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Download full textGriswold, John S.; Jarvis, William F. – Commonfund Institute, 2011
Successful investing for long-term funds requires a strategic plan. This is true despite--indeed, because of--the fact that the future is unknowable. The plan must be specific, embodying in concrete terms the best thinking of the board of trustees about the investment pool, its goals and purposes; but it also needs to be sufficiently flexible to…
Descriptors: Investment, Financial Policy, Position Papers, Strategic Planning
