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Annualized Returns (Source: GMO)

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Reversion to the Mean (Source: Robert Shiller)

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Real Earnings Growth by Decade (Source: Robert Shiller)

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Gold Market History (Source: Morgan Stanley Research)

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S&P and Barclays Aggregate Return (Source: Zephyr StyleADVISOR)

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Historical Annual Return (Source: Morningstar Direct Data)

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Interest rates versus inflation (Source: St. Louis Federal Reserve)

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Inflation-adjusted returns of stocks and bonds (Source: Absolute Strategy Research)

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Gold price adjusted for inflation (Source: Citi)

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Average annual tax drag for 5 years ending December 2020 (Source: Morningstar

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