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Returns

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Based on annual returns for the period 2000-2019 (Silicon Cloud Technologies)

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95-Year Return History for Common Stocks (PPCA 1933-2020)

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MSCI ACWI Returns (Bloomberg Data 2001-2020)

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Dividend Discount Model (FPA 2020)

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Valuation Spreads (Empirical Data from NBER 1952-2020)

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Correlation of Starting Yield to Total Return (Bloomberg Data 1996-2020)

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Price is What You Pay, Value is What You Get (Bloomberg Data 2020)

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Price/Sales: S&P 500 Growth Index vs. S&P Value Index (Bloomberg Data 2020)

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Annualized performance by economic cycle (Bloomberg Data 1980-2021)

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