Valuation

Number of Successful Active Funds vs Number of Consecutive Years of Underperformance in 15 Years’ Time Frame

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Patience Is Necessary - Number of Successful Active Equity Funds vs Number of Consecutive Years of Underperformance in 15 Years Time Frame.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Excess Return Volatility of Active Funds vs Smart Beta ETFs across International Equity Categories.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Past Performance is No Guarantee of Future Results.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Median Outperformance vs Median Underperformance for Actively Managed Funds.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Equity Funds That Underperformed Their Benchmarks During 2000-2002 and 2008 Bear Markets by Category.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Active Equity Managers Underperform Their Benchmarks Over Time.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Distribution of the U.S. Equity Returns for the Last 20 Years is Positively Skewed.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Active Fund Managers Rarely Outperform Their Benchmarks Consistently - Percent of Underperforming Managers Over Five Years by Asset Class.png

Submitted by Your Personal CFO - Bourbon Financial Management on June 2nd, 2017

Outperformance Persistence of Fund Managers over Time is Insignificant.png

Submitted by Your Personal CFO - Bourbon Financial Management on May 26th, 2017

Net Profit Margins of S&P 500 Companies Since 1979.png