Today in the study of the new report of the endowment, I saw some interesting data. Distribution and changes in asset classes around the world. The most obvious is the change in the proportion of assets from 2015 to 2025: 1. Real estate market. The proportion decreased from 54.5% to 50.85% 2. Bonds. 23.39%➡️22.34% 3. Open market stocks. 17.42% 17.72%, ➡️it will be higher in 2020 4. Money market. 1.24%➡️1.54% 5. Collectibles. 0.25% ➡️0.46% 6. Gold. 1.74% ➡️3.08%。 The proportion doubled, and the price of gold tripled. 7. Oil and gas. 0.45%➡️1.23%。 8. Private market. 0.75%➡️2.31%。 The market share of the private market increased by 3 times. 9. Digital currency. 0% in 2015, ➡️0.18% in 2020, and ➡️0.46% in 2025. In the past 10 years, the only new asset class has been cryptocurrency, with private equity expanding and traditional real estate being compressed. (Content from the "Endowment Fund" 202507 report)