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Valuation Matters Over the Long Term

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US Inflation & US College Tuition and Fees (June 1985-June 2025)

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Annualized Rolling 10 Year Relative Total Return of Growth vs. Value

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2009 tracking 1982-99 bull market

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Bonds relative value vs. equities presents a potentially compelling forward-looking opportunity

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Value vs Growth Performance Cycles

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Housing Prices

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S&P 500 30 Year Returns

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S&P 500 CAPE Ratio Since 1881

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Wealth Distribution and Housing Price Growth in France

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