LLW Vermögensverwaltung AG

Independent Wealth Manager

Postfach 452

Mühlemattstrasse 22

4104 Oberwil

+41 61 406 90 60

1950 - 2015

Or why everybody is better off.

Change in eight Subcomponents since 2000

Or why it is getting ever more expensive to keep up with the Jones

The cost of trying to outsmart the market as an active investor