Banque Pâris Bertrand Sturdza SA

Case Postale 3524

Rue de Rive 1

CH-1211 Genève 3

+41 (0)22 316 0200

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