What were the drawdowns within the individual components of the portfolio? Additionally, what did relatively worse this time compared to the past drawdowns?
Deb Dabrowski, CFO
Thank you Dave for your question. Mike will answer the Q&A at the end of the presentation.
Your view is that Value's time will come. Like a high duration investment, much of Growth's value is tied to the horizon, does that mean you believe there will be a concomitant rise in interest rates?
How do you reconcile the massive unemployment numbers we’re currently seeing, with an 18-24 month return to pre-pandemic markets? Aren’t there longer term impacts on consumer spending and credit defaults that will ripple out to the whole economy?
Michael, for the next presentation for this group, can you possibly show us a picture of historical draws from endowment funds, vs. recommended draws in order to maintain purchasing power over time.