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Hawks become doves

Hawks become doves.png

Corporate debt levels inconsistent with high yield spreads since 1993

Corporate debt levels inconsistent with high yield spreads since 1993.png

U.S. outstanding debt by sector since 1945

U.S. outstanding debt by sector since 1945.png

Total return since 1993 (in USD terms)

Total return since 1993 (in USD terms).png

Small is in the eye of the index provider

Small is in the eye of the index provider.png

S&P growth and value relative price performance (vs S&P 500) past 25 years (since 1995)

S&P growth and value relative price performance (vs S&P 500) past 25 years (since 1995).png

Percentage of U.S. equity funds underperforming benchmarks (rolling three-year returns)

Percentage of U.S. equity funds underperforming benchmarks (rolling three-year returns).png

Is small really beautiful?

Is small really beautiful?.png

Impact of volatility on three hypothetical portfolios

Impact of volatility on three hypothetical portfolios.png

Caregiver hypothetical

Caregiver hypothetical.png

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