Returns

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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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10-year nominal total return since 1900

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Growth of $10K invested January 1, 1980

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S&P 500 rolling returns: 1926-2022

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2012 return projections of 17 Wall Street firms, versus actual subsequent 10-year returns

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Active equity mutual fund and best idea stocks, net annual returns

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Hedge fund strategy performance: CAGRS and correlations, 2003 to 2022

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Private markets have historically outperformed public equities since 1992

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