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Value Premiums Persist in any Region of the World

Submitted by Your Personal CFO - Bourbon Financial Management on December 16th, 2015

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Emerging Markets VS USA Relative Price-Earnings on 5 Years Normalized Earnings per Share

Submitted by Your Personal CFO - Bourbon Financial Management on December 16th, 2015

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Leuthold 3000 Universe - Median Price-Earning on 5 Years Normalized Earnings Per Share

Submitted by Your Personal CFO - Bourbon Financial Management on December 16th, 2015

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Contribution to U.S. CPI (2000-2016)

Submitted by Your Personal CFO - Bourbon Financial Management on December 11th, 2015

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Past Fed Hike Comparisons

Submitted by Your Personal CFO - Bourbon Financial Management on December 11th, 2015

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Social Security Will Run a Cumulative Cash Deficit of $2.8 Trillion Between Now and 2034

Submitted by Your Personal CFO - Bourbon Financial Management on December 11th, 2015

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Active Management has Fared Better During Corrections

Submitted by Your Personal CFO - Bourbon Financial Management on December 4th, 2015

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Active Managers Have Generally Outperformed in High Dispersion Markets

Submitted by Your Personal CFO - Bourbon Financial Management on December 4th, 2015

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Large Blend Funds: No Clear Winner in Active vs. Passive

Submitted by Your Personal CFO - Bourbon Financial Management on December 4th, 2015

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Active and Passive Outperformance Trends are Cyclical

Submitted by Your Personal CFO - Bourbon Financial Management on December 4th, 2015

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