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The 1960s Conglomerate Boom<br />

An index of 10 conglomerates appreciated 608% from August 1962 to July 1968, outperforming the S&P 500 Index by 531%.<br />

Conglomerate Index vs. S&P 500 Index<br />

AUGUST 9, 1962 – JULY 8, 1968<br />

800<br />

Conglomerate Index<br />

S&P 500 Index<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

1963 1964 1965 1966 1967 1968<br />

Source: Chicago Booth Center for Research in Security Prices, JHL research.<br />

Strictly confidential. Not for public distribution. © 2015 JHL Capital Group LLC. All rights reserved. 6

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