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Emerging markets vs. developed markets, share of global equity and world GDP based on PPP

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S&P500 Index vs. MSCI EAFE Index: last 12 months P/B

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S&P500 vs. MSCI EAFE Index: last 12 months P/E

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Alternatives: Returns over the years

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Strong performance across a wide-range of asset classes

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Avoiding the "Timing Trap"

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Treasury yields have declined meaningfully in 2019 across all maturities

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Earnings growth is declining globally

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30 funds that investors fled in 2008

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