Core Viewpoint - The company maintains a constructive outlook for the markets, anticipating 12% earnings growth in 2026 and more aggressive GDP estimates of 2.5%, alongside expected Federal Reserve cuts next year, which are seen as accommodative for equities [2]. Group 1: Market Outlook - The company agrees with the positive market perspective shared by Ashook, indicating a favorable environment for equities due to anticipated earnings growth and economic conditions [2]. - Historical data shows that since 1945, 79% of years in equity markets have been positive, reinforcing the long-term investment strategy of family offices [5]. Group 2: Family Office Investment Behavior - Family offices tend to adopt a long-term investment approach, often investing for generations and demonstrating patience during market dislocations [3][4]. - The allocation of family offices to private markets is higher compared to average clients, with a reported 42% allocation to alternatives, compared to 25% for aggressive portfolios of average private clients [6][7].