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Active Management is Winning Strategy in Real Estate Category

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U.S.- Years from Empire's Peak

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The Great Empires (1500-2024)

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The Great Empires (600-2024)

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US Outperformance vs. Europe: Unprecedented in our Investing Careers (1970-2024)

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International Market Offer a Premium Relative to Bonds (2003-2025)

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U.S. Dollar Historically Rises and Falls in Multi-Year Cycles (1973-2025)

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US Stock Valuation Premium Remains Elevated Relative to International (1970-2024)

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The Great Empires (1500-2025)

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Real House Prices (1976-2025)

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