, the discussion focuses on how investors can think differently about growth exposure when markets sit at valuation extremes.
Why Attend
Markets rarely warn investors before risk becomes obvious. Concentration feels comfortable until it does not. Valuations seem irrelevant until expectations reset.
This webinar is designed for investors and advisors who want to understand:
Where today’s risks are hiding
How history can inform portfolio construction
Why “buy higher” has become the default behavior—and what that implies going forward
If you are questioning whether traditional passive allocations still reflect the opportunity set ahead, this is a conversation worth joining.
👉 Save your seat here:
https://us06web.zoom.us/webinar/register/WN_nkMljw4USOGTvOCgZ5rmuw