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Active Equity Funds of Two Criteria Have Beaten Indexes

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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US Crude Oil Production (1987-2015)

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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MSCI Emerging Markets Index (Local Currency) with Periods of Economic Weakness

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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High Yield Bonds and Senior Secured Loans Quite Resilient

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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Profit Cycle Warns of Deterioration Ahead of Labor Data---By then Too Late

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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S&P 500 Versus Gold (Jan 1971-May 2014)

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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Dedicated EM Equity Fund Flows (US$ Billions) and Valuations Trading at a Discount

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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Active Versus Passive Fund Strategies

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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Global Stock Prices (January 1, 1980-January 22, 2016)

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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Since 1929 to 2009, The S&P 500 Index Has Averages a 33% Decline during Recessionary Pullbacks

Submitted by Your Personal CFO - Bourbon Financial Management on February 19th, 2016

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