1. Intro – Bill Hazel

2. Government Intervention & The Economy – Rob Suttman

3. Events Around This Time Last Year – Rob Suttman

4. Thoughts Shared Last Year – Rob Suttman

5. Who Fills the Gap? – Rob Suttman

6. Market Value Gap – Rob Suttman

7. Fed Balance Sheet – Rob Suttman

8. TARP Investments in Banks – Rob Suttman

9. Economic Capacity – Rob Suttman

10. Population Growth – Rob Suttman

11. Population and Productivity – Rob Suttman

12. GDP – Rob Suttman

13. Unemployment – Rob Suttman

14. Savings Rate – Rob Suttman

15. Inflation – Rob Suttman

16. The Market: Stocks, Bonds, and Fixed Income Portfolios – Ron Eubel

17. Point A to Point B – Ron Eubel

18. Melt Down – Ron Eubel

19. Melt Up – Ron Eubel

20. Bearish Sentiment – Ron Eubel

21. Volatility – Ron Eubel

22. Prolonged Poor Performance Followed by Good Performance – Ron Eubel

23. Reported vs. Operating Earnings – Ron Eubel

24. Valuations: Price/Earnings – Ron Eubel

25. Performance at Current Valuations (Reported EPS) – Ron Eubel

26. Performance at Current Valuations (Operating EPS) – Ron Eubel

27. Fixed Income – Ron Eubel

28. Fixed Income – Ron Eubel

29. Treasuries in 2008 – Ron Eubel

30. Treasuries and Corporates in 2008 – Ron Eubel

31. Long-Term History of Credit Spreads – Ron Eubel

32. Treasuries and Corporates in 2009 – Ron Eubel

33. Bond Price Sensitivity – Ron Eubel

34. Equity Strategies in the Portfolio – Mark Brady

35. Probabilities of Beating Market with Value Investing – Mark Brady

36. Performance of “Low Price-To” Strategies – Mark Brady

37. Academic Support for “Low Price-To” Investing – Mark Brady

38. Academic Studies Refuting “Low Price-To” Investing – Mark Brady

39. Additional Studies Confirming “Low Price-To” Investing – Mark Brady

40. Market Valuations: 1999 and 2009 – Mark Brady

41. EBS All Cap Allocations: 1999 and 2009 – Mark Brady

42. EBS vs. Market: Valuations – Mark Brady

43. Our Perspective – Mark Brady

44. Our Perspective: Common Theme – Mark Brady

45. Our Perspective: Summary – Mark Brady

46. Pledge of Stewardship – Mark Brady

47. Closing – Scott Lundy

48. Closing – Scott Lundy

49. Finding Value Today, Creating Wealth For Tomorrow