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Growth of $1 invested from 12/31/1999-12/31/2009

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MSCI emerging markets less S&P 500 index since 1991

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Distribution of historical stock and bond returns since 1876

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Year-to-date total return for the Bloomberg US aggregate index

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Starting 3-year treasury yield and annual change in Fed funds rate since 1972

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Previous value cycles show the potential for prolonged outperformance

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10-year nominal total return since 1900

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Dow Jones: 18 years flat between 1964 and 1982

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The historic crypto bubble: Bitcoin is now the 5th biggest wipeout of all time

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