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A diversified approach has smoothed returns over time since 1993

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S&P 500 technology relative performance during IT spending secular bulls and bears since 1972

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Change in fed funds rate and US 10 year treasury yield

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S&P 500 and 10 year treasury returns during pivotal years

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Simple expected real return of US equities and bonds, January 1900 - December 2022

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Average gold returns during various phases of economic cycle

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How one-star funds performed over time

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Investment themes by decade since 1950

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Why invest outside of the US?

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MSCI EAFE value index vs. MSCI EAFE growth index since 1998

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